MASHANTUCKET, Conn.--(BUSINESS WIRE)--The Mashantucket Pequot Tribal Nation today announced that Foxwoods Resort Casino Chief Executive Officer Scott Butera will be vacating his current role effective October 31, 2014 to pursue a rare opportunity outside of the gaming industry. Mr. Butera will remain with Foxwoods as a senior advisor with regard to financial and strategic matters, including leading all negotiations with its lenders.
"We thank Scott Butera for his years of leadership," said Mashantucket Pequot Tribal Chairman, Rodney Butler, "He stabilized our financial footing through successful restructuring of debt, rebuilt our core management team and executed a deal with Tanager outlets that is expected to draw three million visitors annually to the property. Scott's efforts have repositioned Foxwoods as one of the Northeast’s most dynamic Gaming Resorts."
Butera joined Foxwoods in December 2010 as President and CEO. During his tenure, Butera led a successful debt restructure that was completed in July 2013.
"While it saddens me not to be with Foxwoods on a full-time basis," Butera stated, "I am very proud of what has been accomplished both financially and operationally. Foxwoods now has a strong executive team and a solid plan that I believe will result in great success in the near future. In addition, the many improvements to Foxwoods Resort including new rooms, retail, and food and beverage venues, as well as the ultimate opening of the Tanger mall in May 2015, provide world class amenities for our loyal patrons and team members."
About the Mashantucket Pequot Tribal Nation
The
Mashantucket Pequots are a native Algonquin people in Southeastern
Connecticut known for their “Pequot spirit of survival”. Their
unprecedented story can be relived in vivid detail at the Tribe’s
world-renowned Mashantucket Pequot Museum and Research Center. The
tenacity of the Mashantucket Pequots brought them through centuries of
persecution to economic prominence today. Since opening one of the first
Native American gaming halls in the country in 1986, the Mashantucket
Pequot Tribal Nation (MPTN) has also developed a host of lucrative
economic ventures including the Lake of Isles Golf Course and the Spa at
Norwich Inn. The MPTN is one of Connecticut’s highest state tax payers
and largest employers. The Tribe provides significant financial
contributions to state and local nonprofit organizations that support
neighboring communities. For a comprehensive look the
Mashantucket Pequot Tribal Nation, visit www.mptn-nsn.gov.
About Foxwoods ® Resort Casino
Foxwoods Resort
Casino is one of the premier entertainment destinations in the Northeast.
As the largest resort casino in North America, Foxwoods offers a vast
array of gaming in six casinos; AAA Four-Diamond hotels, restaurants
from gourmet to express, world-renowned spas, awarding-winning golf,
state-of-the-art theaters, and exclusive retailers. Perfect for both
recreation and business, Foxwoods provides modern and versatile
convention and meeting space to infuse new life into any meeting or
event. Foxwoods Resort Casino is owned and operated by the
Mashantucket Pequot Tribal Nation. For a comprehensive look at Foxwoods
Resort Casino and Mashantucket Pequot Tribal Nation visit Foxwoods.com.