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Analysts: Mohegan Sun could see more layoffs

20 September 2010

OHEGAN, Connecticut -- Last week Mohegan Sun announced the elimination of 475 positions resulting in 355 layoffs, analysts predict the property could see more, The Day reported.

The Day newspaper quoted an unnamed analyst who suggested while the layoffs reduce costs it may not be enough to satisfy lenders, the report said.

Mohegan's CEO Mitchell Etess rebuked the analyst's view saying the company believed there would be no more layoffs, The Day said.

Mohegan Sun need to refinance parts of a $1.6 billion debt load, The Day report noted.

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