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Mohegan Mohegan Gaming & Entertainment reported a sizable downturn in quarterly earnings Thursday but promised an eventual turnaround when the COVID-19 pandemic’s impact on the casino industry wanes.
The tribal company’s net revenues in the three months that ended Dec. 31 the first quarter of MGE’s 2021 fiscal year fell to $230.8 million from $399.1 million in the same period the previous year, a decline of 42.2%. Mohegan Sun, MGE’s flagship casino, posted net revenues of $165.9 million in the quarter, down from $243.3 million, a decline of $31.8%.
Mohegan Sun’s gaming revenues during the quarter were down by 22%. Nongaming revenues were off by 51%.
As a business reporter, I write about small businesses opening and closing, manufacturing, food and drink, labor issues and economic data. I particularly love writing about the impact of state and federal policy on local businesses. I also do some education reporting, covering colleges in southeastern Connecticut and regional K-12 issues.
Erica Moser
As a business reporter, I write about small businesses opening and closing, manufacturing, food and drink, labor issues and economic data. I particularly love writing about the impact of state and federal policy on local businesses. I also do some education reporting, covering colleges in southeastern Connecticut and regional K-12 issues.
By Carl O Donnell (Reuters) - When the U.S. government began shipping COVID-19 vaccines in December, state health providers could not administer shots fast enough to keep pace with deliveries and millions of doses sat waiting for arms. Two months later, the situation has reversed. Supply constraints are slowing ambitious vaccination programs, as massive sites capable of putting shots into thousands of arms daily in states including New York, California, Florida and Texas, as well as hospitals and pharmacies, beg for more doses. Nearly a dozen state and local officials told Reuters they could vaccinate up to four times more people, but federal vaccine shipments remain frustratingly small. Two months into the vaccine rollout, most states have received enough doses to vaccinate fewer than 10% of their residents. With deliveries based on population, most states receive fewer than a 100,000 doses per week of the Pfizer Inc/BioNTech SE and Moderna Inc vaccines that both require two shots. St
Stonington Parents pleaded with the school board Thursday night to allow students to return to full in-person classes instead of the hybrid mode that has been used since September.
They told the board the current instruction mode in which students go to school in person two days a week and learn remotely three days a week has led to students not being engaged in learning, being left behind academically and increased cases of anxiety, depression, eating disorders and other problems.
Others said data support the safety of full-time in-person learning. They challenged school officials and staff to creatively deal with issues such as staffing in order to get students back in class full time and asked why other school systems, such as East Lyme, are returning to in-person learning.
DUBAI (Reuters) - At least 400,000 Yemeni children under 5 could die of starvation this year without urgent intervention amid soaring rates of severe malnutrition driven by war and the coronavirus pandemic, four U.N. agencies said on Friday. The warnings come nearly six years after the outbreak of war that rendered 80% of the population reliant on humanitarian aid. In a report published on Friday, the agencies projected a 22% increase in severe acute malnutrition among children under 5 in Yemen, compared to 2020. Severe acute malnutrition means there is a risk of death from lack of food. Aden, Hodeidah, Taiz and Sanaa are among the worst-hit areas, the report said. These numbers are yet another cry for help from Yemen where each malnourished child also means a family struggling to survive, World Food Program (WFP) Executive Director David Beasley said in a joint statement with the Food and Agriculture Organisation(FAO), UNICEF and the World Health Organisation (WHO). Another 2.3 millio