 It is estimated that the combined competitive impact of the planned new casinos in Massachusetts and New York will displace approximately $570.0 million in gross gaming revenue from Mohegan Sun. (PRESS RELEASE) - Foxwoods Resort Casino is reporting slot revenue of $26.1 million for the month of October 2020. This results in a $6.5 million direct payment to the State of Connecticut in accordance with the Mashantucket Pequot Tribal Nation’s long-standing slot revenue contribution agreement.

Company: Foxwoods Resort Casino, Mashantucket, CT
Entry Submitted By: The Zimmerman Agency
Company Description: 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.
Nomination Category: Management Awards Categories
Nomination Sub Category: Executive of the Year - Hospitality & Leisure

Tell the story about what this nominee achieved since January 1 2012 (up to 525 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:

Scott C. Butera currently serves as President and CEO of Foxwoods Resort Casino, the largest resort casino in the United States with $1.2 billion in annual revenue. In his role, Butera oversees all aspects of resort business operations including its gaming, hospitality, retail and entertainment. Butera is also the principal architect of a comprehensive restructuring of Foxwoods’ balance sheet.

Resort

Under his leadership, Foxwoods has responded smartly to recent economic and competitive challenges. Foxwoods has secured its financial positioning and achieved new levels of profitability by tightening its operations, renewing its customer service focus, and repositioning its consumer brand as a destination that is “Anything But Ordinary.”

Butera is a highly regarded restructuring specialist who also possesses a keen operating sense. Both were evident in 2012 as Butera forged tentative agreements with creditors to ease Foxwoods $2.7 billion debt burden and moved to set the casino company on a path toward sustained profitability. Under Butera’s lead, the debt restructuring, a complex affair involving more than two dozen creditors, proceeded to potential resolution throughout the year and culminated with an exchange offer in early 2013 that would trim the property's debt load to about $1.7 billion.

Foxwoods Resort Casino Annual Report Date

Equally important, Butera engineered agreements designed to help Foxwoods develop responses to a dramatically altered gaming landscape. Faced with competitive threats from newly enacted gaming legislation in New York and Massachusetts, Butera sought ways to expand the Foxwoods visitor experience. A new retail complex is among the highlights of the effort along with revamped player awards programs, regionalized consumer marketing and a push to gain a greater share of convention and meeting business in the northeast. In addition, Butera looked to expand the Foxwoods brand through investments in new gaming markets. One of those investments involves a push to win approval for a license to develop a casino property in neighboring Massachusetts where Foxwoods already has high name recognition and a loyal customer following. Another investment is expected to put Foxwoods in a position to capitalize on the emergence of Internet gaming. The sluggish economic recovery and the availability of new gaming products in the region produced a challenging 2012 business environment for Connecticut casinos. Butera met the resulting pressure on revenues by carefully managing the Foxwoods workforce without diminishing morale or Foxwoods’ award winning service levels.

Prior to joining Foxwoods, Mr. Butera was President and Chief Executive Officer of Tropicana Entertainment Inc. and also served on Tropicana’s Board of Directors. He was primarily responsible for Tropicana’s successful financial and operational restructuring. Tropicana represents his second multi-billion dollar restructuring in the gaming industry. When he joined Tropicana in March 2008, the Company had just been denied a gaming license renewal in New Jersey and was overleveraged and in danger of liquidation. Mr. Butera achieved a number offinancial and operational accomplishments that created a healthy and competitive company. These included navigating the Company through an efficient Chapter 11 restructuring, eliminating approximately $2.5 billion in indebtedness, securingapproximately $67 million in debtor-in-possession financing and raising $150million of exit financing. In addition, Mr. Butera attracted new financially stable ownership through extensive negotiations with creditors.

Provide a brief (up to 125 words) biography about the nominee:

Scott Butera serves as President and CEO of Foxwoods Resort Casino, a position he has held since December 2010. The largest resort casino in the United States, Foxwoods earns $1.2 billion in annual revenue, with 2,230 hotel rooms, 150,000 sq. ft. of meeting space, more than 6,300 slot machines, 350 table games and 8,000 employees. In his role, Butera oversees all aspects of resort business including gaming, hospitality, retail and entertainment operations. Prior to joining Foxwoods, Butera was President and CEO of Tropicana Entertainment where he led the company out of Chapter 11 and successfully guided restructuring programs as an executive at Cosmopolitan and Trump Entertainment. Butera was also a leader in gaming, real estate and investment banking operations at UBS and Bear Stearns.

MASHANTUCKET, Conn.--(BUSINESS WIRE)--Foxwoods® Resort Casino has reported slot revenue of $38.3 million for the month of October 2017. This figure is up 3.4 percent compared to $37 million in October of 2016. Handle for the month was $488.1 million, up .9 percent from the $483.5 million wagered in the same month in 2016.

Foxwoods Resort Casino Annual Report 2020

Since 1993, the Mashantucket Pequot Tribal Nation has infused over $4 billion of Foxwoods’ slot revenue into the Connecticut state economy through the Mashantucket Pequot Fund, supporting much-needed programs and services throughout Connecticut. Foxwoods’ contribution to the state in October 2017 is $9.9 million.

Foxwoods guests won big in October including at the Foxwoods Bingo Hall where three lucky winners took home their share of the Oktoberfest Bingo $1,000,000 jackpot! The excitement continued as football fans from far and wide participated in the $300,000 Pro Football Challenge where the contestant with the most correct NFL picks each week walks away with $2,500. The competition runs all season long and if you correctly select 194 or more games during the season, you could win the $250,000 Grand Prize!

World-class entertainment abounded all month long at the state-of-the-art Grand and Fox Theaters with mesmerizing performances from pop icon Mariah Carey, soul legend Patti LaBelle, international sensation Ricky Martin and celebrity chef Alton Brown among others.

October is National Breast Cancer Awareness Month and Foxwoods and the Tanger Outlets were proud to bring back the annual PinkSTYLE shopping program. Throughout the month, guests who purchased a $10 Pink Card unlocked 25 percent off discounts at participating stores in the Tanger Outlets at Foxwoods with proceeds benefiting the Breast Cancer Research Foundation and the L&M Waterford Smilow Hospital Care Center.

The giving continues at Foxwoods this November, as the property’s annual “Stuff the Bus” campaign returns to support the United Way of Southeastern Connecticut and its “Tommy Toy” Fund program. Until December 11, unwrapped toys, blankets, pajamas, jackets and diapers will be collected daily from 8:00 a.m. until 12:00 a.m. at the Foxwoods Bus Terminal as well as at all Foxwoods hotel lobbies and select locations in the Tanger Outlets at Foxwoods.

Mbt Worldwide Foxwoods Casino

November’s entertainment slate is off to a dazzling start thanks to an extended run of MINDFREAK LIVE! starring Criss Angel and unforgettable shows from Evanescence and Lindsey Stirling. Lager lovers drank in the second annual Foxwoods On Tap which featured 150-plus craft beers from over 70 of America’s best craft breweries. Later this month, guests can enjoy performances from pop supergroup 98° and comedy all-stars Tracy Morgan and Mike Birbiglia. Tickets for all events can be purchased at foxwoods.com.

Check off the holiday shopping list while cashing in at Foxwoods this month with Shop, Dine & Win. From November 17 through December 21, guests will receive a $10 gift card to Guy Fieri's Foxwoods Kitchen + Bar for every for every $100 spent daily at the Tanger Outlets at Foxwoods. One lucky winner will receive a Tanger Outlets at Foxwoods gift card worth up to $5,000 and five others will each win a Tanger Outlets at Foxwoods gift card valued at $1,000!

Foxwoods Resort Casino Bingo Schedule

About Foxwoods Resort Casino

25 Years Proud: Since 1992, Foxwoods Resort Casino has offered guests The Wonder Of It All as the premier resort destination in the Northeast. As the largest resort casino in North America, Foxwoods offers a vast array of gaming in seven casinos; AAA Four-Diamond hotels, restaurants from gourmet to quick service, world-renowned spas, award-winning golf, state-of-the-art theaters, exclusive retailers and free-to-play online casino games at FoxwoodsONLINE.com. Foxwoods is owned and operated by the Mashantucket Pequot Tribal Nation and was the first full-service casino built on tribal land, pioneering a nationwide movement that now includes more than 400 gaming properties owned and operated by over 200 tribes across the U.S. For more information on Foxwoods and the property’s 25th anniversary celebrations, visit foxwoods.com.

About the Mashantucket Pequot Tribal Nation

Foxwoods Resort Casino Annual Report Date

The Mashantucket Pequots are a native Algonquin people in southeastern Connecticut who endured centuries of conflict and survival on the oldest continuously occupied reservation in the U.S. (est. 1666). As the first native people within the continental United States to survive attempted genocidal massacre by European immigrants (1637), the Mashantucket Pequots have an unprecedented story of restoration, which is exhibited at their world-class Museum and Research Center (www.pequotmuseum.org). For more information, visit www.mashantucket.com.

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