What is Foxwoods competition?
This market is literally a duopoly – two of the biggest casino operators in the world (Foxwoods and Mohegan Sun) going after much of the same talent pool. But it’s not in both our best interest to over react to buying talent. There are those who try and pressure us into a competitive panic buy, and we just won’t do that. We’re smart operators, and today we’re more in control of what we want. If I hear, “I know I can get more over there,” then I say, “go there.” But, that’s rare. I’ve known most of the players for years, and they’re good friends. They would not put me in that situation. The good news is that between Foxwoods and Mohegan, we’re bringing in more entertainment than most Las Vegas and Atlantic City casinos. So from that standpoint, competition is a good thing. The weather, the economy, homeland security alerts, other casinos, arenas and sometimes our own success, are also our competition. People say that we’re recession proof. That’s not so. We’re resistant to a recession,
