More changes at Foxwoods as three execs leave
Barry Cregan, senior vice president of resort operations; Steve Karoul, vice president of casino marketing; and Michael Rodriguez, vice president of analysis and planning, have left the company, Butera informed employees last Friday 13th by email, according to a published report in The Day.
"All three of those guys are talented executives who have done a great job for Foxwoods," Butera told the paper in an interview. "We're trying to make some changes, going in a different direction, and we have some young talent that's going to help us get there."
Butera, who came to Foxwoods from Atlantic City-based Tropicana Entertainment where he was also CEO, announced late last month the hiring of Taj Mahal executive Frank Leone as vice president of table games. Earlier this year, Robert Victoria, Foxwoods’ chief marketing officer resigned.
The latest changes as Foxwoods continued to post strong slot revenue results. Its 6,600 machines produced a 9.3 percent revenue gain in April, compared with last year’s 3.3 percent decline. Since its fiscal year started last July, Foxwoods has posted six monthly revenue increases. Its revenues of $57.1 million in April were just $4.2 million behind Mohegan Sun, which posted a 3.3 percent decline. Mohegan Sun has led Foxwoods in slot revenue for the last eight years.