CEO Of Foxwoods Resort Casino Resigns

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Scott Butera, the CEO of the Foxwoods Resort Casino, is resigning his position effective Oct. 31.

Butera will pursue “a rare opportunity outside of the gaming industry,” according to a press release from the Mashantucket Pequot Tribal Nation. He will stay with Foxwoods as a senior adviser on financial and strategic matters and will continue all negotiations with lenders.

According to the press release, Butera helped stabilize the resort and casino’s financial situation through a debt restructuring¬†and rebuilding the management team.

In May 2015 a Tanger Outlets mall will open at the resort, which is expected to bring in three million visitors annually.

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