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.