Scott Butera, the CEO fo Foxwoods Resort Casino, will step down at the end of October to pursue a non-gaming opportunity, the casino’s owners announced.
The Mashantucket Pequot Tribal Nation announced Wednesday that Butera will remain with the casino as a senior adviser with regard to financial and strategic matters, including leading all negotiations with lenders.
Butera joined Foxwoods in 2010 and led a restructure of the casino’s debt in 2013, helping it to recover from the cost of adding a second casino resort tower just before the Great Recession impacted its revenues.
Foxwoods did not name an immediate replacement or interim CEO. Butera said he would pursue a rare opportunity outside the gaming industry, although he did not provide details.
