Wednesday, April 16, 2008

Slot Revenues Continue To Decline At Both Connecticut Indian Casinos

Feather News


Slot machine revenues continued to decline at both Connecticut Indian casinos for the month of March. Last month's decline at Mohegan marked seven consecutive months of lower slot revenues.

Mohegan Sun reported a 1.4% decline in slot revenues for the month of March while Foxwoods was off by about 14%. Mohegan Sun's slot revenues for March was $76.8 million while Foxwoods reported slot revenues of $60.8 million, according to unofficial sources.

The casinos pay 25% of their slot revenues to the state of Connecticut.

A more complete analysis will be written once all pertinent figures are posted to the State of Connecticut website, such as slot handle and promotional give-aways.


Note: The following are links to the Connecticut Department of Special Revenue's web site. Once on the web site, go to the bottom of the page for the latest reporting periods. The web site was updated for the month of March after this article was written. Of note is that for the first month, Mohegan Sun's promotional give-aways exceeded that of Foxwoods:

Mohegan slot machine historical results since inception:
http://www.ct.gov/dosr/lib/dosr/Mosltweb.pdf

Foxwoods slot machine historical results since inception:
http://www.ct.gov/dosr/lib/dosr/Fosltweb.pdf