Wednesday, September 17, 2008

Mohegan Sun's Free Play Promotions At Highest Level In August

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Patrons at Mohegan Sun used over $4 million in promotional free-play credits in August, marking the promotion's most expensive month yet since the casino began the promotion last November.

On Monday, Mohegan Sun announced that its August slot machine revenue declined by about 7 percent when compared to August 2007.

In 2007, the entire Labor Day weekend landed in September while this year, the Saturday and Sunday of Labor Day weekend were the last two days of August. The opening of the Casino of the Wind took place on the Friday before Labor Day weekend, which added hundreds of slot machines to the Mohegan Sun complex but none of these factors were enough to stem the decline in slot revenues.

According to the state of Connecticut's slot machine statistics schedule, about $4.2 million in free-play promotions were used in August at Mohegan Sun while $5.2 million was used at Foxwoods. The promotions are used to lure patrons to the casinos.

Foxwoods' slot machine revenue for the month of August increased by just over 1 percent when compared to August 2007. Foxwoods also added hundreds of slot machines since August 2007, when its MGM Grand at Foxwoods opened in mid-May.

Mohegan Sun reported $77.5 million in August slot machine revenues while Foxwoods reported $72.8 million. Out of these revenues, both casinos pay the state of Connecticut 25 percent.

Foxwoods began offering the promotion about a year earlier than Mohegan. Last December, Foxwoods hit the high mark in this type of promotion when $23 million in free-play promotions were redeemed.

Note: Readers can see the full slot statistics report by scrolling down on the righ-hand side of the blog to the section entitled "Other Sites." Under that section, click on the links called "CT Slot Stats - Mohegan" and "CT Slot Stats - Foxwoods."