Monday, December 15, 2008

Mohegan Sun's November Slot Revenue Down 5.3%

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Mohegan Sun's slot revenue declined 5.3 in November when compared to the same month last year while Foxwoods reported a decline of 7.6 percent, according to reports.

Mohegan Sun reported $66.8 million in slot revenue for November. Foxwoods reported November slot revenue of $54.5 million. Both casinos pay 25 percent of this amount to the state of Connecticut in exchange for a casino monopoly in the state.

Last month, Mohegan Sun reported a decrease of 9.1 percent in slot revenue for the month of October when compared to the same month last year while Foxwoods reported a decline of 7.5 percent in October slot revenue.

Slot revenue at both casinos continue to decline although both casinos have added significantly more slot machines in expansions that have opened since last year.