Monday, March 16, 2009

Mohegan Sun Loses Slot Machine Market Share In February

Feather News
March 16, 2009

The Mohegan Sun reported $62.8 million in slot machine revenue for the month of February, $4.8 million more than the $58 million reported by Foxwoods for that month.

In February 2008, the year before, Mohegan Sun reported $70 million in slot machine revenue while Foxwoods reported $57.5 million.

We reported a few days ago the February slot figures but this article takes a look at some other slot statistics.

Mohegan Sun's market share of the slot machine revenue pie shrunk dramatically this February compared to the same month last year, to 52 percent of the total slot revenue at both facilities compared to 55 percent the year before.

Both casinos have undergone expansions since February 2008. Mohegan Sun added about 650 slot machines in their Casino of the Wind expansion in August while Foxwoods added about 1,400 slot machines in their MGM Grand expansion last May.

Foxwoods now has about 8,000 slot machines, the largest number of slot machines of any gaming property in the country. Mohegan Sun has about 6,800 slot machines, making that location the second largest in the country in terms of the number of slot machines. The slot parlor at the Twin River greyhound racetrack in Rhode Island now has 4,750 slot machines after an expansion completed last year, making that location the fifth largest slot machine facility in the country.

The slot parlor in Yonkers and Ballys in Atlantic City are number 3 and 4, respectively, in terms of the number of slot machines, according to a report issued by the University of Massachusetts Dartmouth’s Center for Policy Analysis.