Wednesday, April 15, 2009

Mohegan Sun March Slot Revenue Declines About 15%; Foxwoods Increases 1%

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The Mohegan Sun casino reported a 14.6 percent drop in its slot machine revenue for the month of March compared to March of 2008 while Foxwoods slot revenue increased 1.3 percent in March.

Mohegan Sun's percentage of the total Connecticut market share of March slot revenues dropped significantly for the second straight month. Mohegan's slot machine market share was 51.6 percent this March compared to 55.8 percent in March of 2009.

The total Connecticut market share for slot revenue in March was $127.2 million (comprised of $65.6 million for Mohegan Sun and $61.6 million for Foxwoods) whereas the year before in March 2008 the total spent at the slots at both casinos was $137.5 million (comprised of $76.7 million for Mohegan Sun and $60.8 million for Foxwoods).

March was the second consecutive month of slot revenue increases recorded at Foxwoods casino.

The amount of free slot play for March has not yet been posted to the state of Connecticut's website but for the month of February, Foxwoods gave out substantially more free slot play to its customers. In February, Foxwoods gave out approximately $3.9 million in free slot play, or approximately eight times the amount given away by the Mohegan Sun in free slot play ($450,000).