Wednesday, July 15, 2009

Mohegan Sun, Foxwoods Both Report That June Slot Revenue Declined About 9%

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Slot revenues are continuing their decline at Mohegan Sun.

Mohegan Sun reported today that its slot revenue for the month of June declined 8.9 percent compared to last June while Foxwoods reported a 9.1 percent decline in its June slot revenue.

Mohegan Sun's slot recorded $61.8 million in June slot revenue and Foxwoods reported $57.8 million. Both casinos are required to pay 25 percent of these slot revenue totals to the state of Connecticut.

The Mohegan Tribal Gaming Authority, the Tribe's business arm, announced today that they will host a conference call with financial analysts on August 5, an event that generally coincides with MTGA's release of its quarterly income statement.