Mohegan Sun reported an 8.9 percent decline in slot revenue for the month of June 2009 when compared to June 2008. Last year, in June 2008, Mohegan Sun reported a 9 percent decline in slot revenue when compared to the month of June 2007.
In terms of dollars, June slot revenue was $61,830. This is the amount lost by customers at the slot machines in June. Last year, in June 2008, slot revenue was $67,829. The year before that, in June 2007, slot revenue was $74,532.
Even though June slot revenue declined 8.9 percent compared to last year, it has decreased 17 percent when compared to the month of June 2007 (two years ago).
Local media has noted that the revenue declines are not as steep as those seen at Atlantic City casinos. What is not reported in the local media is that gambling houses have been built in all of the states surrounding New Jersey, where Atlantic City is located.
Pennsylvania now has eight slot parlors. Slot parlors have also been built in New York and Delaware. With the addition of these new slot parlors, it isn't surprising that Atlantic City casinos are reporting steep declines in their gambling revenue.
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