Thursday, October 15, 2009

Mohegan Sun Reports 11.3% Decline In September Slot Revenue, Foxwoods Reports 2.8 Percent Decline

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The Mohegan Tribal Gaming Authority reported today that its September slot revenue declined 11.3 percent when compared to the month of September 2008 while Foxwoods reported a decline of 2.8 percent.

Since the Mohegan Sun opened its Casino of the Wind expansion at the end of August 2008, the September slot revenue report is the first to compare current monthly figures with a prior period that includes the approximately 650 slot machines that went into operation when the Casino of the Wind opened.

The comparison that is always done with the same month in the prior year is now more of comparing "apples to apples" because the comparison is between two periods that include about the same number of slot machines in operation.

Casinos had an extra boost this September because Labor Day weekend landed in September whereas last year the holiday weekend was in August.

In terms of dollars, slot revenue for the month of September at Mohegan Sun was $59.4 million and Foxwoods was $54.8 million. Both casinos pay 25 percent of their slot revenue to the State of Connecticut.

Figures for free slot play promotions at both casinos, given away to lure customers, were not available at this time.