Wednesday, January 13, 2010

Mohegan Sun And Foxwoods Slot Revenue Report For December Due This Week

Feather News

Foxwoods and Mohegan Sun are due to release their December slot revenue figures for the month of December later this week.

Two new events will surely have had some effect on the December numbers that will be reported by the two Indian casinos. A snowstorm dumped close to two feet of snow in southeastern Connecticut during one weekend in the middle of the month and December marked the first full month of round-the-clock slot machine play at the Twin Rivers gaming facility in neighboring Rhode Island.

Twin Rivers, one of two racetrack-slot parlors in Rhode Island, was approved to remain open 24 hours a day since mid-November whereas previously it could only operate round-the-clock on weekends and holidays.

Atlantic City´s casinos reported a 12.5 percent decline in December slot revenue when compared to December 2008. Atlantic City experienced the same snowstorm that hit Connecticut during December. For the entire year, slot revenue at Atlantic City´s 11 casinos declined 13.1 percent. Last year was Atlantic City´s worst year and the first time that revenue declines were in the double digits in year-over-year comparisons.

Atlantic City´s casinos have been hit hard by expanded gambling in neighboring states, the latest bullet being the legalization of table games in Pennsylvania. Two casinos have also yet to open in Philadelphia, Pa., about an hour drive from Atlantic City.

In the slot revenue reports for November that were issued last month, Mohegan Sun reported a 10.8 percent decrease in November slot revenue while Foxwoods reported a 1.4 percent decline.