Thursday, June 16, 2011

Mohegan Sun Reports 6.2% Decline In May Slot Revenue, Foxwoods Reports About 1% Decline

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Connecticut's two Indian casinos reported declines once again in its slot revenue despite increasing free slot play promotions given to customers.

Mohegan Sun reported that customers lost about $61 million at the slot machines in May, a 6.2 percent decline compared to the same month last year, while Foxwoods reported a 0.9 percent decline to $55.9 million.

Players redeemed about $5.9 million in free slot play at Mohegan Sun and $7.3 million at Foxwoods. The state's cut of the casino's May slot take was approximately $31 million.

In related news, the U.S. Department of Interior announced yesterday that it rescinded a Bush administration policy that resulted in denials of some off-reservation casino applications. The policy led to a denial of off-reservation Indian casinos proposed for the Catskill region of New York and other areas of the nation, including a Mohegan-backed casino proposed by the Menominee Tribe in Wisconsin.