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Tuesday, April 16, 2013

Connecticut Casinos Monthly Slot Revenues Continue Slide

When a state is addicted to Gambling Revenues --

FACT:  the 15th straight month of year-over-year revenue declines.

[Still sucking outrageous amounts of $$$  out of the economy.]



Connecticut Casinos Monthly Slot Revenues Continue Slide

 
Connecticut's casinos reported Monday that their take from slot machines was down again in March compared with the same month in 2012 – the 15th straight month of year-over-year revenue declines.




Foxwoods Resort Casino in Mashantucket reported slot revenue of $49.6 million in March, down 5.7 percent compared with the same month in 2012. The total amount wagered at Foxwoods, called the slots' handle, was $595.2 million, down 6.7 percent from the same month a year ago.

At Mohegan Sun in Uncasville, slot revenue of $58.68 million was down 1 percent from March 2012. Mohegan's handle was $700.7 million, down 1 percent from the same month a year ago.

The casinos contribute 25 percent of their slot revenues to the state each month. For March, Foxwoods contributed $12.7 million to the state's special revenue fund, and Mohegan Sun contributed $14.7 million.

http://www.courant.com/business/hc-casino-revnue-foxwoods-mohegan-20130415,0,694618.story

 

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