Connecticut casinos’ slot revenues continue tumble in April

Connecticut casinos’ slot revenues continue tumble in April

JOHN HAEGER-ONEIDA DAILY DISPATCH @ONEIDAPHOTO ON TWITTER Technicians work to ready new, state-of-the-art cash-play slot machines, on in February 2014 in Oneida for Turning Stone Resort and Casino in New York state.

By The Associated Press

Posted: 05/15/14

 

HARTFORD >> Connecticut’s two Indian-run casinos say slot machine revenue fell in April, continuing a long-running tumble.

Foxwoods reported Thursday that the share of wagers, known as revenue, was $39.8 million, down 10 percent from April 2013. Total slot machine wagering at the Mashantucket Pequot tribal casino was nearly $508 million, down 4 percent.

The Mohegan Sun reported revenue of $46.7 million in April, down 11 percent from last year. Total wagering was $571.2 million, a 9 percent drop from $627.5 million.

Slot machine revenue has declined at both casinos as customers have reduced spending in the recession and weak recovery and competition becomes more intense with the opening of casinos across the Northeast. Foxwoods Resort Casino has announced plans to cut some hours of operation on a portion of its gambling floor.

http://www.registercitizen.com/general-news/20140515/connecticut-casinos-slot-revenues-continue-tumble-in-april