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Sunday, July 17, 2016

Region's casinos post lower slot revenues in June

Region's casinos post lower slot revenues in June

By Joe Grogan

Posted Jul. 15, 2016

Mohegan Sun Casino and Foxwoods Resort Casino both posted lower slot activity in June than for the month prior.
Foxwoods’ $35.3 million profit, or win, was down 8 percent from May, while Mohegan’s $45.7 million win was 11 percent lower, reports show. The casinos handled a combined $1 billion in slot play during June, down from May’s $1.1 billion.
Players in June wagered about $60 million less on the casinos’ slot machines than they did over the same period last year.
But the casinos still contributed $20.3 million to Connecticut’s Special Revenue Fund. Mohegan paid the state $11.4 million in June and Foxwoods paid $8.9 million.
Under a 1992 agreement with the state, the Mashantucket Pequot Gaming Commission and Mohegan Tribal Gaming Authority give 25 percent of their monthly slot winnings to Connecticut.
Both casinos are deep into expansion projects, with Mohegan eyeing a non-gambling resort project on the site of the former Norwich Hospital in Preston and Foxwoods working on a new location in Biloxi, Miss.

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