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Monday, June 16, 2014

Saturated Gambling Market Declining Mohegan Sun Revenues


While they still sick an inordinate amount of $$$ from the LOCAL economy, everyone complains .....



Gee....what could we do if that $$$ were used to actually create jobs?

Mohegan Sun Reports Lower Slot Revenues For May 



Mohegan Sun on Monday reported a decline in slot revenue for the month of May, continuing a downward trend as Connecticut casinos compete with new and expanded gambling options in other states.

Mohegan Sun in Uncasville reported $51.7 million in revenue from slots last month, down 5.8 percent from the same month in 2013 when the casino brought in $54.9 million. The total amount wagered at Mohegan Sun, called the slots' handle, was $637.08 million last month compared with $655.4 million in May 2013.

The casinos contribute one-fourth of slot revenues to the state. Mohegan Sun contributed $13.06 million for last month, down from $13.7 million for May 2013.

Slot results for Foxwoods Resort Casino are expected to be released today.

http://www.courant.com/business/hc-slot-revenue-may-mohegan-sun-foxwoods-20140616,0,4397857.story

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