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Oct. betting, revenue lower at Connecticut casinos

Las Vegas Review-Journal · November 17, 2014 at 10:33 am

HARTFORD, Conn. (AP) – Connecticut’s Indian-run casinos are reporting declines in slot machine betting and revenue in October.

Mohegan Sun said Monday total slot machine bets last month totaled $581.9 million, down from $592.7 million in October 2013. The share of wagers known as revenue was $48.9 million in October, down from about $49 million in the year-ago month.

Foxwoods Resort Casino said total slot bets were $477.2 million, down from $480.7 million. Slot revenue of $39.7 million was down from $42.1 million in October 2013.

Betting and revenue have fallen steadily due to increasing competition and continuing weakness in consumer demand.

Mohegan Tribal Gaming Authority Mitchell Etess recently suggested an alliance with Foxwoods to build a third casino in Connecticut near the Massachusetts line to compete with casinos opening in the Bay State.

 

Copyright 2014 The Associated Press.

Trackbacks

  1. The Adams Daily Report – November 17, 2014 says:
    November 17, 2014 at 2:31 pm

    […] Betting (coin-in), revenue (win) lower at Connecticut casinos Connecticut (results) – Associated Press – Mohegan Sun total slot machine bets last month totaled $581.9 million, down from $592.7 million in October 2013. The share of wagers known as revenue was $48.9 million in October, down from about $49 million in the year-ago month. Foxwoods Resort Casino said total slot bets were $477.2 million, down from $480.7 million. Slot revenue of $39.7 million was down from $42.1 million in October 2013. Associated Press – CDC newsroom […]

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