Conn. casino revenues continue downward slide
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THE ASSOCIATED PRESS
Published: November 17, 2008
MASHANTUCKET, Conn.—Slot machine income at the two Indian-run casinos in Connecticut continued to decline in October, although the drops were less steep than September’s double-digit decreases.
Foxwoods Resort Casino and MGM Grand at Foxwoods reported a net slots win of $57.1 million in October. That was down nearly 7.5 percent - or about $4.6 million - from October 2007.
Mohegan Sun’s slot profits were slightly higher at $65.4 million, down $6.5 million from October 2007. That’s a 9 percent decrease.
The casinos pay 25 percent of their slot profits to the state, so Connecticut’s budget is affected by casino revenue decreases.
Mohegan Sun is in Uncasville and owned by the Mohegan Tribe. Foxwoods is near Ledyard and owned by the Mashantucket Pequot Tribal Nation.
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