Mohegan Sun and Foxwoods Report Big Declines in Slot Revenue
Both Foxwoods Resort Casino and the Mohegan Sun reported double-digit declines in slot-machine revenues for August, when tropical storms from Hurricane Irene and the ongoing economic slack brought business down, reported The Norwich Bulletin.
Foxwoods' (including its sister property MGM Grand at Foxwoods) slot revenue fell 11.8 percent for the month. The casino's slot "win"—its profit after paying off the winning gamers—totaled $52.2 million compared with $59.2 million in August 2010, reported the Bulletin from figures on file with the Connecticut Department of Consumer Protection.
The casino's "handle," or total slot machine intake, fell 12.4 percent. Foxwoods handle for August came to $632 million compared to $721.8 million the year prior.
The nearby Uncasville, Connecticut-based Mohegan Sun reported revenues down by 10.6 percent to $59.9 million for August. Mohegan's handle for the month fell 15.4 percent to $724.2 million, reported the Bulletin.
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