Casinos report double-digit declines in August slot revenue
By Brian Hallenbeck Published on 9/15/2009
Both Foxwoods Resort Casino and Mohegan Sun experienced double-digit declines in slot-machine revenue last month.
The Mashantucket Pequot Tribal Nation, which owns Foxwoods, including MGM Grand at Foxwoods, “won” $63.1 million at its slots, 13.3 percent less than in August 2008. It was Foxwoods' second straight month of 13 percent declines.
Foxwoods' August win was, however, only slightly lower than the $63.3 million it won in July, its high-water mark for the calendar year.
The Mohegan Tribal Gaming Authority, which operates Mohegan Sun, won nearly $69 million at its slots last month, an 11 percent decline over August 2008. The authority reported a 9 percent decline in July.
Mohegan Sun's May win of $69.9 million remains its high-water mark for 2009.
The Mashantuckets sent 25 percent, or $15.8 million, of their August win to the state Division of Special Revenue. The Mohegans' contribution totaled $17.2 million.
EDITORIAL FOOTNOTE: Again more losses, In August down again. Can't the Mohegan Tribal Council do anything to stop the losses? How long can the Mohegan Tribal Government continue taking these losses and continue to provide the benefits to the Mohegan Tribe? When are the cutbacks coming? What do you think?