Connecticut casinos post decrease in slot revenue

Connecticut casinos post decrease in slot revenue

Slot machine winnings decreased 12% last month when compared to April 2018. Credits: architecturalproducts.com

Foxwoods and Mohegan Sun reported a 12% year-on-year decline during April operations.

US.- The two tribal casinos in Connecticut have experienced underwhelming financial results in April. The casinos reported on Wednesday that their slot machine winnings decreased 12% last month when compared to April 2018.

Both Mohegan and Foxwoods have posted year-over-year decreases in slot machine revenue in 10 straight months, but April 2019 was by far the worst month for the Connecticut casinos.

Foxwoods Resort Casino totalled US$36.2 million in slots revenue after paying prizes, down from the US$41.2 million it reported in April 2018. On the other hand, Mohegan Sun reported US$45.2 million in slot revenue, down from US$51.4 million in 2018.

Revenues from Foxwoods and Mohegan have been affected by MGM Springfield, the casino located in neighbouring Massachusetts. The Massachusetts Gaming Commission reported that the faction totalled US$15.5 million in slots revenue last month and US$6.3 million in table-games revenue. However, slots revenue was also down in that facility 17% over the previous month.

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