Slot revenue rises in Connecticut
The two tribal casinos in Connecticut, Mohegan and Foxwoods, registered an increase in slot revenue during January activities.
US.- The two tribal casinos in Connecticut registered better slot revenues in January after an important setback in December. The facilities reported increases in both revenue and handle during last month’s operations.
Mohegan Gaming & Entertainment revealed that its casino achieved US$43.8 million in slot revenue in January, a 7.6% rise compared to the US$40.7 million posted during the same month in 2018. It also represents a 111.7% increase over December’s results. Handle was US$529 million, or a 5.5% rise from 2018.
Foxwoods Resort Casino, operated by the Mashantucket Pequot tribe, reported slot revenues of US$32.5 million, a 4.6% increase from 2018 and a 9.2% rise from December. Handle was US$401.6 million, or a 6% hike from January 2018.
December’s results
The casinos reported a double-digit revenue decline in December: slots revenue fell 10%, putting a stop to a short positive trend in Connecticut.
Foxwoods Resort Casino and Mohegan Sun had achieved good performances in October and November, but they came after 15 months os straight losses. With December results in, Connecticut facilities reported 10 months of bad results in 2019.
Foxwoods registered US$33.6 million in slots revenue, or a 10.1% decline over the US$37 million that it posted in December 2018. Mohegan Sun’s figure was slightly worse as it generated US$43.9 million but an 11.8% decline over the US$49.8 million from 2018.
