January 15, 2019

CT casino Dec. slot revenues down slightly

Photo | Mohegan Sun
Photo | Mohegan Sun
Mohegan Sun's Vista Lounge at Wombi Rock.

Mohegan Sun and Foxwoods Resort Casino on Tuesday again reported a slight dip in December slot revenues.

Mohegan Gaming & Entertainment (MGE) said it recorded over $49.7 million in slot revenue last month, down less than a percent compared to the $50 million it recorded in Dec. 2017.

The amount slot bettors wagered in December, known as the "handle," was $632.9 million, up about $3.2 million vs. the $629.7 million wagered in the year-ago period.

MGE, which provides 25 percent of its slot profits to Connecticut, said it contributed over $12.4 million to the state's general fund last month.

The slight dip in slot revenues last month represents Mohegan's smallest year-over-year drop since MGM Springfield's first full month in operation in September.

Also Tuesday, Foxwoods said it netted $37 million in slot revenue in December, down 5.2 percent from the $39 million it recorded in the year-ago period.

The handle was $473.1 million, also down 1.5 percent from the $480.4 million wagered in the same month in 2017.

Foxwoods said it contributed $9.6 million to the state last month.

The Mashantucket-based casino has recorded year-over-year decreases in slot revenues each month since July.

Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

Today's Poll Should Connecticut legalize the recreational use of marijuana?<>
Most Popular on Facebook
Copyright 2017 New England Business Media