Casinos took another big hit last month

Foxwoods and Mohegan Sun reported today that their slot-machine revenues were down significantly in May, falling by 9.8 and 9.1 percent, respectively, compared to the same month in 2011.

The results were not quite as bad as those reported for April, when Foxwoods’ slots “win” — the amount of wagers the casino keeps — tumbled 13.4 percent and Mohegan Sun’s fell 10.8 percent.

Foxwoods’ May win was $50.4 million; Mohegan Sun’s was $55.4 million.

“Weak and uncertain economic conditions continue to impact our customers and our slot business,” Scott Butera, Foxwoods’ president and chief executive officer, said in a statement.

Butera said the  Mashantucket Pequot-owned casino believes a strong lineup of summer entertainment will help boost business in upcoming months. Such acts as Jerry Seinfeld, Kenny Rogers and Boyz II Men “traditionally have strong customer appeal in the region and beyond,” he said.

Hide Comments


Loading comments...
Hide Comments