April another down month for casinos

Foxwoods Resort Casino and Mohegan Sun sustained double-digit declines in slot-machine revenues for a second straight month in April.

Foxwoods reported today that it “won,” or kept, $39.8 million in slots wagers last month, down 10.5 percent over April 2013. Mohegan Sun won $46.7 million last month, a year-over-year decline of 11.3 percent.

In March, Foxwoods and Mohegan Sun recorded slots-revenue declines of 10.2 and 11.6 percent, respectively.

Amid the falling demand, Foxwoods has announced plans to shut down the slots in its Rainmaker Casino area on a weekly basis, from 4 a.m. Monday to 9 a.m. Friday, starting June 9.

In April, Foxwoods’ “handle,” the total amount wagered on its slots, fell 4 percent while Mohegan Sun’s handle tumbled 9 percent.

Foxwoods forwarded $10.8 million of its April win to the state. Mohegan Sun remitted $11.8 million.

 

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