Slots income tumbled in April

Slot-machine revenues at Foxwoods Resort Casino and Mohegan Sun tumbled by double digits last month, falling 13.4 and 10.8 percent, respectively.

Foxwoods, including MGM Grand at Foxwoods, reported that it "won" or kept $49.5 million wagered on its machines in April, down from $57.1 million in the same month in 2011. Mohegan Sun's win last month was $54.9 million, down from $61.6 million in April 2011.

Foxwoods' "handle," the total amount pumped into its machines, was $600 million in April, a 14.2 percent decline.

"We experienced a decline on revenues in April 2012 compared with the same month last year, which had the benefit of an additional Friday and Saturday," Scott Butera, Foxwoods' CEO, said in a statement. "Similar to other retail and consumer-based companies, the softness in April revenues comes on the heels of a fairly robust first quarter, so we remain cautiously optimistic about upcoming periods."

Foxwoods forwarded $13.5 million of its slots win to the state while Mohegan Sun contributed $14.3 million.


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