Mohegan Sun slot revenue tumbled, too
Mohegan Sun reported Friday that its January slot-machine revenue was 9.4 percent less than it was the same month a year ago, joining Foxwoods Resort Casino, which reported similarly dismal results the previous day.
Mohegan Sun kept $40.7 million in slots revenue in January, its lowest monthly total since January 2001, when it kept $39.7 million.
Foxwoods kept $31 million in slots revenue last month, an 8.5 percent year-over-year decline and its lowest one-month total in 25 years.
Both casinos have experienced seven straight months of year-over-year declines in slots revenue.
In Massachusetts, state gaming regulators released January revenue figures for MGM Springfield, the new resort casino battling the southeastern Connecticut casinos for a share of the region’s gaming market. MGM kept $13.1 million in slots revenue last month, an 8.1 percent decline over December. The nearly $1 billion facility opened Aug. 24.
MGM Springfield, which also reports its table-games revenue on a monthly basis, kept $6.6 million wagered at its tables in January, down significantly over the previous month.
The Connecticut casinos, whose table-games revenue is not subject to taxation, only reveal such revenues in quarterly filings.
On Thursday, Rodney Butler, the Mashantucket Pequot tribal chairman serving as Foxwoods’ interim chief executive officer, attributed the sizable decline in January slots revenue to bad weather and the lure of sports betting at Rhode Island casinos. He minimized the effect of MGM Springfield.
In a statement, Michael Mathis, MGM Springfield’s president and chief operating officer, did not directly comment on the declines in gaming revenue.
“As we enter our sixth month of operation, we continue to gain valuable insights on the market,” he said. “Our business strategy continues to evolve as our relationship with existing customers grows, and as thousands of new guests enter our loyalty program. ... We remain grateful for the ongoing support of the New England region and look forward to an exciting 2019 bringing more great shows to downtown and introducing legalized sports betting for the first time in the Commonwealth.”
Plainridge Park, a slots-only facility in Plainville, Mass., kept $12.4 million in slots revenue in January, nearly as much as MGM Springfield.
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