Foxwoods' slots revenue down 10 percent in October
Mashantucket — Foxwoods Resort Casino experienced a 10 percent decline in slot-machine revenue last month, the Mashantucket Pequot-owned casino announced Tuesday in a news release.
The casino reported that it kept $34.4 million in slots revenue after paying out prizes in October, 10 percent less than it kept in October 2017.
The year-over-year decrease follows a 5 percent decline in Foxwoods’ slots revenue in September. Mohegan Sun, which is not expected to release its October slots report until later this week, had reported a nearly 9 percent decline in its September slots revenue.
It’s not clear the extent to which the declines reflect the competitive impact of MGM Springfield, the nearly $1 billion resort casino that opened in late August in western Massachusetts, a few miles north of the Connecticut border.
MGM Springfield kept $18.1 million in slots revenue in September, its first full month of operation. Mohegan Sun kept $47.2 million in slots revenue in September; Foxwoods kept $38 million.
— Brian Hallenbeck
Stories that may interest you
The Connecticut Port Authority on Tuesday announced it plans to lease a five-acre parcel of railroad property adjacent to State Pier that will expand the port’s footprint in New London.
This is one of six recommendations the Connecticut Food Association issued to its members on Tuesday.
Oil firms will have to start imposing production cuts, and many probably will seek help from Washington.
Stocks climbed on Wall Street Monday, led by big gains for health care companies announcing developments that could aid in the coronavirus outbreak