Foxwoods reports 8 percent decline in March slots revenue

Get the weekly rundown
Sign up to receive our weekly BizBuzz newsletter

Mashantucket — Foxwoods Resort Casino’s slot-machine revenue declined by 8 percent in March compared to the same month the previous year, data released Monday show.

The casino, along with its southeastern Connecticut rival, Mohegan Sun, has experienced nine straight months of year-over-year decreases in slots revenue, a slide attributed in part to competition from MGM Springfield, the nearly $1 billion resort casino that opened last summer in western Massachusetts.

Mohegan Sun reported Friday that its March slots “win” was down 6.7 percent.

Foxwoods kept $40.1 million in slots revenue last month after paying out prizes. It kept $43.6 million in March 2018. In terms of total slots wagers, known as “handle,” Foxwoods took in $489.4 million last month, 5.2 percent less than a year ago.

Foxwoods diverted $10 million of its March slots win to the state’s General Fund.

Massachusetts gaming regulators are expected to release MGM Springfield’s March revenue numbers Tuesday.


Loading comments...
Hide Comments

Stories that may interest you

Boat sales, revenue up since Connecticut lowered tax

Effective July 1, 2018, the sales tax changed from 6.35 percent to 2.99 percent.

Mystic Aquarium offering free admission for EBT cardholders and three guests

Mystic Aquarium has announced that it will extend and revamp its program for Connecticut Electronic Benefit Transfer cardholders by now offering free admission to cardholders and up to three of their guests through Dec. 31.

Mohegan Sun offering discounts for military personnel

More than 40 casino shops and dining locations participating in year-round program

Mystic Aquarium to celebrate Long Island Sound Day on Saturday

Mystic Aquarium will a day of hands on activities on Saturday from 10 a.m. to 2 p.m. in recognition of Long Island Sound Day and to support the health of the estuary.