Foxwoods' slots revenue down slightly in May
Foxwoods Resort Casino released figures Monday showing its slot-machine revenue was down 2.8 percent in May, the lowest year-over-year decline it's experienced in any of the nine full months MGM Springfield has been open.
The Mashantucket Pequot-owned casino "won,” or kept, $37.4 million in slots wagers after paying out prizes last month compared to $38.5 million in May 2018. The casino’s “handle,” the total wagers before payouts, was $482 million, 2.6 percent less than during the same month the previous year. Foxwoods paid $9.6 million of its slots win to the state.
Mohegan Sun reported Friday that its May slots win of $47.8 million was down 7.7 percent. It paid $11.9 million to the state.
Both Connecticut casinos have experienced year-over-year declines in slots revenue for 11 straight months. Since last September, the declines have been attributed in part to competition from MGM Springfield, the western Massachusetts resort casino that opened in late August.
The Massachusetts Gaming Commission reported Monday that MGM Springfield won $16.1 million in slots revenue last month, an improvement over the $15.5 million it won in April. MGM Springfield also kept $6.2 million in table-games revenue in May, the least of any month since its opening. The Connecticut casinos report table-games revenue on a quarterly basis.
Another Massachusetts resort casino, the $2.6 billion Encore Boston Harbor, is scheduled to open Sunday in Everett.
Stories that may interest you
New stats show that the number of days on the market is down and the median price is up for single-family homes.
Two economic analysts referred to the latest Connecticut Department of Labor numbers as "abysmal" and "troubling."
Massachusetts gambling regulators say their preliminary investigation shows the new Encore Boston Harbor casino isn't cheating gamblers out of their winnings as a class action lawsuit claims
The company planning a major wind farm off the Massachusetts coast is warning the project could be in jeopardy if a federal environmental review stretches on much longer