Casinos' slot revenue was up again in November

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

For the second month in a row, Foxwoods Resort Casino and Mohegan Sun posted year-over-year increases in slot-machine revenue in November.

Foxwoods reported this week that it “won,” or kept, $36.6 million after paying prizes last month — 3.8 percent more than the $35.3 million it kept in November 2018. Mohegan Sun’s November win of $45.8 million was up 3.5 percent over the $44.3 million it kept the same month a year ago.

The casinos pay 25 percent of their slot revenues to the state. Foxwoods’ November payment came to $9.5 million, while Mohegan Sun contributed $11.5 million.

Both casinos had reported year-over-year declines in slots revenue from July 2018 through September 2019 — a 15-month stretch.

Massachusetts’ resort casinos in Springfield and Everett, near Boston, reported mixed results in November, according to figures released by the Massachusetts Gaming Commission. MGM Springfield kept $13.4 million in slots revenue in the month, 10 percent more than it kept in November 2018, but its table-games revenue of $5.2 million was down 33.9 percent.

MGM’s total gaming revenue of $19.9 million was down 6.2 percent over the $21.2 million it kept a year ago.

Wynn Resorts’ Encore Boston Harbor, in Everett, which opened in late June, kept $22.8 million in slots revenue and $24.5 million in table-games revenue last month. The combined total of $47.3 million was up 3.3 percent over the previous month and was the second-lowest total of any of the casino’s first five full months of operation.

The Massachusetts casinos’ gaming revenues have failed to meet pre-opening projections. The Connecticut casinos do not report table-games revenue on a monthly basis.

DeSalvio to head Genting’s N.Y. casinos

Robert DeSalvio, the former Foxwoods executive who left Wynn Resorts in October after serving as president of Encore Boston Harbor, has been named president of Genting’s New York state casinos, Resorts World Catskills and Resorts World Casino New York City.

DeSalvio spent a decade at Foxwoods before leaving in 2006.

Resorts World Catskills in Thompson, N.Y., was acquired last month by Genting and Kien Huat, the family trust controlled by Genting Group Chairman and Chief Executive Officer Tan Sri KT Lim. Resorts World Casino New York City, the highest-grossing slots casino in the world, is developing a 400-room hotel scheduled to open this summer.

DeSalvio has four decades of experience in the gaming and hospitality business. He led the design, development, staffing and opening of Encore Boston Harbor.


Loading comments...
Hide Comments