MASHANTUCKET, Conn. (AP) — The Foxwoods Resort Casino is reporting a 10 percent decline in slot-machine revenue for October.
Tribal casino operators Foxwoods and Mohegan both witnessed a fall in revenue in October as a result of the opening of MGM Springfield in neighboring Massachusetts. Foxwoods reported October slot machine revenues of US$34.4 million, which represented a 10 percent year-on-year decline. After an agreement between the tribe and the state of Connecticut, the tribe would agree to give 25% of all of their revenue from the slot machines to the state. As of 2007, that total sum amounts to be around $200 million per year. By the end of June 2008, the 6,300 slots at Foxwoods had generated more than $9.1 billion.
The $34.4 million it kept in slots revenue after paying out prizes is 10 percent less than the amount it kept in October 2017.
The Day of New London reports the decrease follows a 5 percent decline in September slots revenue.
Mohegan Sun has not yet reported figures for October but it had a decline of nearly 9 percent in September slots revenue.
Both casinos have been contending with increased competition from the MGM Springfield resort casino that opened in August across the state line in western Massachusetts.
Foxwoods Slot Machine Revenue Service
Foxwoods is owned and operated by the Mashantucket Pequot Tribal Nation.
How Many Slot Machines Foxwoods
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