September 14, 2012

CT’s slot revenues continue decline in Aug.

Revenue from the 12,100 slot machines at Connecticut's two resort casinos continued its steady decline in August, as both Mohegan Sun and Foxwoods Resort Casino slipped around 5 percent.

Foxwoods faired slightly better in the year-over-year decline, reporting $50.5 million in slot revenues last month vs. $52.2 million in August 2011, a 3.3 percent decline.

Foxwoods' total betting– the handle – was $592.5 million in August vs. $632 million the same month last year.

Mohegan reported $56.3 million in slot revenues in August vs. $59.9 million in August 2011, a 6 percent decline. The Mohegan handle was $687.2 million in August vs. $724.2 millin in August 2011.

Under their operating pact with the state, the two casinos must contribute 25 percent of their slot revenues to the Connecticut state government.

In August, Mohegan sent the state a check for $14.1 million while Foxwoods remitted $12.8 million.

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