Mohegan Sun’s revenues bounce back in January
Photo | Mohegan Sun
Mohegan Sun's Vista Lounge at Wombi Rock.
Mohegan Sun saw slots revenue bounce back in January, rising 16.7% to $37.6 million, up from $32.2 million in December.
While still 14% below the $43.8 million in revenues posted in the year-ago period, before the pandemic hit the state, the casino’s results showed a rebound from post-pandemic lows recorded late last year.
The handle, or amount wagered, rose 9.4% to $441 million in January from $403.4 million December, down 16.6% from the $529 million in January of 2020.
With January historically the slowest month for casinos, the rise in revenues at both Mohegan Sun and Foxwoods may indicate signs of recovery in the gaming industry. Foxwoods this week posted $24.5 million in revenues for January, up 14% from December's $21.5 million.
Both of Connecticut’s casino operators are looking overseas for growth: Mohegan Sun’s parent company, Mohegan Gaming & Entertainment, announced last month that it would bid on a license to develop a resort casino in Japan to expand its footprint in Asia. MGE plans to open a $5 billion resort at Incheon International Airport in South Korea in 2022.
Foxwoods plans to open a new casino in Puerto Rico later this year.
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