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Connecticut casinos face competition

26 June 2007

CONNECTICUT -- As reported by the Boston Herald: "Connecticut's powerhouse Indian casinos, after years of unchecked growth, are facing a new phenomenon - competition.

"Mohegan Sun and Foxwoods recently reported their second month of falling slot machine revenues, the bread and butter for most gambling complexes.

"Mitchell Etess, Mohegan's chief executive, said he can't recall a similar, back-to-back monthly decline.

"The drop-off comes after big expansions by the newly revamped Twin River 'racino' and its slot machines in Rhode Island and a slots complex in Yonkers, N.Y., acknowledged executives at both Connecticut casinos. Gas prices also hurt. Meanwhile, the two Connecticut casinos, now among the world's largest, also face another, potentially even more devastating threat from the Bay State.

"The Mashpee Wampanoag Tribe is pushing ahead with a proposal for its own gambling resort, modeled after the two Connecticut resort casinos..."

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