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Connecticut sees dip in slot revenue

16 September 2009

MASHANTUCKET, Connecticut -- As reported by The Norwich Bulletin: "A long-standing axiom for casinos in the Northeast is that summer trumps the rest of the year.

"Judging by August results, that no longer holds true because Foxwoods and Mohegan Sun reported double-digit declines compared to August 2008, as the recession continues to take a deep bite out of gaming expenditures.

"Foxwoods Resort Casino and MGM Grand at Foxwoods reported that the amount of money in August the casino won from slot machines was $63.1 million, a decrease of 13.3 percent. Mohegan Sun won $69 million, a decline of 11 percent.

"Foxwoods had 700 fewer machines on the floor and it won less per game than August 2008. The two casinos combined to win $8,322 per machine, or $268 per machine each day. In August 2008, the casinos won $8,816 per machine, or $284 per machine each day.

"Mohegan Sun increased the number of machines by about 600, but its win per machine dropped from $12,622 to $10,231. Its win per game per day slid from $407 to $330..."

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