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Foxwoods October slot revenue down16 November 2011MASHANTUCKET, Connecticut -- (PRESS RELEASE) -- Foxwoods Resort Casino® said today that slot revenue in October was $50.9 million, down 11.2 percent from the same month last year. Handle for October, the first month in Foxwoods new fiscal year, was $596.8 million, 14.4 percent lower than in October 2010. “Profitability, however, the true measure of our business and the focus of our restructuring efforts over the last year, remains strong and is also in line with our expectations” “The snowstorm that paralyzed the northeast cut into our business at the end of the month,” said Foxwoods CEO Scott C. Butera. “That aside, our revenue is on target as we anticipated the effects of new competitive factors in our gaming market and the persistent weakness of the economy in the region. “Profitability, however, the true measure of our business and the focus of our restructuring efforts over the last year, remains strong and is also in line with our expectations,” Butera said. Owned by the Mashantucket Pequot Tribal Nation, Foxwoods contributed $13.6 million to the State of Connecticut Special Revenue fund in October 2011. The cumulative total state contribution made by the enterprise now tops $3.26 billion. Holiday Cheer: Seinfeld, Rogers, Franklin Foxwoods holiday entertainment schedule is packed with music, laughter and fun starting with the amazing Voices of Love Concert on Thanksgiving night featuring Asian stars Alex To, Samuel Tai, Ho-Cheol Jang and Annie Yi. Comedian Eddie Griffin makes a holiday stop at the Fox Theater on the weekend and at the Pequot Museum visitors can immerse themselves in a compelling and informative Native American Days program. Next month, the Resort offers guests two nights of Jerry Seinfeld, the star comedian whose nine-year TV series is still a powerhouse in syndication and whose blockbuster comedy remains a critical favorite. For country fans, Kenny Rogers appears on December 17, just in time for the holiday; and to warm up things for the New Year, Aretha Franklin, the Queen of Soul, drops by the MGM Grand on December 30. |