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Foxwoods reports January slot revenue decline

15 February 2012

MASHANTUCKET, Connecticut -- (PRESS RELEASE) -- Foxwoods Resort Casino today reported that its slot revenue for January 2012 amounted to $46.3 million, a decline of $2.3 million, or 4.7 percent, from the same period a year ago. Handle in January this year was $549.8 million, off 1.3 percent from last year’s $557.2 million total.

“In addition, we remain solidly on course with respect to our overall financial performance.“”
Foxwoods CEO Scott C. Butera said that December and January are traditionally the slowest months of the business year for the Resort. “Nonetheless, revenue and handle for the last two months were actually ahead of last year’s totals,” he said. “In addition, we remain solidly on course with respect to our overall financial performance.“

Butera will participate today in a series of events kicking off new business development and brand marketing initiatives that Foxwoods has developed to heighten its appeal to regional consumers as well national and international events planners.

The Casino contributed $12.4 million to the Connecticut Special Revenue Fund based on the January revenue. Since opening in 1992, Foxwoods has made a cumulative contribution to the state of Connecticut in excess of $3.30 billion.

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