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Foxwoods reports September slot revenue

17 October 2011

MASHANTUCKET, Connecticut -- (PRESS RELEASE) -- Foxwoods Resort Casino said today that its slot revenue in September was $53.2 million, down 5.0 percent from the same month a year ago. Handle for the month was $628.0 million, lower by 7.9 percent than in September 2010. For fiscal 2011, Foxwoods total slot revenue was $636.7 million compared to $650.2 million last year, a 2.1 percent year-over-year decline.

"Despite the persistent weakness in the economy, we are generating slot revenue this year at about the same pace as 2010 when US business seemed to be gaining momentum," said Foxwoods President CEO Scott C. Butera.

"Slot revenue is not the whole story," Butera continued. "Our bottom line has been strengthening throughout the year, a development that improves our ability to invest in strategic opportunities as gaming markets evolve in the US."

Owned by the Mashantucket Pequot Tribal Nation, Foxwoods contributed $14.2 million to the State of Connecticut Special Revenue fund in September 2011, about the same as last month. The fiscal 2011 total contribution was $170.4 million, nearly on par with the $170.9 million contribution in fiscal 2010. The cumulative total state contribution amounts to $3.24 billion.

PUNCHES, PUNCH LINES AND MORE

The next 30 days at Foxwoods features boxing, comedy and entertainment. Edwin "LaBamba" Rodriguez and Will "Power" Rosinski -- both undefeated -- square off for a super middleweight contest on October 21. The event will be aired live on CBS' Showtime Network.

Kathy Griffin will deliver her unique brand of D-List comedy this weekend and Jim Breuer and Craig Robinson are sure to put patrons in laughing mode before Thanksgiving. Willie Nelson's signature country music style finds its way to the MGM Theater on October 29.

The popular Diana: A Celebration exhibit continues through January 15; and the Smithsonian's fascinating exhibit IndiVisible: African-Native American Lives in the Americas is on display at the Museum until December 31.

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