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Rhode Island slots siphon from Connecticut casinos27 March 2008CONNECTICUT -- As reported by the Norwich Bulletin: "Expansion at a Rhode Island casino is drawing revenue away from Connecticut's two tribally owned casinos, according to a report released Sunday. "While revenue declined at both Foxwoods Resort Casino and Mohegan Sun last year, the net terminal income at Twin River was $373.3 million last year, a 13.3 percent increase from 2006. "'It's been enough to draw some people in, particularly given the increase in gas prices,' said Clyde W. Barrow, director of the Center for Policy Analysis at University of Massachusetts-Dartmouth. "...Barrow's report analyzed revenue data at New England's five casinos -- two each in Connecticut and Rhode Island and one in Maine. "Last year, Rhode Island residents spent about $261 million at Foxwoods and Mohegan Sun, down 10.5 percent from 2006. Revenue generated by Massachusetts residents visiting Connecticut's casinos decreased 3.4 percent to $846.2 million last year..." |