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Slots revenues slip again at both Foxwoods and Mohegan Sun

18 August 2008

CONNECTICUT -- As reported by The Day: "The ongoing slump in slot revenues continued at both of the state's tribally owned casinos in July.

"Foxwoods Resort Casino had a 3.2 percent drop in revenues over the previous year, a $2.4 million difference from July 2007. The drop was dramatic at Mohegan Sun, with the slots slipping 14.6 percent, down $16.1 million from a year ago.

"While both casinos have experienced consistent drops in slot revenues in the last several months, the double-digit drop at Mohegan Sun was made to seem more drastic by the casino's 'spectacular' numbers in the previous year. One billion dollars flowed through the slots at Mohegan Sun in July 2007, a mark that neither casino had reached before.

"...With each slide of the numbers, the casinos have cited rising energy prices and diminished consumer confidence in the economy as the source of the less-than-stellar slot numbers..."

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