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Revenue Down at CT Mohegan Sun and Foxwoods Casinos

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July 15, 2014

Slot machine revenue is down two months in a row as reported by two Connecticut American Indian casinos.

The Mohegan Sun reported a ten percent decline last month in comparison to a year ago. The casino earned $574.9 million in June. A five percent decline in June of last year was also reported from Foxwoods Resort Casino. The Foxwoods reported earning $479.1 million last month.

Both casinos have seen a steady decrease in both wagering and revenues. It is believed that the slow economy is partly to blame for the decline. Another concern is for the increase in casino competition in surrounding areas.

In order to help increase business, both the Mohegan Sun and Foxwoods plan to develop new casinos in Massachusetts.

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