Indian Gaming > Connecticut tribes saw $350M drop in slot revenues

December 2, 2008

Connecticut tribes saw $350M drop in slot revenues

Connecticut's two tribes saw a $350 million decline in slot revenues at their casinos, a sign of the downturn in the national economy.

The Mohegan Tribe suffered the biggest losses at Mohegan Sun. Slot revenues were down 7.2 percent from July-October 2008, compared to the same period in 2007.

The Mashantucket Pequot Tribal Nation also saw a decline at Foxwoods Resort Casino and the new MGM Grand at Foxwoods. Slot revenues fell about 3 percent at the facilities.

“For the longest time, both casinos saw their revenues grow, but those days may be over,” Arthur Wright, a professor who studies gaming, told The Boston Herald.

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Connecticut casinos take big revenue hit (The Boston Herald 12/2)