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Revenue from Slot Machines for October post Lower for Tribal Casinos

Posted by Samantha A. on Tuesday, November 17, 2015

The revenue just keeps dropping.

In Hartford, Connecticut, there are two tribal casinos that have ultimately reported that their slot machine revenue was lower in the month of October of 2015.  With that being said Foxwoods Casino Resort also stated that the bets that were placed were actually higher than the bets that were being place within the same time period a year ago.

While reported from the Mohegan Sun Casino that their bets calculated to nearly $580 million dollars, this was slightly down from $582 million dollars in October of the year 2014.  While in October of the year 2015 they had revenue of $48 million dollars, which again was lower by 2 percent in October of the year 2014 when it calculated to be $48.9 million dollars.

The Foxwoods Casino Resort which is owned and operated by the Mashantucket Pequots reported that their bets calculated to a total of $482.5 million dollars, this was up one percent from October of 2014, yet they also reported that their revenue calculated to a total of $38.6 million dollars was down three percent from the same month in the year 2014.

Both of these casinos the Foxwood as well as the Mohegan Sun reported that they had just a few months of the rising bets as well as revenue after many years of a decline that was due to the weal economic recovery as well as the casino competition that was endured in the Northeast.  Both of these casinos the Foxwoods and the Mohegan Sun are seeking a joint venture in Central Connecticut in order for them to be able to compete with the planned construction of the new MGM Casino Resort that will be located in Springfield, Massachusetts.

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