💰 Connecticut slot revenue down again amid growing competition - Hartford Courant

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The end of brought some bad news for Connecticut's casinos with revenues dropping at both of the state's locations. The two tribal run.


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Connecticut Casino Revenue Down Amid Growing Competition
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(AP) — Revenue at Connecticut's two casinos declined in fiscal Net revenues at Foxwoods Resort Casino were $ million, down.


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Mohegan Sun's net revenues for the fiscal year were $ million, down about 7​% percent from the nearly $ billion it took in the previous fiscal.


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(WWLP) – A new fiscal reports show that revenue at Connecticut's two casinos has declined. The decline in the fiscal year comes amid.


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Mohegan Sun's net revenues for the fiscal year were $ million, down percent over the $ billion it took in the previous fiscal year. Its.


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(AP) — Revenue at Connecticut's two casinos declined in fiscal Net revenues at Foxwoods Resort Casino were $ million, down.


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Connecticut's tribal casinos reversed their slot revenue declines in December by reporting year-over-year increases in January. Mohegan Sun.


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Revenue generated by slot machines at Connecticut's two casinos continued a steady decline in June, down for the 12th consecutive month.


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(WWLP) – A new fiscal reports show that revenue at Connecticut's two casinos has declined. The decline in the fiscal year comes amid.


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The end of brought some bad news for Connecticut's casinos with revenues dropping at both of the state's locations. The two tribal run.


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All rights reserved.{/INSERTKEYS}{/PARAGRAPH} New England Casinos Increasing Competition Looking at the annual reports for Mohegan Sun and Foxwoods , both published online, the decreased revenue can be chiefly attributed to a drop in gaming at both locations. Some believe the solution is as simple as opening more casinos. Others see full-scale sports betting as the answer. The employment records for both locations also made for concerning reading, with evidence that the casinos were cutting costs in the face of falling revenues. According to the report from The Day Mohegan Sun employed 4, full time staff and a further 2, seasonal, part time and on-call employees as of Sept. {PARAGRAPH}{INSERTKEYS}However, the year-on-year decreases still make for concerning reading as competition from outside of Connecticut continues to eat into their business. Opinions are divided in Connecticut about how to stem the tide. Increasing competition is partly to blame for decreases. That represents a significant decrease from the same period a year earlier when the casino employed 4, full-time staff and 2, other staff. A bad year for business. The story was similar at Foxwoods, which currently employs 5,, down from the 5, employed the previous year. He is also a gambling enthusiast and author of three books. According to a report in The New London-based paper The Day , net revenues at both casinos were down for the financial year ending Sept. The fact that both casinos are cutting their payrolls suggests that they are beginning to feel the effects of the slumping revenue.