Connecticut’s casinos are looking for a turnaround in their fortunes – both Foxwoods and Mohegan Sun have seen the slide in their slot revenues moderate at the beginning of the year. WNPR’s Harriet Jones reports.
Both Foxwoods and Mohegan Sun did see lower slot revenues in January, as compared to the same month of 2009. Foxwoods, owned by the Mashantucket Pequot Tribe reported revenue of $51.6 million, down about 2.5% year over year. Mohegan Sun’s slot revenues were down just about 1%. But Mohegan’s numbers are a big improvement over December and November, when the casino saw double digit drops slide year over year. For Foxwoods, January was the fifth straight month of only modest decreases.
Both casinos have seen slots revenue take a downward trajectory since May of 2008 – more than 18 months ago. Foxwoods management welcomed the numbers, pointing out that they beat the general industry trend. Atlantic City’s casinos saw a more than 7% decline in slots revenues in January.
For WNPR, I'm Harriet Jones.