Mohegan tribe and Mashantucket Pequot Tribe report declining revenue
Two Connecticut casinos have reported another decline in their slots revenues, as they dropped in December in comparison to the same period a year earlier. The Foxwoods Resort Casino and MGM Grand, both operated by the Mashantucket Pequot Tribe, revealed last Friday that the slot machines revenue in December was $44.6 million, while December 2008 showed a $44.9 million revenue.
The Mohegan tribe, which operates the Mohegan Sun, reported a considerable decline, as revenue in December was $57.1 million in comparison to $63.1 million in the same month in 2008. 25% of their slot machines revenues flows to the state monthly under the tripes’ gaming compacts. The Mohegan tribe paid the state $14.3 million, while the Mashantucket Pequot Tribe gave $11.3 million for December.