FROM THE NEWSROOM: HARTFORD, Conn. (AP) — Connecticuts Indian-run casinos are reporting declines in slot machine betting and revenue in October. Mohegan Sun said Monday total slot machine bets last month totaled $581.9 million, down from $592.7 million in October 2013. The share of wagers known as revenue was $48.9 million in October, down from about $49 million in the year-ago month. Foxwoods Resort Casino said total slot bets were $477.2 million, down from $480.7 million. Slot revenue of $39.7 million was down from $42.1 million in October 2013. Betting and revenue have fallen steadily due to increasing competition and continuing weakness in consumer demand. Mohegan Tribal Gaming Authority Mitchell Etess recently suggested an alliance with Foxwoods to build a third casino in Connecticut near the Massachusetts line to compete with casinos opening in the Bay State.
Posted on: Mon, 17 Nov 2014 16:24:38 +0000