Conn. gaming officials get mixed signals from casinos

Mar 17, 2014 10:20 AM

Connecticut gaming officials received mixed signals from the results of slots activity at its tribal casinos during the month of February.

Foxwoods Resorts said its slots revenue was $39.3 million or about 2 percent higher when compared with February of 2013.

Mohegan Sun said its slots revenue fell by 3 percent at $43.9 million.

Both casinos said their businesses were badly affected by severe storms during the month. Foxwoods’ Scott Butera noted that revenues would have been much higher had it not been for the severe storms that kept potential customers off the highways.

Connecticut pays close attention to slots revenue at the two properties since an agreement giving them exclusive rights to slots operations provides that they pay the state 25 percent of their revenue.

Both properties have been struggling financially because of major development projects that were undertaken just before the country’s economy went south. Also, competition from neighboring states has increased and will continue to get bigger as New York and Massachusetts authorize more casinos.

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