Mohegan Sun, Foxwoods see revenues slide 7.5 percent between 2013 and 2015

Apr 13, 2017 10:43 AM

A report this week on the Native American casino industry shows Mohegan Sun and Foxwoods Resort Casino in Connecticut saw their combined gaming revenue slide 7.5 percent between 2013 and 2015.

However, as noted by the Hartford Business Journal, that state still has the sixth largest tribal casino business in the U.S. Combined Connecticut gaming revenues totaled $1.6 billion in 2015, down from $1.62 billion in 2014 and down still further from $1.73 billion in 2013. An economist with Nathan Associates Inc. collected the data for Casino City's 2017 Indian Gaming Industry Report.

The report says non-gaming revenue rose to $259.6 million in 2015 at the two casinos, compared with $253 million in 2014 and $250.5 million in 2013.

Those totals represent just a small part of the $30.5 billion national tribal gaming industry in 2015, supplemented by another $3.9 billion in non-gaming revenue during that year. The report notes that Connecticut casinos have now seen nine consecutive years of revenue declines. U.S. Indian casinos report differing amounts of public information, however, the report utilized confidential private data whenever it was available, according to its author.

The Connecticut tribes are currently seeking authorization from the State Legislature to build a third casino in East Windsor, to compete with a new MGM Resorts International casino/resort to open in 2018 in Springfield, Massachusetts.