Business crumbling for Connecticut casinos

Aug 19, 2008 7:00 PM

by Ray Poirier | While gaming analysts have been focusing on declining business in Atlantic City and Las Vegas, less attention has been given to two of the world’s most successful casinos: Foxwoods Resort and Mohegan Sun in Connecticut.

Yet, the two properties have been hit hard by a lack of patronage that has been blamed on a weak economy and high gas prices.

In July, Mohegan Sun reported its slot machine revenue had declined $16.1 million or 14.6% from the amount recorded in July, 2007. It was better at Foxwoods but not much. The slot machine income fell 3.2% or about $2.4 million.

"There’s no doubt," said Mitchell Etess, president and CEO of Mohegan Sun, "that we’re seeing the impacts of people’s feelings on the economy."

Except for the month of May, the two casinos have had almost a year of declining revenue. May’s numbers were higher, said an official, because of the opening of MGM Grand at Foxwoods property.