Slot machine revenue down at 2 Conn. casinos

Jan 17, 2009 2:00 AM
Staff & Wire Reports |

The slumping economy is continuing to eat into the slot machine profits at Foxwoods Resort Casino and Mohegan Sun in eastern Connecticut.

Foxwoods, including the MGM Grand at Foxwoods, says its slot machine take for December was about $45 million, a 19 percent drop over the same month last year. Mohegan Sun reports that its December slots win was $63 million, down 4 percent.

Foxwoods and Mohegan Sun sent the state a total of about $27 million, under their agreement turn over 25 percent of the slot profits.

For the 2008 year, Foxwoods made $728 million off its slots, down 7 percent from 2007, and Mohegan Sun earned $843 million, down about 6.5 percent.

Both casinos have been cutting costs over the past year, including eliminating hundreds of jobs.