{"id":92819,"date":"2018-11-16T08:30:29","date_gmt":"2018-11-16T16:30:29","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=92819"},"modified":"2018-11-16T07:57:41","modified_gmt":"2018-11-16T15:57:41","slug":"foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/","title":{"rendered":"Foxwoods Reports Slots Revenue Dips as MGM Competition Starts to Pinch, Satellite Casino Still Nowhere in Sight"},"content":{"rendered":"

Connecticut\u2019s Foxwoods Resort Casino reported a 10 percent drop in slots revenue in October, as competition from Massachusetts\u2019 MGM Springfield<\/a> begins to bite.<\/p>\n

\"Foxwoods\"
In the first half of the 1990s Foxwoods had a virtual monopoly on the New England gaming market, which has since become crowded — even more so when the MGM Springfield opened its doors in August. (Image: Foxwoods Resort Casino)<\/figcaption><\/figure>\n

The Mashantucket Pequot-owned casino resort said the year-on-year plunge followed a 5 percent decline in September. Connecticut\u2019s other tribal casino, Mohegan Sun, has not yet reported but said its slots revenue fell nearly 9 percent in September. The MGM Springfield opened its doors in late August.<\/p>\n

Since winning the bid for the sole west Massachusetts casino license in 2014, MGM Resorts International has made no secret of the fact that it expected its $950 million venture to derive a large portion of revenues from cross-border footfall.<\/p>\n

Tribes in Limbo<\/strong><\/h2>\n

The revenue dip is bad news for the tribes but also for the Connecticut, which receives a 25 share of gross gaming revenue on the tribes’ slots. The state has supported a joint venture by the tribes to build Connecticut’s first off-reservation casino, in East Windsor, a stone\u2019s throw from the border.<\/p>\n

\n

It was hoped the so-called \u201csatellite\u201d casino would blunt competition from MGM and protect the tribal casino industry in the southeast of the state. Connecticut passed a law to authorize the casino but wanted resulting amended compacts to be approved by the US Interior Department (DOI) to ensure revenue sharing contributions would be protected.<\/p>\n<\/div>\n

The tribes hoped to get the satellite casino up and running before the MGM Springfield could open its doors, but the DOI\u2019s inaction left them in limbo. The tribes sued the DOI<\/a>, claiming the lack of movement on the issue amounted to filibustering.<\/p>\n

Fightback on Hold<\/strong><\/h2>\n

The DOI eventually approved the Mohegan compact but said it was not required to act on the Mashantucket Pequot agreement because the tribe had originally failed to negotiate a compact with the state in the 1990s. The gaming agreement was eventually put in place using \u201csecretarial procedures\u201d and the DOI says it is under no obligation to act on revisions to compacts created in such a manner.<\/p>\n

Now, as the Connecticut casino industry begins to feel the effects from its new neighbor across the border, the tribes are no closer to laying the foundations in East Windsor.<\/p>\n

With MGM Springfield in its first few months of operation, not only did we expect to see an impact, we’ve also consistently and publicly communicated our expectations over the last three years while proactively working toward mitigating any potential loss in revenue,” said Foxwoods spokesman Adam Jalbert this week.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Connecticut\u2019s Foxwoods Resort Casino reported a 10 percent drop in slots revenue in October, as competition from Massachusetts\u2019 MGM Springfield begins to bite. The Mashantucket Pequot-owned casino resort said the year-on-year plunge followed a 5 percent decline in September. Connecticut\u2019s other tribal casino, Mohegan Sun, has not yet reported but said its slots revenue fell […]<\/p>\n","protected":false},"author":36,"featured_media":92822,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,18456],"tags":[],"acf":[],"yoast_head":"\nFoxwoods Reports Slots Revenue Dip as MGM Competition Takes Hold,<\/title>\n<meta name=\"description\" content=\"Foxwoods reports a 10 percent dip as Connecticut casinos feel impact from MGM Springfield in Massachusetts. Meanwhile, the Mohegan and Mashantucket Pequot East Windsor casino is still in limbo\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foxwoods Reports Slots Revenue Dip as MGM Competition Takes Hold,\" \/>\n<meta property=\"og:description\" content=\"Foxwoods reports a 10 percent dip as Connecticut casinos feel impact from MGM Springfield in Massachusetts. Meanwhile, the Mohegan and Mashantucket Pequot East Windsor casino is still in limbo\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-16T16:30:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-11-16T15:57:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/fox.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"810\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/\",\"url\":\"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/\",\"name\":\"Foxwoods Reports Slots Revenue Dip as MGM Competition Takes Hold,\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/fox.png\",\"datePublished\":\"2018-11-16T16:30:29+00:00\",\"dateModified\":\"2018-11-16T15:57:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Foxwoods reports a 10 percent dip as Connecticut casinos feel impact from MGM Springfield in Massachusetts. Meanwhile, the Mohegan and Mashantucket Pequot East Windsor casino is still in limbo\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/fox.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/fox.png\",\"width\":1440,\"height\":810,\"caption\":\"In the first half of the 1990s, Foxwoods had a virtual monopoly on the New England gaming market, which has since become crowded. The MGM Springfield opened its doors in August. (Image: Foxwoods Resort Casino)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Foxwoods Reports Slots Revenue Dips as MGM Competition Starts to Pinch, Satellite Casino Still Nowhere in Sight\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\",\"name\":\"Philip Conneller\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"caption\":\"Philip Conneller\"},\"description\":\"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/philip-conneller\",\"https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk\",\"https:\/\/x.com\/casinoorgphilc\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Foxwoods Reports Slots Revenue Dip as MGM Competition Takes Hold,","description":"Foxwoods reports a 10 percent dip as Connecticut casinos feel impact from MGM Springfield in Massachusetts. Meanwhile, the Mohegan and Mashantucket Pequot East Windsor casino is still in limbo","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Foxwoods Reports Slots Revenue Dip as MGM Competition Takes Hold,","og_description":"Foxwoods reports a 10 percent dip as Connecticut casinos feel impact from MGM Springfield in Massachusetts. Meanwhile, the Mohegan and Mashantucket Pequot East Windsor casino is still in limbo","og_url":"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2018-11-16T16:30:29+00:00","article_modified_time":"2018-11-16T15:57:41+00:00","og_image":[{"width":1440,"height":810,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/fox.png","type":"image\/png"}],"author":"Philip Conneller","twitter_card":"summary_large_image","twitter_creator":"@casinoorgphilc","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Philip Conneller","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/","url":"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/","name":"Foxwoods Reports Slots Revenue Dip as MGM Competition Takes Hold,","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/fox.png","datePublished":"2018-11-16T16:30:29+00:00","dateModified":"2018-11-16T15:57:41+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b"},"description":"Foxwoods reports a 10 percent dip as Connecticut casinos feel impact from MGM Springfield in Massachusetts. Meanwhile, the Mohegan and Mashantucket Pequot East Windsor casino is still in limbo","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/fox.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/11\/fox.png","width":1440,"height":810,"caption":"In the first half of the 1990s, Foxwoods had a virtual monopoly on the New England gaming market, which has since become crowded. The MGM Springfield opened its doors in August. (Image: Foxwoods Resort Casino)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/foxwoods-reports-slots-revenue-dip-as-mgm-competition-takes-hold\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Foxwoods Reports Slots Revenue Dips as MGM Competition Starts to Pinch, Satellite Casino Still Nowhere in Sight"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b","name":"Philip Conneller","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","caption":"Philip Conneller"},"description":"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.","sameAs":["https:\/\/muckrack.com\/philip-conneller","https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk","https:\/\/x.com\/casinoorgphilc"],"url":"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/92819"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=92819"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/92819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/92822"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=92819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=92819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=92819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}