sale was put on hold unexpectedly<\/a> just two days after New Year’s by the\u00a0New York State Gaming Commission (NYSGC) with no clear explanation as to why.<\/p>\nConnecticut State Rep. Steven Stafstrom told Casino.org<\/em>\u00a0that the new reports on gaming revenue are \u201cjust another indicator that Connecticut needs to do an open, transparent and competitive bidding process before operating any additional casinos.\u201d<\/p>\nLast week, Mohegan Sun announced its take on slot revenue for January was $40.7 million, 9.4 percent less than it was one year before. That’s the lowest monthly slot revenue in 18 years. The casino gave $10.3 million last month to the state\u2019s general fund.<\/strong><\/p>\nFoxwoods announced it got $31 million from slots in January, an 8.5 percent drop from the previous year. It’s also the lowest one-month total in 25 years. Foxwoods gave $7.8 million to the state’s general fund in January.<\/strong><\/p>\nRodney Butler, the Mashantucket Pequot tribal chairman and interim CEO of Foxwoods, blamed most of the drop in January slots revenue on bad winter weather and the new sports betting at Rhode Island casinos, rather than the MGM Springfield, The Day<\/em> reported.<\/p>\n","protected":false},"excerpt":{"rendered":"Connecticut’s Mohegan Sun and Foxwoods casinos are both seeing drops in slot machine revenue for the seventh straight month. And the continuing free fall comes as no surprise to experts who follow industry trends in the area. More out-of-state options and less extra gambling bankroll are to blame, industry watchers say. It is not surprising […]<\/p>\n","protected":false},"author":44,"featured_media":158332,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,18456],"tags":[],"acf":[],"yoast_head":"\n
Connecticut Casinos See Ongoing Slot Revenue Decline<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n