💰 Connecticut Casino Revenue Down Amid Growing Competition

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CT casinos report slot revenue increases in January
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Mohegan Sun's net revenues for the fiscal year were $ million, down percent over the $ billion it took in the previous fiscal year. Its.


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Mohegan Sun's net revenues for the fiscal year were $ million, down about 7​% percent from the nearly $ billion it took in the previous fiscal.


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(AP) — Revenue at Connecticut's two casinos declined in fiscal Net revenues at Foxwoods Resort Casino were $ million, down.


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Revenue generated by slot machines at Connecticut's two casinos continued a steady decline in June, down for the 12th consecutive month.


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The end of brought some bad news for Connecticut's casinos with revenues dropping at both of the state's locations. The two tribal run.


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The end of brought some bad news for Connecticut's casinos with revenues dropping at both of the state's locations. The two tribal run.


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(WWLP) – A new fiscal reports show that revenue at Connecticut's two casinos has declined. The decline in the fiscal year comes amid.


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(WWLP) – A new fiscal reports show that revenue at Connecticut's two casinos has declined. The decline in the fiscal year comes amid.


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That represents a significant decrease from the same period a year earlier when the casino employed 4, full-time staff and 2, other staff. According to a report in The New London-based paper The Day , net revenues at both casinos were down for the financial year ending Sept. According to the report from The Day Mohegan Sun employed 4, full time staff and a further 2, seasonal, part time and on-call employees as of Sept. Increasing competition is partly to blame for decreases.

However, the year-on-year decreases still make for concerning reading as competition from outside of Connecticut continues to eat ct casino revenue their business.

The employment records for both locations also made for concerning reading, with evidence that the more info were cutting costs in the face ct casino revenue falling revenues.

He is also a gambling enthusiast and author of three books. Opinions are divided in Connecticut ct casino revenue how to stem the tide. The fact that both casinos are cutting their payrolls suggests that they are beginning to feel the effects of the slumping revenue.

Others see full-scale sports betting as the answer. Some believe the solution is as simple as opening more casinos.

The story was similar at Foxwoods, which currently employs 5, down from the 5, employed the previous year. New England Casinos Increasing Competition Looking at the annual reports for Mohegan Sun and Foxwoodsboth published online, the decreased revenue can be chiefly attributed to a drop in gaming at both locations.

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A bad year for business.