Connecticut tribes see another drop in revenues

Wednesday, December 16, 2009  

Connecticut's two federally recognized tribes reported another drop in slot machine revenues though one fared better than the other.

Slot revenues at Foxwoods Resort Casino and MGM Grand at Foxwoods, owned by the Mashantucket Pequot Tribal Nation, were down 1.4 percent last month. At Mohegan Sun, owned by the Mohegan Tribe, revenues were down 10.8 percent.

The figures came as the Pequots are expected to default on a $500 million loan. The tribe was only able to pay $14.2 million on a $21.25 million interest payment.

Get the Story:
Slot revenue down at both Mohegan Sun, Foxwoods (The Norwich Bulletin 12/16)
Two casinos' November slots revenue down from year ago (The New London Day 12/16)
Two Casinos Report Slot Revenues Down (The Hartford Courant 12/16)