As part of the Class III gaming compact, the Mashantucket Pequot Tribal Nation and the Mohegan Tribe share 25 percent of slot machine revenues to the state of Connecticut.
The arrangement has sent hundreds of millions of dollars into the state's coffers. But when the recession hit in 2008, tribal revenues began to decline and the state's share took a dive.
A free slot machine promotion offered by both tribes, however, has kept the state's contributions at bay.
Despite declines in their revenues, the tribes shared $359.6 million in the fiscal year that ended June 30, up slightly from $359.3 million in the year prior.
"The state should be happy about it (free play) because it's a tool that casinos are using to keep their place in an ever-more-competitive landscape," Mitchell Etess, the chief executive officer of the Mohegan Tribal Gaming Authority, told The New London Day.
As part of a settlement reached in 2009, the tribes share 25 percent of redeemed free-play coupons and credits that exceed 5.5 percent of the monthly slot win. That means the state gets paid even if the tribes aren't always getting paid.
Get the Story:
Free slots play a boon to state's pocketbook
(The New London Day 7/26)
Compacts | Connecticut
Free slot machine play at tribal casinos pays off in Connecticut
Tuesday, July 26, 2011
Stay Connected
Contact Us
indianz@indianz.com202 630 8439 (THEZ)
Search
Top Indian Gaming Stories
Trending in Gaming
1 Catawba Nation continues work on controversial casino in North Carolina
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
More Stories
Man faces state court charges for Muckleshoot casino shooting First Nations leaders challenge payments for gaming authority
Indian Gaming Archive