Connecticut | Legislation

Tribes in Connecticut see big decline in slot machine revenues

Friday, November 16, 2012

Connecticut's two federally recognized tribes saw double-digit declines in slot machine revenues for the month of October 2012.

The Mashantucket Pequot Tribal Nation saw a 15.6 percent drop in revenue and the Mohegan Tribe saw a 17.6 percent drop, compared to October 2011. Executives said Hurricane Sandy contributed to a decline in business.

“Industry trends show that we remain in a difficult economic environment. Consumer confidence is not where it once was," Mohegan Sun president and CEO Bobby Soper told The Norwich Bulletin.

Internet gaming could help the tribes boost their figures. Connecticut lawmakers might consider the issue when they meet next year.

Get the Story:
Slot revenues see double digit decline this month (The Norwich Bulletin 11/16)
Casinos’ slot revenues tanked in October (The New London Day 11/16)
Superstorm Sandy Causes Slot Revenue to Plummet in October for Foxwoods, Mohegan Sun (Indian Country Today 11/16)
Foxwoods And Mohegan Sun Post Lower October Slot Revenues (The Hartford Courant 11/16)
Tribes: If Online Gaming Is Legalized, We Want In (The Hartford Courant 11/16)