Mohegan Sun Reels From Slight Casino Revenue Decline, Foxwoods Sees Increase

October 18th, 2010 – by Glen Farmer

Connecticut’s gambling industry may not always be at the forefront of media attention, but recently the two largest casinos int he United States have made headlines. For better and for worse, these two casinos are in the news.

Between the Foxwoods Resort Casino and the MGM Grand at Foxowods, slot revenue has risen 2 percent in September. They reported $56.1 million, which was a wagering increase of 4.1 percent over previous figures. Connecticut received $15.1 million dollars from the casino industry in the state.

The Mohegan Sun was not so lucky. The Mohegan Sun only managed to bring in $57.6 million in slot revenues. This was a decrease of 3 percent. Gamblers bet 2 percent less than the previous year’s revenue, and they only contributed $14.4 million to the state.

Some have attributed the declining revenue to the expanding casino gambling scene in the region. Especially with the burgeoning casino industry in Pennsylvania, the Colorado Division of Special Revenue, as well as the casinos licensed with it, are concerned over the possibility of ever decreasing revenue.

While competition is at an all time high, the casinos in Connecticut serve a large enough community that they may not fall further. Connecticut Online Casinos have also been proving widely successful.

New Jersey is the region that has been faltering, and they have become a victim of the recession and the increased competition from USA online gambling and Pennsylvania’s ever popular gambling industry.

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