Connecticut casinos post March slot revenue drop - Los Angeles News | FOX 11 LA KTTV

Connecticut casinos post March slot revenue drop

Posted: Updated:
Connecticut State News Connecticut State News

HARTFORD, Conn. (AP) - Connecticut's Indian-run casinos say slot machine revenue fell sharply in March, with Foxwoods Resort Casino citing an "ultra-competitive" market.

Foxwoods reported Tuesday that the share of wagers, known as revenue, was $44.6 million, down 10 percent from March 2013. Total slot machine wagering at the Mashantucket Pequot tribal casino was $566 million, down 5 percent.

The Mohegan Sun reported revenue of $51.9 million in March, down 12 percent. Total wagering was $625.6 million, an 11 percent drop from more than $700 million.

Scott Butera, Foxwoods' chief executive, said the casino is an "ultra-competitive marketplace."

Robert J. Soper, chief executive of Mohegan Sun, said the unusually cold March hurt business, but finances are stabilizing.

Slot machine revenue has fallen as customers reduced spending in the recession and weak recovery and more casinos open in the Northeast.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Connecticut NewsConnecticut NewsMore>>

  • Woman claims mayor exposed himself to her

    Woman claims mayor exposed himself to her

    Friday, August 1 2014 7:19 AM EDT2014-08-01 11:19:37 GMT
    An administrative assistant at East Haven Town hall has filed a complaint against the mayor, alleging he exposed himself to her as part of a pattern of sexual harassment.
    An administrative assistant at East Haven Town hall has filed a complaint against the mayor, alleging he exposed himself to her as part of a pattern of sexual harassment.
  • Dad delivers baby into toilet

    Dad delivers baby into toilet

    Thursday, July 31 2014 8:30 AM EDT2014-07-31 12:30:58 GMT
    A Connecticut father proudly helped deliver his own baby... into a toilet.
    A Connecticut father proudly helped deliver his own baby... into a toilet.
  • Healthy food pilot program launched in Connecticut

    Healthy food pilot program launched in Connecticut

    An online marketplace for farmers markets and a nonprofit Connecticut health insurance company are launching a new program to bring local, fresh food to Fairfield County residents.
    An online marketplace for farmers markets and a nonprofit Connecticut health insurance company are launching a new program to bring local, fresh food to Fairfield County residents.
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices