Connecticut Casinos Report Mixed April Revenue Results
HARTFORD, Conn. (AP) – Connecticut’s Mohegan Sun casino has reported a 3 percent decline in slot revenue in April while the Foxwoods Resort Casino and MGM Grand at Foxwoods says its revenue jumped 9 percent.
The Mohegan Sun said Monday its revenue was $61.6 million, down from $63.7 million in April 2010. Its decline was steeper than in March, but improved from January and late 2010 as the weak economy cut into consumer spending.
Foxwoods reported revenue for the month of $57.1 million, up from $52.3 million from last year. The increase represented a strong turnaround from March when revenue barely rose.
Analysts say the two eastern Connecticut casinos face pressure on several fronts: high gas prices that keep motorists home, the weak economy and rising competition from casinos in Pennsylvania and New York.
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