After August Increase, Casino Revenue Drops Again In September
HARTFORD, Conn. (AP) _ Connecticut’s Mohegan Sun casino says the halt in declining revenue in August resumed in September.
The Indian-run casino in Uncasville reported on Tuesday that September revenue was $49.9 million, down nearly $4.8 million, or 9 percent. It snapped a record of declining revenue in August with a tiny increase of $18,061.
Total wagering was $621.5 million, a $49 million decline from September 2012, or 7 percent.
Revenue is the share of wagers that the casino keeps.
Neighboring Foxwoods Resort Casino reported revenue of $44.8 million for September, down $1.5 million, or 3.2 percent from September 2012. Wagering at the Mashantucket-owned casino fell 7 percent, to $508.1 million.
The weak economic recovery has reduced spending by gamblers. The casinos also are under pressure from competition in the Northeast, particularly New York.
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