Mohegan Sun Losing Money

As the problems with the economy get worse, casinos across the land are seeing real decreases in the amount of revenue that they are able to bring in. There was a time when the casino community thought that they were somewhat invincible because they could see all of the other industries fighting to get by while people were still flocking to their slot machines. However, those days are now over.

According to recent reports, the Mohegan Sun has seen an 8.7% decrease in their slot machine revenues for the month of January. This is based on numbers comparing it to same time last year. This is the casino’s poorest showing yet. The casino says that they brought in $62.4 million from their slot machines, and they gave $15.6 million to the state.

They say that there are several factors that could lead to the decrease in slot machine revenue. They say that the economy is certainly one of them, but with the bad weather they were hit with this year, that could account for some of the disparity as well. They say that it could have been infinitely worse than what it was.

In December the slot machines brought in 4.3% less and in November they had brought in 5.3% less, while in October it was 9.1% less. They say that each month it varies as to how much they lose, but some months are definitely higher losses than others. Overall they feel like it was actually better than it could have been or them.
 

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