Connecticut Casinos Still Feeling the Economy 

Across the board the economy has hurt the gaming industry. There are very few casinos that didn’t report some sort of loss last year from their slot machines, which is simply because people do not have the money to play at them that they used to have. They say that they have to cut their expenses to make up for the loss that they have seen from their slot machines and some places are saying that it has been very difficult indeed. 

But two casinos that you would have almost expected to continue doing well are not. Connecticut’s slot machines have not been performing nearly as well as they would have hoped by now, and they are starting to get really concerned. The Mashantucket Pequot Tribe runs the Foxwoods Resort Casino and MGM Grand at Foxwoods and they said that their slot machine revenues for the month of December were down $44.6 million. Last year same time they were showing $44.9 million which was already down for their casino. 

The Mohegan Sun was much larger. This slot machine casino is run by the Mohegan Tribe and they reported that they took in $57.1 million this past December. Same time last year they took in $63.1 million –which again was down from the previous year.  

But this does not just hurt the casinos – the loss in slot machine revenue hurts the state as well. Instead of being able to pay them the normal amount, they could only give them 25% of what their slot machines were now making. This slot machine revenue is money that they bank on and now they are finding that it is not nearly as much as last year, nor the year before.

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