Hurricane Hurts Revenues at Casinos 

We have been reading in the news about how well Foxwoods Resort Casino has been doing and how they have really been showing an increase in the amount of money that they have making off of their slot machines. The Mohegan Sun has not been fairing as well, but they have been holding their own. But for two casinos that are really trying to come back from a stilted economy, it has not been easy for them to get back on their feet. Then they are faced with Hurricane Irene and now they are dealing with the fact that they are losing even more slot machine revenues due to the hurricane. 

The win, or the amount the house keeps after they pay winning gamblers their take, for both casinos was down from where it had been a year before. They saw their slot machine revenues drop more than 10% for the month, which – when you are talking about millions of dollars – is a very substantial amount of money that they have not been able to recoup. The hurricane simply led them to suffer more than they would have already from the poor economy. 

The Mohegan Sun was down 10.6% for their win, and they were down 15.4% for their handle – or the total amount of money that the slot machines bring in. Both casinos had electricity during Irene, but people were just not in the mood to gamble. There were a lot of people who just could not get there due to the traffic issues with the storm, and others who just needed to hunker down and not spend any money.