Daily Journal masthead

Financial results at Connecticut casinos mixed in July: Foxwoods gains, Mohegan Sun slides

bug
Share/Save/Bookmark

HARTFORD, Connecticut — Foxwoods Resort Casino has reported gains in betting and revenue, while its Connecticut neighbor, Mohegan Sun, reported a drop in its financial results.

Foxwoods said Thursday that bets in July were $553.3 million, up 4 percent from the same month last year. Mohegan Sun reported $632.3 million in bets, down from $646.2 million in July 2014.

Foxwoods, which is operated by the Mashantucket Pequots, said slot revenue was $44.5 million, up slightly from $44.3 million. Mohegan Sun said revenue was $51.6 million, down by about $1 million from July 2014.

The weak economic recovery and competition in the region have undermined the casinos' performance in the past several years. Mohegan Sun got a boost Wednesday with a ratings increase by Moody's Investors Service and in July reported strong third-quarter profit.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.