Foxwoods Resort Casino and Mohegan Sun report dip in July Triumph

Connecticut’s 2 tribal government agencies, Foxwoods Resort Casino and Mohegan Sun on Wednesday both reported decreases in slot machine revenue for July in the same time last year.

Based on The Day paper …

The slot report in the Mohegan Sun allegedly showed its win after payouts was $55 million. That is 1.5 percent less than the $55.9 million that the Uncasville integrated casino resort won in July 2017.

Foxwoods sees higher decrease :

Faring a steeper decline, Foxwoods Resorts Casino reported that a $42.8 million win for July 2018, which was a 4.9 percent dip from its $45 million win in the same time last year.

The reported deal for Mohegan Sun was $664.1 million, a less than half percent decline from Precisely the Same time last year…

Meanwhile, the Foxwoods reported that the total sum bet on slots throughout the period (manage ) was $534.4 million, a significant 6.7 percent year-over-year decrease.

The newspaper went on to convey that for reporting purposes, last year July was a favorable month, as there were five Saturdays and the exact same number of Sundays.

Tribal contributions:

Running Class III gaming under tribal/state compacts, both Foxwoods and Mohegan Sun contribute 25 percent of the gross slot revenue to Connecticut’s general fund. For the month of July, $13.8 million was contributed by Mohegan Sun while Foxwoods participation was allegedly $10.9 million.

Both Connecticut casinos total combined payment to the state for the 2018 fiscal year ending June 30, was $272.2 million.

In fiscal year 2017, the total paid to the state was $270.7 million. It’s been more than 10 years since the combined payments appeared when in fiscal 2007 they allegedly totaled $430.5 million.

MGM Springfield impact:

Slot earnings for the month of August will only partly reflect the impact of MGM Springfield. The 960 million MGM Resorts International property is slated to open on August 24.

In related news, the two casinos have started lobbying local lawmakers to amend Connecticut’s liquor laws in order that they can expand cocktail service in the evenings. The two venues are prohibited from serving alcoholic drinks beyond 1am on weekdays and 2am on Saturdays and Sundays.

The concern of the federally-recognized tribes is that they’ll eliminate business to the MGM Springfield, in which upon launching next Friday will provide active gamblers the ability to get beverages until 4am.

It’s not the first time Foxwoods tried to drive a casino exemption to the liquor laws.

In 2008, the notion of casino exemptions was floated but did not fare well with all Connecticut lawmakers, in part as a result of concerns on drunken driving.