Foxwoods Resort Casino Annual Report
Revenue at Connecticut’s two casinos declined in fiscal 2019 amid new regional competition, according to new fiscal reports.
Mohegan Sun’s net revenues for the fiscal year were $992 million, down about 7% from the nearly $1.1 billion it took in the previous fiscal year, though revenue for parent company Mohegan Gaming & Entertainment increased, The Day reported.
Net revenues at Foxwoods Resort Casino were $787.8 million, down 5% from $828.9 million in fiscal 2018.
MASHANTUCKET, Conn. — February slot revenue at Foxwoods ® Resort Casino increased 2.2 percent in February to $39.3 million compared to $38.5 million in February 2013. Handle for the month was $479.3 million, up 3.6 percent from the $462.7 million wagered in February 2013. A first-ever report offers a rare look at the finances of Foxwoods Resort Casino, detailing an overall decline in revenues at the gambling resort in recent years. 27 report shows a.
The annual fiscal reports, filed in late December, both attribute the decline to lower gaming revenues. The workforce at both casinos continues to shrink, according to the reports.
The casinos, owned by Connecticut’s two federally recognized tribes, face competition from the new MGM Springfield and Encore Boston Harbor casino, and from Rhode Island’s two casinos that launched sports betting a year ago.
Connecticut Gov. Ned Lamont tried to reach a wide-ranging gambling agreement with the tribes last year that would’ve included sports betting, but did not succeed.
MASHANTUCKET, Conn.--(BUSINESS WIRE)--Foxwoods® Resort Casino has reported slot revenue of $38.3 million for the month of October 2017. This figure is up 3.4 percent compared to $37 million in October of 2016. Handle for the month was $488.1 million, up .9 percent from the $483.5 million wagered in the same month in 2016.
Since 1993, the Mashantucket Pequot Tribal Nation has infused over $4 billion of Foxwoods’ slot revenue into the Connecticut state economy through the Mashantucket Pequot Fund, supporting much-needed programs and services throughout Connecticut. Foxwoods’ contribution to the state in October 2017 is $9.9 million.
Foxwoods guests won big in October including at the Foxwoods Bingo Hall where three lucky winners took home their share of the Oktoberfest Bingo $1,000,000 jackpot! The excitement continued as football fans from far and wide participated in the $300,000 Pro Football Challenge where the contestant with the most correct NFL picks each week walks away with $2,500. The competition runs all season long and if you correctly select 194 or more games during the season, you could win the $250,000 Grand Prize!
World-class entertainment abounded all month long at the state-of-the-art Grand and Fox Theaters with mesmerizing performances from pop icon Mariah Carey, soul legend Patti LaBelle, international sensation Ricky Martin and celebrity chef Alton Brown among others.
October is National Breast Cancer Awareness Month and Foxwoods and the Tanger Outlets were proud to bring back the annual PinkSTYLE shopping program. Throughout the month, guests who purchased a $10 Pink Card unlocked 25 percent off discounts at participating stores in the Tanger Outlets at Foxwoods with proceeds benefiting the Breast Cancer Research Foundation and the L&M Waterford Smilow Hospital Care Center.
The giving continues at Foxwoods this November, as the property’s annual “Stuff the Bus” campaign returns to support the United Way of Southeastern Connecticut and its “Tommy Toy” Fund program. Until December 11, unwrapped toys, blankets, pajamas, jackets and diapers will be collected daily from 8:00 a.m. until 12:00 a.m. at the Foxwoods Bus Terminal as well as at all Foxwoods hotel lobbies and select locations in the Tanger Outlets at Foxwoods.
November’s entertainment slate is off to a dazzling start thanks to an extended run of MINDFREAK LIVE! starring Criss Angel and unforgettable shows from Evanescence and Lindsey Stirling. Lager lovers drank in the second annual Foxwoods On Tap which featured 150-plus craft beers from over 70 of America’s best craft breweries. Later this month, guests can enjoy performances from pop supergroup 98° and comedy all-stars Tracy Morgan and Mike Birbiglia. Tickets for all events can be purchased at foxwoods.com.
Check off the holiday shopping list while cashing in at Foxwoods this month with Shop, Dine & Win. From November 17 through December 21, guests will receive a $10 gift card to Guy Fieri's Foxwoods Kitchen + Bar for every for every $100 spent daily at the Tanger Outlets at Foxwoods. One lucky winner will receive a Tanger Outlets at Foxwoods gift card worth up to $5,000 and five others will each win a Tanger Outlets at Foxwoods gift card valued at $1,000!
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About Foxwoods Resort Casino
25 Years Proud: Since 1992, Foxwoods Resort Casino has offered guests The Wonder Of It All as the premier resort destination in the Northeast. As the largest resort casino in North America, Foxwoods offers a vast array of gaming in seven casinos; AAA Four-Diamond hotels, restaurants from gourmet to quick service, world-renowned spas, award-winning golf, state-of-the-art theaters, exclusive retailers and free-to-play online casino games at FoxwoodsONLINE.com. Foxwoods is owned and operated by the Mashantucket Pequot Tribal Nation and was the first full-service casino built on tribal land, pioneering a nationwide movement that now includes more than 400 gaming properties owned and operated by over 200 tribes across the U.S. For more information on Foxwoods and the property’s 25th anniversary celebrations, visit foxwoods.com.
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About the Mashantucket Pequot Tribal Nation
The Mashantucket Pequots are a native Algonquin people in southeastern Connecticut who endured centuries of conflict and survival on the oldest continuously occupied reservation in the U.S. (est. 1666). As the first native people within the continental United States to survive attempted genocidal massacre by European immigrants (1637), the Mashantucket Pequots have an unprecedented story of restoration, which is exhibited at their world-class Museum and Research Center (www.pequotmuseum.org). For more information, visit www.mashantucket.com.