- Associated Press - Thursday, August 13, 2015

HARTFORD, Conn. (AP) - 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.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide