Conn. casinos post sharply lower revenue in Dec. - FOX 10 News | fox10phoenix.com

Conn. casinos post sharply lower revenue in Dec.

Posted: Updated:
Connecticut News Connecticut News

HARTFORD, Conn. (AP) - Connecticut's two Indian-run casinos say revenue dropped in December, a month after Foxwoods Resort Casino broke a losing streak with a slight rise in revenue and the Mohegan Sun posted a tiny decline.

Foxwoods said Wednesday revenue declined nearly 15 percent, to $37.6 million compared with $44.2 million in December 2012. Revenue is the share of wagers the casino keeps, and betting was down 21 percent, to $431.5 million. Foxwoods is run by the Mashantucket Pequots.

Mohegan Sun reported Wednesday that revenue fell about 8 percent, to $45.9 million. Wagering fell by 7 percent, to $570.6 million.

Foxwoods Chief Executive Scott Butera said the numbers are what executives expected. He says bad weather and Christmas accounted for fewer customers.

The two casinos face intense competition in the Northeast and a weak economy.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Connecticut NewsConnecticut NewsMore>>

  • CEO resigns Conn. company over dog abuse

    CEO resigns Conn. company over dog abuse

    Tuesday, September 2 2014 7:05 PM EDT2014-09-02 23:05:35 GMT
    Sports catering business Centerplate has announced that its chief executive has resigned following widespread criticism over images from an elevator security camera showing he kicked a friend's dog and pulled...
    Sports catering business Centerplate has announced that its chief executive has resigned following widespread criticism over images from an elevator security camera showing he kicked a friend's dog and pulled hard on...
  • Bill Clinton to appear in New Haven for fundraiser

    Bill Clinton to appear in New Haven for fundraiser

    Tuesday, September 2 2014 6:24 AM EDT2014-09-02 10:24:23 GMT
    Former President Bill Clinton is scheduled to headline a rally in New Haven to raise money for Democrats running in elections across the country. Clinton is set to appear at the event at the Omni New Haven Hotel on Tuesday. He'll be joined by Gov. Dannel P. Malloy and Lt. Gov. Nancy Wyman, who are seeking re-election in November.
    Former President Bill Clinton is scheduled to headline a rally in New Haven to raise money for Democrats running in elections across the country. Clinton is set to appear at the event at the Omni New Haven Hotel on Tuesday. He'll be joined by Gov. Dannel P. Malloy and Lt. Gov. Nancy Wyman, who are seeking re-election in November.

  • O'Neill Theater: where stars were born

    O'Neill Theater: where stars were born

    Friday, August 29 2014 5:37 PM EDT2014-08-29 21:37:42 GMT
    It's a running joke that if you mention the Eugene O'Neill Theater Center to nearly anyone in Hollywood they're going to know exactly what you're talking about because odds are they might have gotten their first big break there. Would you believe some Hollywood's biggest stars -- Meryl Streep, Michael Douglas, Angela Bassett -- got their start in a big red barn in the middle of nowhere.
    It's a running joke that if you mention the Eugene O'Neill Theater Center to nearly anyone in Hollywood they're going to know exactly what you're talking about because odds are they might have gotten their first big break there. Would you believe some Hollywood's biggest stars -- Meryl Streep, Michael Douglas, Angela Bassett -- got their start in a big red barn in the middle of nowhere.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices