Plainridge, CT Casinos See Drop in August Revenue – It Seems Renue Down All Over The Country

MGM Tower at Foxwoods - Right side.

Fox and Grand Pequot Hotels & Casinos

In Connecticut, Brian Hallenbeck of the New London Day reported both of southeastern Connecticut’s casinos reported that Foxwoods and Mohegan Sun’s slot-machine winnings last month were down slightly over August 2015 totals.

Foxwoods Resort Casino “won,” or kept, $41.9 million in August slots wagers after paying out prizes, 1.4 percent less than the $42.5 million it kept the same month last year.

Mohegan Sun Resort Casino

Mohegan Sun Resort Casino

Mohegan Sun’s win for the month totaled $50.6 million, down 2.7 percent over August 2015, when it won $52 million.

Differences in the calendar made for a difficult comparison: August 2015 had five Saturdays and five Sundays while August 2016 had four Saturdays and four Sundays. The casinos typically do much of their business on weekends.

"The Sky is Falling, The Sky is Falling!"

“The Sky is Falling, The Sky is Falling!”

So, let’s see the comparison of September 2015 & 2016 before we start to think saturation in New England is already here.  September usually shows a drop – people back from vacations, schools reopen, weather starts to change, and hurricane season could always alter who visits and who doesn’t.

If this one month is a concern – wait until 2019 when all hell breaks loose in New England’s casino landscape!

Have a great week.