Revenue dip continues for Foxwoods and Mohegan in Connecticut

The slot machine revenues of Foxwoods Resort and Mohegan Sun in Connecticut continue its downward spiral even after six months of MGM Springfield starting a casino in neighboring Massachusetts.

Foxwoods posted a revenue of $31 million in slots in January, a decrease of 8.5% year on year. In fact, this is the lowest monthly revenue in about 20 years.

Mohegan Sun recorded even poorer results. It posted revenue of $40.7 million in January, representing a 9.4% slide year on year. This is its lowest monthly slot earnings since 2001.

Both the companies remained upbeat though and claimed that the  slots revenue dips are not as severe as they had forecast. MGM Springfield is meeting its revenue forecast either. It reported GGR of $19.7 million in January, much lower than the anticipated $35 million for the month.