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CT casinos end 2013 with declining slots revenue

Foxwoods’ slots revenue fell nearly 15 percent in December to $37.6 million, while Mohegan Sun’s fell 8.2 percent to $45.9 million, the casinos reported Wednesday.

It was the lowest monthly total of the calendar year for Foxwoods, which in November had posted its first year-over-year gain since Feb. 2012.

Foxwoods CEO Scott Butera said competition, weather, and the holidays all played a role in the results, which he said was in line with the casino’s expectations for the month.

For Mohegan, which booked increases in August and October, it was the second-lowest slots revenue of the year.

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The total amount bettors wagered on slots, known as the handle, fell at both casinos for the month. Foxwoods reported a handle of $431.5 million, down 21 percent from $548.5 million, while Mohegan’s handle fell 7.4 percent to $570.6 million.

Foxwoods will pay $9.4 million to the state’s special revenue fund for the month, down from $11.6 million a year ago. Mohegan will pay $11.5 million, down from $12.5 million in December 2012.

For calendar year 2013, Foxwoods’ slots revenue totaled $530.5 million, down 8 percent from 576.9 million in 2012.

Mohegan’s annual slots revenue totaled $614.4 million, down 5.9 percent from $652.7 million last year.

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Like the state, both casinos operate on a July-to-June fiscal year.

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