Connecticut’s two resort casinos lost 10 percent of their slots revenues in fiscal year 2013, bringing in $132 million less than the previous year.
Mohegan Sun in Uncasville was the better performing of the two, raking in $629 million in slots revenues for the fiscal year that ended June 30, according to its slots report released Monday. That was a 8.8 percent decrease than the $689 million in slots generated in fiscal year 2012.
Foxwoods Resort Casino brought in $543 million for the fiscal year, a 11.6 percent drop from the $614 million from the previous fiscal year, according to its slots report released Monday.
Combined, the two casinos generated $1.17 billion in slots for the fiscal year, down from $1.3 billion the year prior.
At their highest in the mid-2000s, the two casinos brought in $1.7 billion in slots revenue annually.
Those decreases directly impact the state’s general fund budget, which receives 25 percent of the casinos’ slots revenues. For the fiscal year, Mohegan contributed $158 million, a decrease of 11.7 percent. Foxwoods contributed $138 million, a decrease of 16.3 percent.
Both Mohegan and Foxwoods officials repeatedly have said slots are only one metric of their financial health, although it is the only one both are required to report publicly. Other revenue streams include table games, hotels, restaurants, spas, rent, golf courses, and night clubs.
As the two casinos face increased competition in the Northeast gaming market, they are focusing on profitability and not maximum revenue.
In year-over-year slots numbers, Mohegan raked in $50.5 million in June, a decrease of 7.9 percent. Foxwoods brought in $43.4 million, a decrease of 12.3 percent.
