The tribal operators of Mohegan Sun on Friday posted a 7.6 percent decline in May slot revenues, marking its eleventh consecutive monthly decrease.
Mohegan Gaming & Entertainment (MGE) said it booked over $47.7 million in slot revenue last month, down from the $51.7 million recorded in May 2018.
The amount slot bettors wagered in May, known as the “handle,” was $586.9 million, down approximately 4.8 percent from the $616.8 million wagered in the year-ago period.
MGE, which is required by a state gaming compact to pay 25 percent of its slot revenues to the General Fund, said it contributed more than $11.9 million last month.
Mohegan has consistently recorded lower monthly slot revenues since MGM launched a new casino and entertainment complex in Springfield in Aug. 2018. Foxwoods, which is expected to report its May slot revenue totals in the coming days, has also posted monthly slot revenue decreases since MGM’s debut.
MGE is teaming with the Mashantucket Pequot Tribe, which operates Foxwoods Resort Casino, to build a jointly run $300 million casino and entertainment complex in East Windsor in an effort to remain competitive in the northern corridor of the state.
