Conn. casinos post sharply lower revenue in Dec. - Fox 2 News Headlines

Conn. casinos post sharply lower revenue in Dec.

Posted: Updated:
Connecticut News Connecticut News

HARTFORD, Conn. (AP) - Connecticut's two Indian-run casinos say revenue dropped in December, a month after Foxwoods Resort Casino broke a losing streak with a slight rise in revenue and the Mohegan Sun posted a tiny decline.

Foxwoods said Wednesday revenue declined nearly 15 percent, to $37.6 million compared with $44.2 million in December 2012. Revenue is the share of wagers the casino keeps, and betting was down 21 percent, to $431.5 million. Foxwoods is run by the Mashantucket Pequots.

Mohegan Sun reported Wednesday that revenue fell about 8 percent, to $45.9 million. Wagering fell by 7 percent, to $570.6 million.

Foxwoods Chief Executive Scott Butera said the numbers are what executives expected. He says bad weather and Christmas accounted for fewer customers.

The two casinos face intense competition in the Northeast and a weak economy.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Connecticut NewsConnecticut NewsMore>>

  • President Clinton to headline New Haven rally

    President Clinton to headline New Haven rally

    Former President Bill Clinton is coming to Connecticut to help raise money for the state's Democratic Party.
    Former President Bill Clinton is coming to Connecticut to help raise money for the state's Democratic Party.
  • Metro-North safety practices faulted

    Metro-North safety practices faulted

    Wednesday, August 27 2014 6:07 PM EDT2014-08-27 22:07:45 GMT
    The Metro-North Railroad has sacrificed safety for on-time performance, according to a report released Wednesday by a Metropolitan Transportation Authority panel. The report echoes an assessment conducted this year by the Federal Railroad Administration, which investigated after a string of Metro-North accidents including a December 2013 derailment that killed four riders in the Bronx.
    The Metro-North Railroad has sacrificed safety for on-time performance, according to a report released Wednesday by a Metropolitan Transportation Authority panel. The report echoes an assessment conducted this year by the Federal Railroad Administration, which investigated after a string of Metro-North accidents including a December 2013 derailment that killed four riders in the Bronx.
  • Conn. police dog memorial unveiled

    Conn. police dog memorial unveiled

    Wednesday, August 27 2014 3:40 PM EDT2014-08-27 19:40:50 GMT
    Connecticut officials have unveiled a memorial honoring state police dogs for their courage and sacrifice in serving the public.
    Lt. Gov. Nancy Wyman and other government and police leaders celebrated the new memorial outside state police headquarters in Middletown on Wednesday.
    Connecticut officials have unveiled a memorial honoring state police dogs for their courage and sacrifice in serving the public.
    Lt. Gov. Nancy Wyman and other government and police leaders celebrated the new memorial outside state police headquarters in Middletown on Wednesday.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices