Wagering, revenue continue tumble at Conn. casinos - ABC6 - Providence, RI and New Bedford, MA News, Weather

Wagering, revenue continue tumble at Conn. casinos

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HARTFORD, Conn. (AP) - Connecticut's two Indian casinos have again reported monthly drops in slot machine betting and revenue.

The Mohegan Sun said Tuesday that total slot machine bets in June totaled $574.9 million, down 10 percent from June 2013. Foxwoods Resort Casino reported total wagering of $479.1 million in June, down 5 percent from the same month last year.

The Mohegan Sun said the share of wagers known as revenue was $45.3 million, down 10 percent from June 2013. Foxwoods reported revenue of $37.7 million, a 13 percent drop.

With only some exceptions, wagering and revenue have been falling steadily at the two casinos, which face increasing competition and flagging consumer demand in the weak economic recovery.

Foxwoods and the Mohegan Sun are looking to expand into Massachusetts.

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