Mohegan Sun slot revenue tumbled
Foxwoods had reported similar results day before
Mohegan Sun reported Friday that its January slot-machine revenue was 9.4 percent less than it was the same month a year ago, joining Foxwoods Resort Casino, which reported similarly dismal results the previous day.
Mohegan Sun kept $40.7 million in slots revenue in January, its lowest monthly total since January 2001, when it kept $39.7 million.
Foxwoods kept $31 million in slots revenue last month, an 8.5 percent yearover-year decline and its lowest onemonth total in 25 years.
Both casinos have experienced seven straight months of year-over-year declines in slots revenue.
In Massachusetts, state gaming regulators released January revenue figures for MGM Springfield, the new resort casino battling the southeastern Connecticut casinos for a share of the region’s gaming market. MGM kept $13.1 million in slots revenue last month, an 8.1 percent decline over December. The nearly $1 billion facility opened Aug. 24.
MGM Springfield, which also reports its table-games revenue on a monthly basis, kept $6.6 million wagered at its tables in January, down significantly over the previous month.
The Connecticut casinos, whose table-games revenue is not subject to taxation, only reveal such revenues in quarterly filings.
On Thursday, Rodney Butler, the Mashantucket Pequot tribal chairman serving as Foxwoods’ interim chief executive officer, attributed the sizable decline in January slots revenue to bad weather and the lure of sports betting at Rhode Island casinos. He minimized the effect of MGM Springfield.
In a statement, Michael Mathis, MGM
Mystic — The Town of Stonington on March 7 will hold a forum on a suggested proposal to make a one-way loop through a portion of downtown Mystic to improve traffic flow and increase parking.
The forum will be held from 6 to 7:30 p.m. at the B.F. Hoxie Fire Station.
Stonington Director of Planning Jason Vincent said he has heard that some residents were going to propose the change to the Stonington Board of Police Commissioners.
The idea is to convert Cottrell Street, which borders Mystic River Park, into a oneway street, with cars heading south from Route 1 to Washington Street, and making Willow Street a one-way street in the northerly direction. In addition, Stanton Place, which is narrow, would be made into a one-way street in the easterly direction.
“We want people to tell us if they like the idea or they hate the idea. That’s why we’re having the meeting,” Vincent said.
Last year, the police commission made adjacent Haley Street a one-way street in the westerly direction, to which people have reacted favorably, Vincent said.
He said he does not yet know how many parking spots the plan would generate. He said he does not want the town to spend the time and money to engineer the plan until he hears how residents feel about the proposed change.
Vincent said if the concept is received favorably, then he would try to get the town to allocate funding to hire a traffic engineer to design the change and present it to the Board of Police Commissioners for approval. He said the actual implementation would not be costly and would require adding only signs and striping.