Gambling in the USA

Casino revenues drop in Connecticut

Published

6 years ago

November 19, 2018

Niji Narayan

Photo Source: travelzork.com

Reading Time: < 1 minute

Connecticut reports a dip in casino revenues during October. Part of the reason is the start of MGM Springfield in Massachusetts, near the border.

The Foxwoods Resort Casino continued its downward trend from September and suffered 10 per cent drop in slot-machine revenue.

“With MGM Springfield in its first few months of operation, not only did we expect to see an impact, we’ve also consistently and publicly communicated our expectations over the last three years while proactively working towards mitigating any potential loss in revenue,” the casino said in a written statement provided by spokesman Adam Jalbert. “We are pleased to say that, despite the temporary decline in October, our business volume and gaming activity still continues to exceed our expectations.”

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.