Connecticut Casino Revenues Remain Stable Unlike Other States

May 18, 2009 - Written by Glen

The nation on a whole has been experiencing a steady decline in the revenue generated by the different state Casinos. Vegas casinos have been seeing such hardship that many are on the verge of bankruptcy. Against all odds, Connecticut, one of the smallest states, has maintained a comparable level of revenue when compared to last year.

Slot gaming revenue has remained within a .5% margin from last year. These figures are nowhere near the reality for most casinos Nationwide. Optional expenditures are declining in frequency, and as such most gambling venues have been taking a hit. Amongst those on the brink of bankruptcy are some of the largest names in the business, leading to a wavering confidence at the hands of debtors. Still, Indian casino owners in Connecticut are seeing consistency through out hard times.

Michael Speller, current President of Mashantucket Pequot Gaming Enterprises, which is the company owning the five-star Foxwoods Resort, was quoted at saying, "I am thrilled with our recent results and proud to see that the enhancements and additional amenities we have added to our property are resonating with our customers."

Foxwoods and Mohegan Sun create the different choices of Casinos in Connecticut. Both companies have remained consistent despite troubling economic conditions. Unfortunately, adversity is not entirely without mention. A smoking ban is in the legislature which is heavily being considered that would hamper both casinos. Being that casino workers are becoming more unionized, it may be difficult to ignore the demands of the unions when it comes to smoking inside the casinos. Some say this will hurt business, but time is still yet to tell if this law will even make it through state legislature.