International edition
May 11, 2021

Mohegan Sun and Foxwoods reported monthly rises in revenues

Connecticut casinos see recovery signs in January

Connecticut casinos see recovery signs in January
Foxwoods plans to open a new casino in Puerto Rico later this year.
United States | 02/24/2021

Foxwoods posted $24.5 million in revenues for January, up 14% from December's $21.5 million. Mohegan Sun saw slots revenue bounce back in January, rising 16.7% from the previous month. Both of Connecticut’s casino operators are looking overseas for growth.

M

ohegan Sun and Foxwoods in Connecticut showed signs of recovery in the gaming industry as they both reported a rise in revenue in January.

Foxwoods last week posted $24.5 million in revenues for January, up 14% from December's $21.5 million, as reported by Hartford Business. Mohegan Sun saw slots revenue bounce back in January, rising 16.7% to $37.6 million, up from $32.2 million in December.

While still 14% below the $43.8 million in revenues posted in the year-ago period, before the pandemic hit the state, Mohegan Sun’s results showed a rebound from post-pandemic lows recorded late last year. The handle rose 9.4% to $441 million in January from $403.4 million December, down 16.6% from the $529 million in January of 2020. 

Both of Connecticut’s casino operators are looking overseas for growth. Mohegan Sun’s parent company, Mohegan Gaming & Entertainment, announced last month that it would bid on a license to develop a resort casino in Japan to expand its footprint in Asia. MGE plans to open a $5 billion resort at Incheon International Airport in South Korea in 2022. Foxwoods plans to open a new casino in Puerto Rico later this year.

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