recorded its lowest monthly<\/a> revenue win in January at $19.7 million. MGM Resorts predicted GGR in its first full year would total $418 million. That equates to nearly $35 million, meaning the casino is severely lagging behind premarket revenue forecasts.<\/p>\nTribal Winds<\/b><\/h2>\n
Connecticut’s two tribes \u2013 the Mashantucket Pequot and Mohegan Native Americans \u2013 are developing a satellite casino in nearby East Windsor in an effort to keep critical gaming dollars in the state. But the gaming facility, which will be known as Tribal Winds and house 1,800 slots and 60 table games, was severely delayed when former US Interior Secretary Ryan Zinke failed to approve the state’s amended tribal gaming compacts.<\/p>\n
The Department of the Interior finally signed off on the compact amendments last month.<\/p>\n
Connecticut receives 25 percent of the slot win at the tribes’ Foxwoods and Mohegan Sun casinos. But those tax proceeds continue to decline.<\/strong><\/p>\nIn 2006, Mohegan Sun delivered $229.4 million in slot machine tax payments, and Foxwoods $204.2 million. Last year, those numbers came in at $147.8 million, and $115.8 million \u2013 a cumulative reduction of $170 million.<\/p>\n
Foxwoods recently divulged its plans to Casino.org <\/i><\/a>to overhaul its casino and resort. The goal, according to executive Anika Howard, is to incorporate innovating gaming technologies and attractions that appeal to current customer demand, while also bringing in new, younger guests.<\/p>\n","protected":false},"excerpt":{"rendered":"MGM Springfield enjoyed a prosperous March where the integrated resort saw its casino floor win $25.7 million, an increase of 19 percent compared to the prior month. The $960 million property opened August 24, 2018. March was the casino’s second-highest gross gaming revenue (GGR) performance in its seven full months in operation. March was a […]<\/p>\n","protected":false},"author":25,"featured_media":103191,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
MGM Springfield Casino Win Soars 19 Percent, $25.7M Haul Second-Best<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n