Gaming revenues at Plainridge Park Casino in Massachusetts and Foxwoods and the Mohegan Sun in Connecticut after taking a nosedive for several months, appear to be leveling off.
In April Plainridge Park, which has 1,250 slot machines at its horse racing facility reported gross revenues of $13.3 million, which, although a technical decline from the month before, was actually a slight increase of $8,000 due to the fact that April had one less day than March.
General Manager Lance told the Providence Journal: “We’re continuing to focus on refining our marketing efforts and looking forward to supporting a longer harness racing season.” The racino opened in June, peaked in July, and declined after that, reaching a low mark of $11.2 in December. The casino has so far made less than half of the $300 million that state officials predicted for its first year.
The Mohegan Sun reported slots profits of $49.5 million for April, a 6 percent increase over the same month two years ago.
Foxwoods took in $38.7 million for April, which was a 2.7 percent decrease, the smallest one-month decline since 2014.
Ray Pineault, Mohegan Sun president and general manager issued a statement: “Economic indicators and consumer confidence are on the upswing,” he said. He cited lower gas prices, a strong entertainment calendar and good weather as reasons for the change.
Both Indian casinos are in the midst of expansions. Foxwoods opened the Tanger Outlets last year. The Mohegan Sun plans to open a 400-room hotel in several months.
Both tribes are working together to try to site a host community for a third satellite casino that they would operate together.
