Mohegan sun records $49.2 million in slot revenues for june

Mohegan sun records $49.2 million in slot revenues for june

As it pushes ahead with the plan to build a Connecticut casino in partnership with the Mashantucket Pequot Tribal Nation, the federally-recognized Mohegan Tribe has reportedly revealed that June slot revenues from its Mohegan Sun property rose by 7.65{daf4917e139743f8a3de9d28705732f37cb26bada03bb469c1689b15f9e822ad} year-on-year to reach just over $49.2 million.

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According to a report from The Bulletin newspaper, the Uncasville-based tribe also ended its latest fiscal year on June 30 with slot revenues that were $12.7 million higher than for the previous twelve-month period thanks to a 0.03{daf4917e139743f8a3de9d28705732f37cb26bada03bb469c1689b15f9e822ad} increase in its annual hold percentage to 8.14{daf4917e139743f8a3de9d28705732f37cb26bada03bb469c1689b15f9e822ad} and despite the venue offering an average of 177 fewer machines at 4,933.

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The tribe’s casino-operating Mohegan Gaming and Entertainment vehicle reportedly declared that the Mohegan Sun recorded total handle for June of $605.3 million while the month’s performance will see it hand over $12.3 million to Connecticut’s special revenue fund as part of its revenue-sharing agreement with the state.

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The newspaper reported that the Mohegan Sun’s June slot revenues were additionally helped by the second annual Barrett-Jackson Northeast Auction, which is one of the region’s most popular automobile shows and attracted some 72,000 visitors to the venue from June 21 to 24.

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“Our [Barrett-Jackson] Northeast Auction has evolved into an exciting automotive lifestyle event that’s unrivaled in the region,” read a statement from Steve Davis President for Barrett-Jackson Auction Company.
However, The Bulletin reported that June’s slot revenues were 2.6{daf4917e139743f8a3de9d28705732f37cb26bada03bb469c1689b15f9e822ad} lower month-on-month while the venue’s hold percentage was the smallest for any month in 2017. The Mohegan Sun recorded slot takings of $52.98 million in April with the figure since declining every subsequent month.