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Connecticut Casino Slot Gambling Revenue Down In October

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The Connecticut casinos have teamed up in recent months to try and steal business away from Atlantic City casinos. It turns out that billboard campaign they have been working on is not bringing in the type revenue the casinos had expected.

In October, slot gambling revenue was down four percent from the same period the previous year. The revenue of $54.8 million, however, was on par with the figures from September. The year over year loss has become common during these economic times in the US.

Other major gambling destinations have had revenue declines even worse than Connecticut. New Jersey and Nevada, the two biggest gambling destinations in the country, have experienced double digit losses for many months over the past year.

Mohegan Sun had an increase in slot revenue from September to October of six percent, or $3.5 million. Foxwoods and MGM Grand stayed around the same in both months.

The Connecticut casinos, Mohegan Sun and Foxwoods, felt they had an opportunity to expose the failing AC casino industry. The casinos teamed up for a billboard campaign along the New Jersey Turnpike encouraging gamblers to come North to Connecticut to do their gambling.

Connecticut is also facing increased competition in the Northeast. Pennsylvania and New York have been aggressive in expanding their casino gambling options, and even AC casinos have been working on ways to revive their business.

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