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MS/FW october financial numbers

FWIW

http://www.norwichbulletin.com/news/business/x1805331290/Foxwoods-Mohegan-Sun-slot-revenue-takes-hit-from-October-storm#axzz1e11MfrYK

"October's rare snowstorm pushed down slot machine revenue....
...Mohegan Sun's "win," or revenue the house keeps after paying off winning gamblers, fell 2.5 percent to $58.8 million last month from $60.3 million a year earlier. Total intake, or what the industry calls "handle," fell 7.3 percent to $700.3 million from $755.8 million...

....Rival Foxwoods Resort Casino said win was down 11.2 percent in October from a year earlier, while handle dropped 14.4 percent to $596.8 million. The snowstorm was a clear drag on business, President and CEO Scott Butera said. Results included MGM Grand...."

Thanks for posting this.

Living in CT, I know a number of people that lost power for at least a week
and, actually, would have welcomed an extra trip to the casinos to see
lights and have a hot meal.assuming, of course, someone could care for the
kids. Forget what the CEOs say. It is meaningless.

Bottom line is that the business climate is different and these casinos are
not operating in the same environment they did 5 years ago. Things will not
be the same.

How much their downgrade on August 1 had an effect on this is still
questionable but I know if nothing had changed I would have been there in
October and know of others who would have been there as well but stayed
away.

Rios

FWIW

http://www.norwichbulletin.com/news/business/x1805331290/Foxwoods-Mohegan-Su
n-slot-revenue-takes-hit-from-October-storm#axzz1e11MfrYK

"October's rare snowstorm pushed down slot machine revenue....
...Mohegan Sun's "win," or revenue the house keeps after paying off winning
gamblers, fell 2.5 percent to $58.8 million last month from $60.3 million a
year earlier. Total intake, or what the industry calls "handle," fell 7.3
percent to $700.3 million from $755.8 million...

....Rival Foxwoods Resort Casino said win was down 11.2 percent in October
from a year earlier, while handle dropped 14.4 percent to $596.8 million.
The snowstorm was a clear drag on business, President and CEO Scott Butera
said. Results included MGM Grand...."

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