Foxwoods Resort Casino Annual Report
MASHANTUCKET, Conn.--(BUSINESS WIRE)--Foxwoods® Resort Casino has reported slot revenue of $38.3 million for the month of October 2017. This figure is up 3.4 percent compared to $37 million in October of 2016. Handle for the month was $488.1 million, up .9 percent from the $483.5 million wagered in the same month in 2016.
Since 1993, the Mashantucket Pequot Tribal Nation has infused over $4 billion of Foxwoods’ slot revenue into the Connecticut state economy through the Mashantucket Pequot Fund, supporting much-needed programs and services throughout Connecticut. Foxwoods’ contribution to the state in October 2017 is $9.9 million.
Foxwoods guests won big in October including at the Foxwoods Bingo Hall where three lucky winners took home their share of the Oktoberfest Bingo $1,000,000 jackpot! The excitement continued as football fans from far and wide participated in the $300,000 Pro Football Challenge where the contestant with the most correct NFL picks each week walks away with $2,500. The competition runs all season long and if you correctly select 194 or more games during the season, you could win the $250,000 Grand Prize!
World-class entertainment abounded all month long at the state-of-the-art Grand and Fox Theaters with mesmerizing performances from pop icon Mariah Carey, soul legend Patti LaBelle, international sensation Ricky Martin and celebrity chef Alton Brown among others.
October is National Breast Cancer Awareness Month and Foxwoods and the Tanger Outlets were proud to bring back the annual PinkSTYLE shopping program. Throughout the month, guests who purchased a $10 Pink Card unlocked 25 percent off discounts at participating stores in the Tanger Outlets at Foxwoods with proceeds benefiting the Breast Cancer Research Foundation and the L&M Waterford Smilow Hospital Care Center.
The giving continues at Foxwoods this November, as the property’s annual “Stuff the Bus” campaign returns to support the United Way of Southeastern Connecticut and its “Tommy Toy” Fund program. Until December 11, unwrapped toys, blankets, pajamas, jackets and diapers will be collected daily from 8:00 a.m. until 12:00 a.m. at the Foxwoods Bus Terminal as well as at all Foxwoods hotel lobbies and select locations in the Tanger Outlets at Foxwoods.
Foxwoods Resort Casino and Mohegan Sun Casino, once the two largest and most successful casinos in the world, are bearing the brunt of the northeast’s expanding gaming market with combined drops in revenues and the workforce of almost 40 percent in the last eight years – and conditions aren’t likely to improve any time soon, according to a new report.
- Net revenues at Foxwoods Resort Casino were $787.8 million, down 5% from $828.9 million in fiscal 2018. The annual fiscal reports, filed in late December, both attribute the decline to lower.
- The opening of the Tribal Nation’s Foxwoods Resort Casino brought in thousands of jobs much needed in the region. The resort alone employs 12,934 people, both full-and part-time, and 9,757 are Connecticut residents. In addition, since 1993, the State of Connecticut receives 25 percent of gross slot machine revenues, which amounted to $174.
- Dec 31, 2019 Foxwoods’ annual report, posted on the website of the Electronic Municipal Market Access system, shows the Mashantucket Pequot-owned casino’s net revenue declines can be attributed to a decrease in.
November’s entertainment slate is off to a dazzling start thanks to an extended run of MINDFREAK LIVE! starring Criss Angel and unforgettable shows from Evanescence and Lindsey Stirling. Lager lovers drank in the second annual Foxwoods On Tap which featured 150-plus craft beers from over 70 of America’s best craft breweries. Later this month, guests can enjoy performances from pop supergroup 98° and comedy all-stars Tracy Morgan and Mike Birbiglia. Tickets for all events can be purchased at foxwoods.com.
Check off the holiday shopping list while cashing in at Foxwoods this month with Shop, Dine & Win. From November 17 through December 21, guests will receive a $10 gift card to Guy Fieri's Foxwoods Kitchen + Bar for every for every $100 spent daily at the Tanger Outlets at Foxwoods. One lucky winner will receive a Tanger Outlets at Foxwoods gift card worth up to $5,000 and five others will each win a Tanger Outlets at Foxwoods gift card valued at $1,000!
About Foxwoods Resort Casino
25 Years Proud: Since 1992, Foxwoods Resort Casino has offered guests The Wonder Of It All as the premier resort destination in the Northeast. As the largest resort casino in North America, Foxwoods offers a vast array of gaming in seven casinos; AAA Four-Diamond hotels, restaurants from gourmet to quick service, world-renowned spas, award-winning golf, state-of-the-art theaters, exclusive retailers and free-to-play online casino games at FoxwoodsONLINE.com. Foxwoods is owned and operated by the Mashantucket Pequot Tribal Nation and was the first full-service casino built on tribal land, pioneering a nationwide movement that now includes more than 400 gaming properties owned and operated by over 200 tribes across the U.S. For more information on Foxwoods and the property’s 25th anniversary celebrations, visit foxwoods.com.
About the Mashantucket Pequot Tribal Nation
The Mashantucket Pequots are a native Algonquin people in southeastern Connecticut who endured centuries of conflict and survival on the oldest continuously occupied reservation in the U.S. (est. 1666). As the first native people within the continental United States to survive attempted genocidal massacre by European immigrants (1637), the Mashantucket Pequots have an unprecedented story of restoration, which is exhibited at their world-class Museum and Research Center (www.pequotmuseum.org). For more information, visit www.mashantucket.com.
Connecticut may not have regulated online sports betting yet but local stakeholders are setting out their stall in preparation.
DraftKings announced on Monday it has entered into a multi-channel deal with the Mashantucket Pequot Tribal Nation – the owner of Foxwoods Resort Casino.
Under the agreement, DraftKings will run sports betting for the tribe, pending state-wide legalization.
Exclusive rights to CT sports betting?
In a statement, DraftKings noted the Mashantucket Pequot and Mohegan tribes had exclusive rights to operate gaming within Connecticut’s borders.
The tribes have argued in the past that their exclusivity on casino games extends to sports betting.
And they have warned if their exclusivity is breached, they would file a lawsuit against the state and cease making $250 million in annual revenue-sharing payments.
However, stakeholders like Sportech, which runs off-track horse racing betting parlors in the state, argue they should be cut in to sports betting also.
Any legalization bill would have to address that issue. But in the meantime, it looks like DraftKings has chosen its horse, and is one less political opponent for the tribes to fight.
Landmark deal for Connecticut sports betting
“This is a landmark deal in collaboration with the Mashantucket Pequot Tribal Nation as well as a critical next step to bringing America’s top-rated sportsbook app to sports fans in Connecticut,” said Matt Kalish, co-founder and president of DraftKings North America.
“The national expansion of regulated sports betting is among our top strategic priorities. DraftKings today is live with mobile sports betting in 10 states, more than any other operator in the US. Teaming up with the tribe will allow us to extend our reach even further.”
DraftKings will also become Foxwoods’ first-ever daily fantasy sports partner, starting Dec. 13.
The two will offer online promotions and contests to enhance fan engagement.
Still hurdles to clear
“Partnering with DraftKings, the most prominent name in sports betting, reinforces the Mashantucket Pequot Tribe’s position as a leader in the gaming and entertainment industry,” said tribal chairman Rodney Butler.
Foxwoods Resort Casino Bingo Schedule
“We’ve proven our ability to shape the future of gaming time and time again. And now we’re ready to drive sports wagering and online gaming for the state of Connecticut. Working through the tribal gaming compacts, we will help bolster our economy with much-needed revenue and virtual entertainment.”
Foxwoods Resort Casino Annual Report Date
The tribal compacts would need to be expanded to include sports betting. Foxwoods and Mohegan Sun currently pay 25% of their slot revenue to the state.
Who else wants to get into CT sports betting?
The deal shifts the onus to CT’s other tribe, the Mohegan Tribe. They partnered with Kambi back in 2019, suggesting they may look to operate sports betting under their own brand. Will the DraftKings deal change their plans?
MGM Resorts International and the tribes have also hoped to build a casino in Bridgeport, an effort that has been tied up in the courts. MGM, which operates a casino in Massachusetts and is making a play for sports betting everywhere it is available, would obviously like to be involved in Connecticut sports betting.