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Slot Machines Still Declining

While there was a time when slot machines were the end all and be all of the gambling industry, this is no longer the case. It used to be that no matter what else you have at your casino, as long as you have slot machines, you didn't have to worry about income coming in. Slot machines are notorious for bringing in large amounts of cash to a casino, and thus allowing the casino to do well.

However once the economy tanked slot machines were not doing their job. People still play the slot machines, they are just not flocking to them in the droves that they used to. At first it was the smaller casinos that started taking the hit, then the larger casinos started seeing slight drops in their slot machine revenues. Now they are seeing much larger drops in revenue, and there isn't much they can do about it.

For example, both Foxwoods and the Mohegan Sun have reported double-digit declines in their slot machine revenues. Foxwoods resort Casino and MGM Grand at Foxwoods have both reported a 13.3% decrease in their slot machine revenues. The Mohegan Sun is showing a decline of 11% in their revenues.

They say that part of the problem is that last year's revenues showed the Labor Day weekend as part of their revenue take. This year it was considered part of September, thus making for an even lower amount of revenue coming in during the month of August. They say that they are happy with what they have brought in, because it could be much worse. With Atlantic City's casinos reported a 14.6% decrease in slot machine winnings so they are happy that they got what they did.

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