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% year-on-year to reach just over $49.2 million.
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% increase in its annual hold percentage to 8.14% and despite the venue offering an average of 177 fewer machines at 4,933.
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.
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.
“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% 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.