February slot revenue keeps pace with last year
March 15 2012 - 10:16AM
Business Wire
Foxwoods Resort Casino® today reported that its slot revenue for
February 2012 was $50.6 million, a decline of slightly less than
1.0 percent from the $51.1 million total a year ago. Handle in
February this year was $600.7 million, up $3.6 million from the
same period last year.
“The results reflect positively on the new marketing and
branding initiatives we announced in the middle of February,
including our popular 20th Anniversary promotions,” said Foxwoods
President & CEO Scott C. Butera. “We are using a more targeted
model to build and retain a profitable customer base. So as
revenues stabilize, we are experiencing strong improvements on the
bottom line.”
The new initiatives that Foxwoods announced on February 15th
included a new retail shopping development for the property, a
revitalized brand marketing campaign, and an improved loyalty
incentive program … all aimed at heightening Foxwoods’ appeal to
regional consumers and national and international events
planners.
The Casino contributed $13.8 million to the Connecticut Special
Revenue Fund based on February 2012 revenue. Since opening in 1992,
Foxwoods has made a cumulative contribution to the state of
Connecticut in excess of $3.3 billion.
About Foxwoods ® Resort Casino
Foxwoods Resort Casino is one of the premier entertainment
destinations in the Northeast. As the largest resort casino in
North America, Foxwoods offers a vast array of gaming in six
casinos; AAA Four-Diamond hotels, restaurants from gourmet to
express, world-renowned spas, awarding-winning golf,
state-of-the-art theaters, and exclusive retailers. Perfect for
both recreation and business, Foxwoods provides modern and
versatile convention and meeting space to infuse new life into any
meeting or event. At Foxwoods, you can be anyone and do everything
with endless possibilities of experiences that are Anything but
Ordinary. Foxwoods Resort Casino is owned and operated by the
Mashantucket Pequot Tribal Nation. For a comprehensive look at
Foxwoods Resort Casino and Mashantucket Pequot Tribal Nation visit
Foxwoods.com.
About The Mashantucket Pequot Tribal Nation
The Mashantucket Pequots are a native Algonquin people in
Southeastern Connecticut known for their “Pequot spirit of
survival”. Their unprecedented story can be relived in vivid detail
at the Tribe’s world-renowned Mashantucket Pequot Museum and
Research Center. The tenacity of the Mashantucket Pequots brought
them through centuries of persecution to economic prominence today.
Since opening one of the first Native American gaming halls in the
country in 1986, the Mashantucket Pequot Tribal Nation (MPTN) has
also developed a host of lucrative economic ventures including the
Lake of Isles Golf Course and the Spa at Norwich Inn. The MPTN is
one of Connecticut’s highest state tax payers and largest
employers. The Tribe provides significant financial contributions
to state and local nonprofit organizations that support neighboring
communities. For a comprehensive look the Mashantucket Pequot
Tribal Nation, visit www.mptn-nsn.gov.