Foxwoods June 2011 Slot Revenue Unchanged from a Year Ago

MASHANTUCKET, Conn.--()--Foxwoods Casino Resort and MGM Grand at Foxwoods today reported that its June 2011 slot revenue was unchanged from a year ago despite a modest decline in total handle. Slot revenue for June 2011 was $51.0 million, the same as June 2010. Total handle for June 2011 was down 3 percent to $616.4 million from the $636.9 million reported last year. Owned by the Mashantucket Pequot Tribal Nation, Foxwoods contributed $13.8 million this month to the State of Connecticut special revenue fund.

“Our monthly slot revenue appears to be stabilizing and we are beginning to experience the benefits of a more efficient, more customer-focused operation capable of improving its key customer offerings and its bottom line at the same time,” said Foxwoods CEO Scott C. Butera.

“Along those lines, we continue to invest in advanced slot technologies and a variety of new gaming products and entertainment attractions, and are well on our way toward replacing over 1000 slot machines,” Butera said. “If the economy continues to recover, we believe we can leverage these improvements into new customer relationships and long-term profitable growth.”

Each month, Foxwoods reports slot revenue to the Connecticut State Division of Special Revenue. The report is released at mid-month and covers the prior business month.

Summer’s “Hot” at Foxwoods

The fun continues this summer at Foxwoods with free concerts and live performances by top name entertainers plus a rousing send-off for the Red Sox, who enter the second half of the major league baseball season leading their division.

The Foxwoods Resort Casino and MGM Grand at Foxwoods will feature first-rate entertainment in July and August including:

July     August
“Legends in Concert” (1st thru - Sept 4)

Kool & the Gang (19th )Free

Peter Frampton (16th)

Comix Presents Cedric the Entertainer (23rd)

Salt ‘N Pepa with SWV (26th)Free

Steely Dan (July 29th)

Alison Krauss & Union Station (6th)

Train & Maroon 5 (7th)

The Beach Boys (12th)

Alice Cooper (13th)

Pitbull (20th)

ZZ Top (26th)

Jay Leno (27th)

July has been Red Sox Month at Foxwoods. Visitors can register to win game tickets, on-field batting practice and game-watching from inside Fenway Park’s vaunted Green Monster scoreboard. And speaking of Green Monster, visitors can have their pictures taken with the Red Sox mascot when he caps off the month with a personal appearance from Noon to 2:00 pm on July 30.

At month’s end (July 30) Foxwoods Seafood Festival gets underway with scrumptious lobster, crab, and other briny delights.

Finally, there is lots of adventures in store for visitors to the Mashantucket Pequot Museum and Research Center in July and August. Among them, senior researcher Dr. Jason Mancini will lead a three-mile hike into to the heart of the Pequot Reservation on July 30 to explore its fascinating habitats and archeological sites; and on August 11 head curator Steve Cook and educator Candyce Testa will take visitors on a bug hunting expedition at the Farmstead. For more information, visit the museum website -- www.pequotmuseum.org.

About Foxwoods and MGM Grand at Foxwoods

North America’s largest casino, Foxwoods Resort Casino® is located at the Mashantucket Pequot Indian reservation in the midst of the rolling hills of southeastern Connecticut, easily accessible from Boston, New York, Hartford, and Providence. Owned by the Mashantucket Pequot Tribe, Foxwoods has something for everyone as the East Coast’s premier entertainment destination. Four award-winning hotels offer accommodations to suit every budget, along with luxury butler-serviced villas, extensive retail offerings, and more than 30 dining establishments featuring everything from world-class gourmet cuisine to casual fare. Six casinos offer non-stop gaming excitement with more than 6,500 slots and 350 table games; 97 poker tables in the only WPT World Poker Room™ on the East Coast; a High Stakes Bingo hall; and Ultimate Race Book. The renowned Norwich Spa at Foxwoods and the tranquil oasis of G-Spa provide the perfect escape to recharge the mind, body, and soul. Meetings and convention goers will find more than 115,000 square feet of meeting space, including the largest column-free ballroom in the northeast, MGM’s 50,000 square foot Premiere Ballroom. Two acoustically-perfected theaters offer weekly entertainment for all ages. The original state-of-the-art Fox Theater, seating 1,400, was opened in 1993 by the legendary Frank Sinatra. The majestic 4,000-seat MGM Grand Theater hosts an impressive variety of weekly headline entertainment. Conveniently located adjacent to Foxwoods is Lake of Isles™, featuring two 18-hole championship golf courses designed by Rees Jones and a state-of-the-art Golf Academy. Foxwoods supports responsible gaming, and plays a leadership role in the Connecticut Council of Problem Gambling, of which it was a founding entity. For more information, call 800-FOXWOODS or visit www.foxwoods.com.

About the Mashantucket Pequot Tribal Nation

The Mashantucket Pequots are a native Algonquin people in southeastern Connecticut who endured centuries of conflict, survival, and continuity on and around one of America’s oldest Indian reservations, established in 1666. As the first native people within the borders of the continental United States to suffer attempted genocidal massacre by Puritan Colonists in 1637, the Pequots and their repatriation is an unprecedented story of restoration exhibited in detail at the Tribe’s world-class Museum and Research Center (www.pequotmuseum.org). Today, the Mashantucket Pequot Tribal Nation owns the largest resort casino in North America, Foxwoods Resort Casino (www.foxwoods.com), along with several other economic ventures, including the Lake of Isles Golf Course (www.lakeofisles.com); a joint-venture partnership establishing the MGM Grand at Foxwoods; and Foxwoods Development Company, dedicated to world-class resort development throughout the United States and Caribbean. All together, the Mashantucket Pequot Tribal Nation remains one of the State of Connecticut’s highest tax payers and largest employers, and has contributed more than $3 billion to the state of Connecticut in accordance with the Tribe’s gaming-revenue-sharing agreement, established in 1993. Likewise, the Tribe provides significant financial contributions to state and local nonprofit organizations that support neighboring communities.

Contacts

for Foxwoods Resort Casino
Hud Englehart, 773-281-1100
hud@beaconadvisors.us

Contacts

for Foxwoods Resort Casino
Hud Englehart, 773-281-1100
hud@beaconadvisors.us