Casinos Report Lower Revenue

By CURT CLARK

Published: Sep 17, 2010 12:00 am

HARTFORDÂ (AP) â The two Indian-run casinos in Connecticut said revenue in August fell from the same month last year, with one of the businesses blaming the weak economy.

Foxwoods Resort Casino said Monday its slot revenue was $59.2 million, down from $63.1 million in August 2009, or 6 percent. The Mashantucket Pequot Tribal Nation, which owns the casino, paid nearly $16 million to the state in August, the share required in its agreement with the state.

William Sherlock, president of Pequot Gaming Enterprises, said the decline was due to the economyâs weak recovery.

The Mohegan Sun reported revenue of $67 million in August, down from $69 million in August 2009, or 3 percent.

Its contribution to the state was about $17.3 million.

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The voters certainly spoke — and I respect the outcome — but let’s not forget that a “majority” doesn’t mean everyone agreed. Many of us are deeply concerned about the rising cost of living here. Supporting schools and services is important, but so is ensuring that residents can afford to stay in the town they love. We all want Newtown to be a great place to live, but lately, it’s starting to feel less like “Nicer in Newtown” and more like “More Expensive in Newtown.” That’s not sustainable, and it’s not a criticism of the town itself — it’s a call for responsible budgeting and long-term planning that doesn’t rely on tax increases year after year. I hope future decisions will reflect not just the desire to maintain services, but also the need to ease the financial burden on residents.

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I appreciate the passion behind this message, and I absolutely understand the desire to invest in our town. That said, I voted no — not because I don't care about Newtown, but because I do. Fiscal responsibility is not about ignoring problems, it’s about making sure we address them in a sustainable and transparent way. It’s frustrating to feel like every year there’s a new “urgent” reason to raise taxes, with little serious effort to curb spending or prioritize needs. I worry this just sets the stage for another round of increases next year. That doesn't mean I’m against education, safety, or our town’s future — it means I believe in accountability and in asking tough questions about how our money is managed. Voting no wasn't a rejection of Newtown — it was a call for more thoughtful, balanced leadership. I hope future conversations can include all perspectives, not just those willing to write a bigger check.

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Casinos Report Lower Revenue

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