"the People's Paths!" NAIIP News Path - Foxwoods Reports Net Slot

Foxwoods Reports Net Slot

"Win of $63.1 Million in April;
Contribution of $15.7 Million
Reported to Connecticut."

Foxwoods PR Business News
NAIIP News Path ~ Thursday, May 15, 2003

MASHANTUCKET, CONN. - Foxwoods Resort Casino reported to the state Division of Special Revenue a net slot win of $63.1 million with a handle, the amount of business, of $781.5 million for the month of April.
"The overall level of business remained strong during a time of continuing economic uncertainty," said Bill Sherlock, Foxwoods' president and CEO. "We've come out of a challenging winter environment in a good position for a strong summer."
According to figures reported to the Connecticut Division of Special Revenue, the hold percentage, or the amount kept by the casino, was 8.08 percent, meaning that 91.92 percent of all the money that went into the machines was given back to players.
The casino's owners, the Mashantucket Pequot Tribal Nation, also reported today a $15.7 million contribution to the State of Connecticut for April, raising to $160.8 million the amount contributed to the state since the state's last fiscal year ended June 30, 2002.
The funds sent to the state represent a 25 percent share of the casino's net win for slots, and is part of a unique revenue-sharing agreement that results in payments to every town in the state. The tribal nation and the state negotiated the agreement.
The April slot win reported today to the state's Division of Special Revenue noted that the casino's win per unit per day was $319.10.
During the month of April, an average of 6,595 slot machines were in play at Foxwoods.
Readers of Casino Player magazine awarded Foxwoods Resort Casino 35 First Place Wins in its July "Best of Gaming 2002 Awards" issue. With over 6,500 slot machines and 350 table games, Foxwoods offers gaming in a relaxing atmosphere, live entertainment with headliners from around the world, and fine dining at Mashantucket, the ancestral home of the Mashantucket Pequot Tribal Nation in Connecticut. Foxwoods is easily reached via Interstates 95 and 395 and is a short distance from T. F. Green Airport serving Providence, R.I. and Bradley International Airport serving Hartford, Conn. For more information, visit our web site or call 1-800-PLAY-BIG.