Foxwoods Resort Casino Annual Report

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Connecticut may not have regulated online sports betting yet but local stakeholders are setting out their stall in preparation.

DraftKings announced on Monday it has entered into a multi-channel deal with the Mashantucket Pequot Tribal Nation – the owner of Foxwoods Resort Casino.

Under the agreement, DraftKings will run sports betting for the tribe, pending state-wide legalization.

January marked the seventh straight month that the slot receipts have dropped at both Mohegan Sun and Foxwoods Resort Casino, according to U.S. News & World Report. In annual gross gaming. The largest resort casino in the United States, Foxwoods earns $1.2 billion in annual revenue, with 2,230 hotel rooms, 150,000 sq. Of meeting space, more than 6,300 slot machines, 350 table games and 8,000 employees. In his role, Butera oversees all aspects of resort business including gaming, hospitality, retail and entertainment operations.

Exclusive rights to CT sports betting?

In a statement, DraftKings noted the Mashantucket Pequot and Mohegan tribes had exclusive rights to operate gaming within Connecticut’s borders.

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The tribes have argued in the past that their exclusivity on casino games extends to sports betting.

And they have warned if their exclusivity is breached, they would file a lawsuit against the state and cease making $250 million in annual revenue-sharing payments.

However, stakeholders like Sportech, which runs off-track horse racing betting parlors in the state, argue they should be cut in to sports betting also.

Any legalization bill would have to address that issue. But in the meantime, it looks like DraftKings has chosen its horse, and is one less political opponent for the tribes to fight.

Landmark deal for Connecticut sports betting

Foxwoods Resort And Casino Ct

“This is a landmark deal in collaboration with the Mashantucket Pequot Tribal Nation as well as a critical next step to bringing America’s top-rated sportsbook app to sports fans in Connecticut,” said Matt Kalish, co-founder and president of DraftKings North America.

“The national expansion of regulated sports betting is among our top strategic priorities. DraftKings today is live with mobile sports betting in 10 states, more than any other operator in the US. Teaming up with the tribe will allow us to extend our reach even further.”

DraftKings will also become Foxwoods’ first-ever daily fantasy sports partner, starting Dec. 13.

The two will offer online promotions and contests to enhance fan engagement.

Still hurdles to clear

“Partnering with DraftKings, the most prominent name in sports betting, reinforces the Mashantucket Pequot Tribe’s position as a leader in the gaming and entertainment industry,” said tribal chairman Rodney Butler.

“We’ve proven our ability to shape the future of gaming time and time again. And now we’re ready to drive sports wagering and online gaming for the state of Connecticut. Working through the tribal gaming compacts, we will help bolster our economy with much-needed revenue and virtual entertainment.”

The tribal compacts would need to be expanded to include sports betting. Foxwoods and Mohegan Sun currently pay 25% of their slot revenue to the state.

Who else wants to get into CT sports betting?

The deal shifts the onus to CT’s other tribe, the Mohegan Tribe. They partnered with Kambi back in 2019, suggesting they may look to operate sports betting under their own brand. Will the DraftKings deal change their plans?

MGM Resorts International and the tribes have also hoped to build a casino in Bridgeport, an effort that has been tied up in the courts. MGM, which operates a casino in Massachusetts and is making a play for sports betting everywhere it is available, would obviously like to be involved in Connecticut sports betting.

Foxwoods Resort Casino Annual Report 2019

MASHANTUCKET, Conn., Dec. 18, 2017 /PRNewswire/ -- Foxwoods® Resort Casino has reported slot revenue of $38.3 million for the month of November 2017. This figure is up 8.3 percent compared to $35.4 million in November of 2016. Handle for the month was $473.5 million, up 4.5 percent from the $453 million wagered in the same month in 2016.

Since 1993, the Mashantucket Pequot Tribal Nation has infused over $4 billion of Foxwoods' slot revenue into the Connecticut state economy through the Mashantucket Pequot Fund, supporting much-needed programs and services throughout Connecticut. Foxwoods' contribution to the state in November 2017 is $9.6 million.

Foxwoods Resort Casino Annual Report 2020

The state-of-the-art Grand and Fox Theaters hosted an array of fascinating performers this November ranging from GRAMMY Award-winning rock group Evanescence, to world-class comics Tracy Morgan and Mike Birbiglia, to renowned violinist and performing artist Lindsey Stirling.

Foxwoods' guests were also able to drink in the festive atmosphere of Foxwoods On Tap, which was back by popular demand for a second successful year. Beer lovers to sampled over 150-plus craft beers from over 70 of America's best breweries.

Casino

This holiday season, Foxwoods has plenty of reasons to be thankful, but none more important than the success of the property's annual 'Stuff the Bus' campaign supporting the United Way of Southeastern Connecticut and its 'Tommy Toy' Fund program. By the end of the campaign on December 11, buses were overflowing with thousands of unwrapped toys, blankets, pajamas, jackets and diapers to be donated to families in need.

Speaking of the holidays, those looking to wrap up their holiday shopping while cashing in at Foxwoods are in luck thanks to Shop, Dine & Win. Through December 21, when guests spend $100 at the Tanger Outlets at Foxwoods they will receive a $10 gift card to Guy Fieri's Foxwoods Kitchen + Bar. One lucky winner will receive a Tanger Outlets at Foxwoods gift card worth up to $5,000 and five others will each win a Tanger Outlets at Foxwoods gift card valued at $1,000!

There's always something new at Foxwoods and on December 18 Foxwoods is excited to open Rainmaker Stadium, a stadium gaming experience featuring dealer-assisted electronic table games that promises the thrill of multi-game action from the comfort of a single play terminal.

Foxwoods will close out 2017 with a bang thanks to a star-studded December entertainment slate including can't miss shows from late night comedy icon John Oliver on December 29 and 30 and rock legends The B-52's on New Year's Eve. Tickets for all events can be purchased at foxwoods.com.

Foxwoods Resort Casino Hotel

About Foxwoods Resort Casino

25 Years Proud: Since 1992, Foxwoods Resort Casino has offered guests The Wonder Of It All as the premier resort destination in the Northeast. As the largest resort casino in North America, Foxwoods offers a vast array of gaming in seven casinos; AAA Four-Diamond hotels, restaurants from gourmet to quick service, world-renowned spas, award-winning golf, state-of-the-art theaters, exclusive retailers and free-to-play online casino games at FoxwoodsONLINE.com. Foxwoods is owned and operated by the Mashantucket Pequot Tribal Nation and was the first full-service casino built on tribal land, pioneering a nationwide movement that now includes more than 400 gaming properties owned and operated by over 200 tribes across the U.S. For more information on Foxwoods and the property's 25th anniversary celebrations, visit foxwoods.com.

About the Mashantucket Pequot Tribal Nation

Mohegan Sun

The Mashantucket Pequots are a native Algonquin people in southeastern Connecticut who endured centuries of conflict and survival on the oldest continuously occupied reservation in the U.S. (est. 1666). As the first native people within the continental United States to survive attempted genocidal massacre by European immigrants (1637), the Mashantucket Pequots have an unprecedented story of restoration, which is exhibited at their world-class Museum and Research Center (www.pequotmuseum.org). For more information, visit www.mashantucket.com.

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