HARTFORD, CONN.: Increased gambling competition is forcing the largest casino in the Western Hemisphere to shift its business to include more nongambling enterprises such as retail and conferences, the chief executive of Foxwoods Resort Casino said.
Scott Butera, CEO of the Indian-run casino, said Foxwoods anticipated the success of New York’s Aqueduct Racetrack “racino.”
A record $1.13 billion was wagered in July at the Resorts World Casino in New York’s borough of Queens. The sums gambled and net revenue of $59.8 million for July were at an all-time monthly high since its opening in October. Butera said Foxwoods, owned by the Mashantucket Pequot Tribal Nation, plans to redevelop food and beverage offerings and looks to improve group sales and corporate events at its MGM Grand hotel.
