LEDYARD, CT (CelebrityAccess) — Foxwoods, the largest Casino has announced that they plan on trimming the number of table games and slot machines in order to make space for new nightclubs and other entertainment offerings.
"We think we have too much gaming," Foxwood's new CEO Felix Rappaport told the Associated Press in an interview earlier this week.
According to Rappaport, Foxwoods will seek to reposition itself from earning 80 percent of its revenue from gaming, to 65 or 70 percent in the future, with the difference coming from alternative entertainment offerings.
The tribal-owned casino currently features 5,800 slot machines and 350 table games in several different casinos on the property, but has been facing declining gambling revenues as it struggles with debt accumulated during previous expansions, and with new competition in neighboring sates. – Staff Writers