During the recent quarter, Foxwoods employed the equivalent of 2,350 full-time workers, “a direct result of expanded capacity and resort footprint year over year,” the report says. Payroll costs were higher by $9.9 million, or 26.7%, as the casino recovered from COVID-19 restrictions that had caused it to keep some amenities and offerings closed a year earlier.

In the casino industry, EBITDA is considered a more telling indicator of financial performance than net income, or profit.įoxwoods’ operating expenses in the first quarter of its 2022 fiscal year were up 31.5%. Foxwoods’ EBITDA of $31.1 million in the last three months of 2021 - the first quarter of its 2022 fiscal year - was up 123.5% over the same three months in 2020. In terms of EBITDA, generally defined as earnings before interest, income taxes, depreciation and amortization, Foxwoods' year-over-year performance was even more dramatic, a reflection of COVID-19's impact on casino operations the previous year. 31 totaled $159.9 million, an increase of 42.9% over the same period the year before, a quarterly report posted online Friday shows.

Mashantucket - Foxwoods Resort Casino's net revenues in the quarter that ended Dec.

Foxwoods casino financial statements