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LEDYARD: After years in the recession fueld dumps, Connecticut’s casino’s are seeing some bright lights and the state's’s coffers are feeling the love as well. Revenue from slots were up significantly at Foxwoods Resort Casino, it reported slot revenue of $43.6 million for the month of March 2018. This “take” is up 12.7 percent compared to $38.7 million in March of 2017. The handle [total wageredon slots] at Foxwoods for the month was $516.4 million, up 4.4% percent from the $494.5 million wagered in the same month in 2017.
Mohegan Sun slot's revenue was $54.8 million for March, up 4.2 percent to more than the $52.6 million versus March 2017. The total wagered on slots was up 5.9% at Mohegan Sun
The Casino’s contribution to the state from the slots revenue was nearly %25 million for the month, Foxwoods $10.9 million and Mohegan Sun $13.7 million.Connecticut Casino Revenue Turns Upward
|A Law firm is questioning SJW Group's takeover of Connecticut Water Service, engineerd by former CWS CEO and current SJW CEO Eric W. Thornburg.|
MILWAUKEE,WI: Not everyone is sure that the Connecticut Water Service [Nasdaq: CTWS], is receiving a fair price for its shares in its merger with the SJW Group, [NYSE: SJW, San Jose Water]
The law firm, Ademi & O'Reilly, LLP says it is “investigating the Board of Directors of Connecticut Water Service, Inc. for possible breaches of fiduciary duty and other violations of Connecticut law in connection with the sale of Connecticut Water to SJW.”
The firm allege that “Connecticut Water's long-term financial outlook is improving and yet Connecticut Water shareholders will receive only 1.1375 shares of common stock for each share of Connecticut Water common stock they own, the equivalent of $61.86 per share.”
NEW YORK: The Ethisphere Institute has selected seven major corporations with extensive Connecticut business as among the most ethical in the world.
For twelve years the organization has selected using what it is explains as an “Ethics Quotient, a proprietary rating system that collects and objectively scores self-reported data in five weighted categories.”
In 2018, 135 companies across 23 countries and 57 industries were recognized as Most Ethical Companies by the Institute.
WATERTOWN: Crystal Rock Holdings, Inc. [NYSE CRVP] is being acquired by Cott Corporation [NYSE:COT] for $35 million. Cott is based in Tampa, FL, and has a $2.4 billion market cap.
Cott says it is a “route based service company with a leading volume-based national presence in the North America and European home and office market with more than 2.3 million customers. The company features bottled water “custom” coffee roasting, blending of iced tea, and extract solutions for the U.S. foodservice industry
The acquisition is a 22.8% premium to Crystal Rock’s closing stock price on February 9, 2018, and a 21.7% premium to the company’s 30-day volume weighted average stock price.
HARTFORD: Responders to CBIA’s Fourth Quarter Economic and Credit Availability Survey demonstrate a stable but relatively slow growing environment.
Fewer than a third of companies 28% of companies expect to add employees, up from 21% in the previous quarter. More than half (54%) of surveyed companies say their workforce will remain stable—compared with 63% in the third quarter—while 17% expect to downsize, unchanged from the last quarter.
While Thirty-eight percent of businesses have an improved outlook for their firms, most Connecticut businesses are not participating in the ever increasing global marketplace, with 77% reporting they have no or a minimal amount of international business. 46% of the survey responders were manufacturers, 85% of responders had fewer than 100 employees.
New Haven Magazine