State’s casinos see monthly revenue rise
Published: March 21,2011
Players lost $208 million in February — 5.8 percent less than in Feb. 2010, the state Revenue Department said. But the tally increased by 9.7 percent from the $189.7 million won in Jan. 2011.
The eleven casinos along the Gulf Coast won $94 million last month, down 1.9 percent from the $95.8 million gamblers lost in Feb. 2010. Along the Mississippi River, 19 casinos took in $114 million last month, an 8.9 percent drop from $125.1 million won in Feb. 2010.
But February’s statewide total showed a 9.7 percent increase from the $189.7 million the casinos won from players in Jan. 2011.
The performance of the casino business has had its ups and downs during the uneven economic recovery with money for discretionary spending and travel being tight for individuals — and businesses watching dollars spent on conventions, a lucrative target of casinos and the cities that host them.
In Louisiana, which competes on the Gulf Coast with Mississippi for gambling dollars, 13 riverboat casinos, the land casino in downtown New Orleans and four racetrack casinos won $199.5 million last month — down 4.4 percent from the February 2010 figure of $208.7 million.
Following the Mississippi pattern, the Louisiana tally was up 4.3 percent from Jan. 2011.
Casinos in Nevada, which mostly had a flat 2010, saw a decline of 0.7 percent in January winnings from the previous year. Although New Jersey, which has been cut into deeply by competitors in Pennsylvania and Delaware, was only down 1.4 percent from February to February, the tally for the first two months of 2011 has dropped 7.6 percent.
Source: The Associated Press
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Report: Mississippi sees biggest hike in home insurance premiums in U.S.
- Congressional delegation applauds Air Force's decision on Keesler, but not satisfied
- Businessman involved in Frankel insurance scam dies at 81
- Giles Ward will not seek reelection to Senate
- County rescinds gun ban; sheriff says lawmakers may 'deal with the consequences'
- (UPDATED) Making Jackson-Evers affordable to Allegiant is key to regaining Orlando service
- Commission to decide if emergency should be declared in Delta school system
- Leadership in Law nomination form
- Ex-state employee gets jail time for embezzling from school
- MDOT study: State's airports generate $2.5B-plus in economic activity