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.
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Comstock quits Tuscaloosa play on falling prices
- Clinton office complex sold for $20.5 million
- Meadville mayor seeks Sojourner's Senate seat
- Entergy plans three solar-power pilot projects
- PHIL HARDWICK: Characteristics of a good year-end fundraising letter
- Shale oil: market correction or longterm direction?
- Record soybean yield is valued at $1.17 billion
- MARTIN WILLOUGHBY: Gary Herring building tomorrow by educating today
- Miss. surgeon sentenced in tax evasion case