State’s casinos saw winnings decrease in March
Published: April 20,2011
The 11 casinos along the Gulf Coast took in $93.5 million in March, while the 19 casinos along the Mississippi River won $115.4 million from players.
The tally was down 1.7 percent from the $212.5 million left behind by gamblers in March 2010.
In February, the casinos won $207.4 million.
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 addition, high gasoline prices also are weighing in, analysts have said.
Mississippi also has been facing increased competition from tribal casinos in Florida.
Still, analysts say regional markets such as Mississippi still are in a better short-term position than those dependent on long-distance travel. For example, Nevada casinos saw their February revenue fall 6.8 percent from February 2010 — the fourth straight month of drops and the steepest in over a year.
The Mississippi figures do not include Indian reservation casinos, which are not required to report their winnings to the public.
Source: 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
- Ingalls to lease former SRHS clinic in Gautier for employee medical center
- Shale oil: market correction or longterm direction?
- Miss. surgeon sentenced in tax evasion case
- PHIL HARDWICK: Characteristics of a good year-end fundraising letter
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- Meadville mayor seeks Sojourner's Senate seat
- Record soybean yield is valued at $1.17 billion