State’s casinos see 9 percent drop in winnings
Published: September 21,2011
ACROSS MISSISSIPPI — Mississippi’s state-licensed casinos recorded a 9 percent drop in August gambling winnings from a year ago.
The 19 casinos along the Mississippi River took in $94 million from players last month, down $6.5 million from August 2010. The 11 casinos along the Gulf Coast won $90.9 million, down from $101 million a year ago.
Overall, casino winnings totaled $185.1 million, down from $201.7 million a year ago. For July, typically a busier month for the business, winnings totaled $210.6 million.
The casino business nationwide has been struggling to recover from the Great Recession, which slashed discretionary spending and business travel and was followed early in 2011 by skyrocketing gasoline prices. Recently, some economists have been warning of the possibility of another recession amid a snail’s pace growth in jobs.
Mississippi’s business took a hit in the spring as Mississippi River flooding forced the lengthy closure of riverside casinos.
In neighboring Louisiana, 13 riverboat casinos, the New Orleans land casino and four race track casinos recorded a 4 percent drop in winnings in August from a year ago. New Jersey took a 20 percent hit in August as Hurricane Irene forced the shuttering of all the Atlantic City casinos.
Nevada has yet to report August figures, but recorded a 3.7 percent gain in July from July 2010.
The Mississippi figures do not include Indian reservation casinos, which are not required to report their winnings to the public.
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
- White House hotel making comeback in Biloxi
- McCarthy hired as CFO of Mississippi Development Authority
- State GOP chairman calls on McDaniel to hurry with challenge
- Fair cabins becoming more valuable, sources say
- MARTIN WILLOUGHBY — Tyler Raborn finds success and fulfillment with Raborn Media
- Guns OK inside Mississippi polling places, attorney general says
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Supreme Court deals blow to McDaniel's election challenge
- Under state probe, All American Check Cashing gets ‘F’ rating from Better Business Bureau