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.
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
- Ingalls to lease former SRHS clinic in Gautier for employee medical center
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- Shale oil: market correction or longterm direction?
- Miss. surgeon sentenced in tax evasion case
- WILLOUGHBY: Mayo Flynt leads AT&T Mississippi by enjoying both work and workers
- MARTIN WILLOUGHBY: Gary Herring building tomorrow by educating today
- MBJ exclusive: Jackson’s new airport CEO fulfills desire to taking on the top job
- Hyatt-Place is Columbus’ newest hotel option
- J.McLaughlin to open in Highland Village next spring