State’s casinos brought in more winnings in February
by Associated Press
Published: March 22,2012
ACROSS MISSISSIPPI — February winnings for Mississippi’s casinos rose 2.6 percent from a year ago, only the second time in the last year that revenues have improved at the state’s 30 gambling halls.
The month was aided by the leap year’s extra day, as well as Mardi Gras occurring in the month. In 2011, Mardi Gras was in March.
Overall, casinos won $214.1 million, compared with $208.6 million in February 2011.
The 11 casinos in the Gulf Coast market saw revenue rise 5.1 percent, to $98.4 million from $93.6 million. The 19 casinos along the Mississippi River saw revenues rise 0.6 percent, to $115.7 million from $115.1 million.
February is traditionally one of the strongest months for Mississippi casinos, along with January and March.
The state’s gambling halls have struggled to regain momentum after the recession, with revenue sliding for four straight years after hitting a high of $2.89 billion in 2007.
Revenues did increase at Mississippi casinos in December, meaning they have gone up in two out of three months. Casino and tourism leaders have expressed hope that new investments along the Gulf Coast may help create a positive trend.
February winnings for Louisiana’s state-licensed casinos jumped 8.7 percent from a year ago.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Panther Creek megasite — Putting a value proposition out there
- Mississippi State makes NSF ranking of research universities
- Tallahatchie General’s listing on auditor’s ‘watchline’ an image set back, CEO says
- TVA president/CEO Johnson tours Techumseh, Yokohama plants
- Chris McDaniel responds to radio show audio clip
- Ex-city worker arrested on false pretense charge
- Kelly Boutwell added, Jason Word promoted at MEC
- Panther Creek's location in medical industry zone boosts bio-med prospects
- Cotton to take center stage during MSU summit