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.
Top Posts & Pages
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- IKE TROTTER: There are primary changes in Social Security for 2014
- Keeping our eye on... Liz Lancaster
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- Alcorn's finances being investigated; CFO resigns
- C Spire launches next phase of 1-gig service rollout
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team
- GOP Sen. Thad Cochran to run for seventh term
- Hood issues opinion on open-carry gun law
- State of Louisiana mulling plan for Amtrak route