Tag Archives: Mississippi Gaming Commission

D’Iberville casino approved; Diamondhead site rejected

June 26, 2014

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The Mississippi Gulf Coast is gaining one casino, but a second casino proposal was denied by the Mississippi Gaming Commission at its monthly meeting Thursday in Jackson. After receiving approval for its financing plan, Land Holdings 1 was given the okay to begin construction on the Scarlet Pearl casino, which will be located east of […]

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Potential casinos in D’Iberville, Diamondhead await Gaming Commission rulings

June 25, 2014

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Two new potential Gulf Coast casinos hope to take their next steps toward reality Thursday at the 9 a.m. monthly meeting of the Mississippi Gaming Commission in Jackson. Developers of the Scarlet Pearl Casino in D’Iberville, hope to receive approval to begin construction on a site east of the I-110 bridge across the Back Bay […]

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Gaming revenues down again in May

June 23, 2014

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The fall in gross gaming revenues at Mississippi’s 30 casinos continued in May, according to figures released by the Mississippi Gaming Commission. Statewide, revenue fell from $192.2 million in May of 2013 to $171.8 million this year that’s a drop of 10.6 percent. As has been the trend, the Mississippi River casinos, which stretch from […]

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Mississippi Gulf Coast casinos building momentum

April 22, 2014

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The gradual makeover of Mississippi’s gaming landscape continued in March as the Gulf Coast casinos continued to out-perform the Mississippi River casinos — including an increase over last year’s gross gaming revenue for the second month in a row. In the first quarter of 2014, Gulf Coast casino gross gaming revenue is up 0.6 percent […]

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Mississippi casino revenues hit lowest yearly mark since 1997

January 22, 2014

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Last year was the weakest gaming revenue year for Mississippi casinos since 1997, according to numbers released today by the Mississippi Gaming Commission. In 2013, the 30 Mississippi casinos collected $2.136 billion in gross gaming revenue, which is money leftover after players’ winnings are subtracted from wagers. That’s the lowest since 1997 when 24 casinos […]

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With gambling revenues falling, Tunica looks for an ace in the hole

July 30, 2013

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The people of Tunica County have toiled through the worst of economic times, and basked in the bright lights of success. But their King Midas, better known as the gaming industry, is losing its touch. Recently released numbers for the first half of this year support the trend that Mississippi is on pace for one […]

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Mississippi’s May casino revenues offer economic encouragement

June 21, 2013

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For those who judge casino spending as an indicator of increased leisure spending and economic recovery, May was a good month. Just 30 days after one of the worst casino revenue months in the last 15 years, an abrupt reversal by the state’s Gulf Coast casinos in May have sparked Mississippi casinos to their first […]

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Vicksburg’s Ameristar will remain Ameristar when sale goes final

June 20, 2013

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In a business where property name changes are a good bet to follow ownership changes, it appears Vicksburg’s Ameristar Casino will maintain its long-standing identity when it merges with Pinnacle Entertainment later this summer. “There won’t be any name changes,” said Anthony Sanfilippo, chief executive officer of Pinnacle said following the company’s suitability and licensure […]

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Pinnacle resolves FTC complaint in purchase of Ameristar Casinos

June 17, 2013

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Ameristar Casino in Vicksburg

The sale of Ameristar Casinos to Pinnacle Entertainment is ready to move forward after Pinnacle said it has reached a tentative agreement on a complaint by the Federal Trade Commission. The sale includes Ameristar in Vicksburg, which employs 800 at its 72,210-square-foot casino and hotel. In addition to Vicksburg, Ameristar owns and operates casino facilities in St. […]

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Ameristar-Pinnacle deal slowed by FTC issues in Missouri, Louisiana

June 6, 2013

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A complaint by the Federal Trade Commission has slowed Pinnacle Entertainment’s attempt to purchase Ameristar Casinos, which includes Vicksburg’s largest casino. The stockholders of Las Vegas-based Ameristar Casinos Inc. on April 25 approved the company’s planned acquisition by Pinnacle Entertainment, which had been disclosed in December. But Pinnacle is believed to be in talks with […]

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