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Tag Archives: gambling

Casino revenue falls sharply across Mississippi in February

Gamblers stayed away from Mississippi casinos in February, sending revenue tumbling 10 percent compared with the same month in 2016. State Revenue Department figures show gamblers lost $172 million last month, compared to $190 million in February 2016. The 12 coastal casinos posted revenue of $95 million, down 9 percent from $105 million in February 2016. It was the second-sharpest ...

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House approves tax, regulation of fantasy sports contests

The Mississippi House has reversed itself and passed a bill to regulate and tax operators of daily fantasy sports contests. House Bill 967 failed Wednesday, but it passed after a second vote Thursday. The bill would set an 8 percent tax and authorize the Mississippi Gaming Commission to regulate fantasy sports contests online or in casinos. Mississippi legalized fantasy sports contests ...

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Mississippi mulls regulations for fantasy sports betting

Fantasy sports betting operators could soon face an 8 percent tax on their Mississippi revenue. House Bill 967 would establish the tax and authorize the Mississippi Gaming Commission to regulate sports betting operations online or in casinos. The bill passed the House Gaming Committee on Thursday and moves to the full House for more debate. Mississippi legalized fantasy sports betting last ...

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Casino developers reapply to build 2 new casinos along coast

An official says that developers have reapplied to build two casinos along the Mississippi Gulf Coast whose proposed sites were previously rejected by gaming commissioners. Allen Godfrey, executive director of the Mississippi Gaming Commission, tells The Sun-Herald that developers RW Development and Jacobs Entertainment have reapplied. RW Development proposed building South Beach Casino on the northeast side of Veterans Avenue ...

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November Mississippi casino revenue dips after October rise

Mississippi casinos saw revenue fall in November, with gamblers losing 4 percent less statewide. Figures released by the state Revenue Department show casinos won $155 million in November, down from $161 million in 2015’s same month. Gamblers lost $88 million at the 12 coastal casinos — 4 percent less than last November. It’s only the sixth decrease for coastal casinos ...

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Feds: Man faces charge in illegal sports betting case

Court records show a South Mississippi man faces prosecution in an illegal sports betting enterprise involving internet-based sports books in Costa Rica and the United States. The Sun Herald reports Kenneth Schmitt, accused of committing his crimes in Diamondhead and Biloxi, is set for an initial appearance Dec. 20 in federal court. The U.S. Attorney’s Office has charged Schmitt in ...

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Mississippi casino revenue rises strongly in September

Mississippi casinos raked in the chips from gamblers in September, with statewide casino revenue increasing nearly 4 percent. Figures released by the state Revenue Department show casinos won $171 million from gamblers in September, up from $165 million in September 2015. Gamblers lost $98 million at the 12 coastal casinos, up 7 percent from last September. It’s the 23nd increase ...

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Rezoning near Margaritaville could cost Coast millions

Secretary of State Delbert Hosemann says the Mississippi Gulf Coast will lose millions of dollars in tax revenue if Biloxi’s proposal to rezone 20 acres of waterfront property where Margaritaville developers want to build a $140 million expansion. Hosemann says rezoning the property and leasing it for only $2 per square-foot would result in the Coast losing $25 million. Local ...

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City of Biloxi takes state to court over rent payment

Attorneys for the city of Biloxi are headed to court trying to collect more than $1 million owed to the city in rent paid by the Golden Nugget Casino Biloxi and inadvertently swept into the general fund by the state Legislature last year. The Sun Herald reports Thursday’s hearing will be before Judge Jennifer Schloegel. Biloxi, the Secretary of State, ...

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Sports betting could keep casino revenue rolling in Miss.

The president of the American Gaming Association says while casino revenue has leveled off in Mississippi and other states, sports betting could be that new amenity consumers want, which will keep tax money rolling in. Geoff Freeman, speaking in Biloxi on Wednesday, said fantasy sports really kicked off the conversation of sports betting nationwide. The Sun Herald reports the AGA ...

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