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Tag Archives: gambling

IRS plan to require tax forms for wins of $600

BILOXI — Casino operators in South Mississippi are coming out against an IRS proposal that would require players to file tax forms any time they win $600 or more on slot machines, keno or bingo. The threshold currently is $1,200. Hit that amount or higher and the slot machine freezes and stays locked until the Internal Revenue Service form is ...

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Mississippi casino revenues rise, driven by coast winnings

JACKSON — Gamblers lost more money at Mississippi casinos in January, as Gulf Coast gambling halls continued gains of recent months. State Department of Revenue figures show casinos statewide won $165 million from gamblers in January, up 3.4 percent from $159 million in January 2014. The 11 coastal casinos won $87.3 million, up 7 percent from January 2014. The 17 ...

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Miss. casino revenue falls on river casino weakness

JACKSON — Mississippi casino revenue fell in November, as continued weakness at casinos along the Mississippi River outweighed gains on the Gulf Coast. State Department of Revenue figures show casinos statewide won $156 million from gamblers in November, down 5 percent from $164 million in November 2013. The 12 coastal casinos won $82.8 million, up less than 1 percent from ...

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State's casinos took in more winnings in October

ACROSS MISSISSIPPI — A strong performance by Mississippi’s Gulf Coast casinos boosted gambling revenue to $167 million in October. The figure bested the $165.5 million lost by gamblers in October 2013. The 11 casinos in South Mississippi showed 9 percent jump in revenue — despite the closing of the Margaritaville Casino in Biloxi. Mississippi Department of Revenue figures showed the ...

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Full House marks 'topping off' of new Silver Slipper hotel

BAY ST. LOUIS — Full House Resorts is celebrating the “topping off” of its new 142-room hotel at the company’s Silver Slipper Casino property in Bay St. Louis. Community leaders, employees and investors have been invited to attend a special ceremony on-site at the property. Andre Hilliou, chairman and CEO of Full House, said, “We are on schedule to open ...

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Board authorizes sale of company that owns Silver Slipper Casino

BAY ST. LOUIS — The board of directors of Full House Resorts Inc., which owns the Silver Slipper Casino in Bay St. Louis, has authorized management to initiate a process for the sale of the company. After its evaluation of strategic alternatives, the Las Vegas-based company said the board determined that pursuing a sale of the company is the best ...

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State's casinos saw another fall in revenue in August

ACROSS MISSISSIPPI — Mississippi casino revenue fell in August, with performance continuing to diverge between coastal and river regions. State Department of Revenue figures show casinos statewide won $175 million from gamblers in August, down 2 percent from $179 million in August 2013. The 12 coastal casinos won $94.1 million, up 5 percent from August 2013. The 17 river casinos ...

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Margaritaville owner files for bankruptcy before landlord hearing

BILOXI — The owner of Biloxi’s Margaritaville casino filed for Chapter 11 bankruptcy protection yesterday, only hours before a hearing where the landlord aimed to seize the property. The filing by MVB Holding LLC in U.S. Bankruptcy Court in Gulfport follows the casino’s shutdown on Monday night. Don Dornan, a lawyer for landlord Clay Point, LLC, said the company had ...

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Isle of Capri reports decreased in-state revenues; experiencing 'market pressures'

AROUND MISSISSIPPI — Isle of Capri Casinos Inc. has released financial results for the first quarter of fiscal year 2015. Company-wide, net revenue for the quarter was $241.6 million, compared to $238.0 million in the prior year quarter, and consolidated adjusted EBITDA was $43.7 million, compared to $41.9 million in the same quarter of the prior fiscal year However, Isle ...

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Trop Greenville ahead of schedule on significant expansion

GREENVILLE — Tropicana Entertainment Inc. is ahead of schedule to complete construction of its multi-million dollar expansion at its Trop Greenville property. The expansion is expected to Oct. 10. The development will introduce new table games and 300 more slot machines as well as Max & Erma’s, a full-service casual dining restaurant chain that will open its first Mississippi location ...

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