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Tag Archives: gambling

Revenue figures show struggles of casinos, especially along river

The April revenue figures for the state’s casinos back up what the Mississippi Business Journal reported last week from the Southern Gaming Summit — Coast casinos are hanging on while riverboats continue to bleed. Mississippi Department of Revenue figures show casinos statewide won $164 million from gamblers in April, down 6 percent from April 2013. The 12 coastal casinos won ...

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Are I-gaming, sports betting right for Mississippi?

BILOXI — With casinos revenues sliding, gaming officials and operators in Mississippi could be on the verge of making a sizeable gamble to protect the state’s interests. The state Legislature recently asked Allen Godfrey, executive director of the Gaming Commission to lead a task for looking into the viability of internet gaming and sports betting in Mississippi. The panel won’t ...

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Attracting younger players may be casinos’ biggest challenge

BILOXI — Forbes says Tilman Fertitta is worth $2.4 billion. He became a wealthy businessman by making smart decisions, being opportunistic and having a business-is-business attitude. But even when the owner and CEO of Fertitta Entertainment walks into one of his three Golden Nugget casinos, one thing scares him — the changing landscape of the customers. “One of my scariest ...

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Gaming world divided about Internet

BILOXI — One year ago, Internet gaming was about to make its big splash. New Jersey was on the forefront and some estimates put the potential revenue haul at $1.2 billion in the first year. Today, there is a shortage of players, a shortage of credit card companies participating and a lack of unity among states and owners interested in ...

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Winter weather put a damper on Silver Slipper, Full House casinos

Full House Resorts, the Las Vegas company that owns Silver Slipper Casino, announced quarterly results this morning and said it had a net loss of $1.1 million for the first quarter (January-March), compared to net income of $0.6 million for the prior first quarter. At its Silver Slipper Casino in Hancock County, the company said it recorded revenue of $12.3 ...

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Diamondhead Casino names new chairman/president

DIAMONDHEAD — Diamondhead Casino Corporation (DHCC), which has been trying to build a casino resort on its 404-acre property in Diamondhead for more than a decade, has appointed Ted Arneault, formerly chairman, president and CEO of MTR Gaming Group Inc., as chairman of the board of the company and president and CEO of Casino World Inc., a wholly owned subsidiary ...

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Developers of a 2nd Coast casino miss financing deadline

MISSISSIPPI GULF COAST — Developers of two proposed casinos for the Mississippi Gulf Coast have missed deadlines to secure financing to build their projects. Tuesday, Rotate Black, which has a site approval at the Gulfport Harbor to build the $112 million Hemingway Casino failed to meet the 5 p.m. deadline. Monday, developers for the Scarlet Pearl casino in D’Iberville missed ...

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Delta casino to close; laying off as many as 1,300 workers

While there have been plenty figures released of late showing how the state’s casinos are struggling, there is now tangible proof as the largest casino in the Mississippi Delta has announced it will close. Caesars Entertainment will shutter its Harrah’s casino in Tunica on June 2, laying off as many as 1,300 workers. Las Vegas-based Caesars has two other casinos ...

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Coast casinos' revenues up, but riverboats continue to struggle

ACROSS MISSISSIPPI — Mississippi Gulf Coast casinos won a bit more from gamblers in February but that increase couldn’t overcome bigger revenue declines at casinos along the Mississippi River. Mississippi Department of Revenue figures show statewide casino revenue to $182 million in February, down fell 3 percent from 2013’s second month. Revenue has fallen in 18 of the last 20 ...

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Boyd Gaming reports drop in in-state net revenue

LAS VEGAS — Boyd Gaming Corporation reports fourth-quarter 2013 net revenues of $681.5 million, up 9.1 percent from $624.7 million during the same quarter in 2012. Total Adjusted EBITDAwas $131.5 million, an increase of 30.4 percent from $100.9 million in the year-ago quarter. Results reflect the addition of the operations of Peninsula Gaming, LLC, which was acquired by the company ...

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