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Tag Archives: Mississippi Gaming Commission

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

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 of its lowest gaming revenue ...

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Mississippi's May casino revenues offer economic encouragement

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 year-over-year increase in two years. ...

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Vicksburg's Ameristar will remain Ameristar when sale goes final

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 hearing Thursday at the Mississippi ...

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Pinnacle resolves FTC complaint in purchase of Ameristar Casinos

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. Charles near St. Louis, Mo.; ...

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

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 the FTC, which last week ...

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Mississippi casino revenues on pace for 15-year low (adds comment)

JACKSON, Mississippi – Mississippi casinos could be headed to a 15-year low in gross gaming revenues, if the trend from the first four months continues the rest of the year. April figures released by the Mississippi Gaming Commission this week show another month of revenue decreases as casinos attempt to reverse the trend of out-of-state gamblers staying out of state. ...

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Gaming Commission OKs requests at monthly meeting

The Mississippi Gaming Commission met Thursday at the commission office, 620 North St. in Jackson, and addressed several requests. » Donald A. Colvin, CFO of Caesars Entertainment, was approved in his application for finding of suitability. » Anthony R. Tomasello, president and CEO of Advanced Gaming Associates, was approved in his application for finding of suitability. Advanced Gaming Associates also ...

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Mississippi takes action after the 'glory days'

“The glory days are over, and we have to deal with that.” That’s how Larry Gregory of the Mississippi Casino Operators Association assessed the state of gaming in Mississippi during Wednesday’s Southern Gaming Summit in Biloxi. Mississippi’s casinos have been on a rough ride in recent years – both financially and physically – but Mississippi lawmakers, officials and casino operators ...

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Tunica casino revenues a concern for state gaming officials

When Gov. Phil Bryant signed a bill Tuesday creating the Mississippi Gulf Coast Regional Convention and Visitors Bureau, John Hairston saw the occasion as more than a tourism bill for three coast counties. For the chairman of the Mississippi Gaming Commission, it is both a step in reviving the Tunica County casino and a preemptive strike in keeping the coast ...

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Coast casino awaits disciplinary vote at commission meeting

The Mississippi Gaming Commission moves its March meeting to the Gulf Coast on Friday, but other than a disciplinary vote there is little on the agenda concerning South Mississippi casinos. A few routine items will be brought up at the 11 a.m. meeting at Palace Casino in Biloxi. Next month’s meeting will return to the commission’s headquarters in Jackson on ...

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