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Tag Archives: revenue

State's casinos see continued drop in winnings

ACROSS MISSISSIPPI — Month after month, Mississippi’s casinos are winning less from gamblers. Some months, such as August, see a blip, and revenue rises a little. But those are exceptions. After hitting nearly $2.9 billion in 2007, revenue fell 22 percent to $2.25 billion in 2012. And the take is on track to dip another $100 million in 2013, state ...

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State's tax collections come in well over outlook

ACROSS MISSISSIPPI — Mississippi tax collections for the first quarter of the state’s fiscal year — July through August — are 5.9 percent above the estimate and $124.3 million, or 12.1 percent, above what was collected during the same period a year ago. The estimate — made by legislative leaders upon advice of the state’s financial experts — is important ...

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Port warehouse expected to bring in $1M next year

NATCHEZ — A warehouse that Adams County purchased is projected to generate almost $1 million next year in revenue. Natchez-Adams Port director Anthony Hauer tells the Natchez Democrat that the warehouse could net approximately $400,000 for the port. The port director says the numbers for the warehouse projection are based on an average monthly income for the facility, which the ...

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Cal-Maine sees income fall while costs rise

JACKSON — Cal-Maine Foods Inc. said today that its fiscal first-quarter net income fell 6 percent as feed and production costs climbed. The egg producer earned $8.8 million, or 36 cents per share, for the period ended Aug. 31. That compares with $9.4 million, or 39 cents per share, a year earlier. Revenue for the Jackson-based company rose 17 percent ...

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Hearings at end, lawmakers start to craft budget

JACKSON — Now that budget hearings are over, Mississippi lawmakers face a long process of deciding how to spend tax dollars for fiscal 2015, which begins July 1. The 14 members of the Joint Legislative Budget Committee held four days of public hearings last week and quizzed agency leaders about how money is already being spent on programs large and ...

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Casino revenue up, but gaming along river remains depressed

It has been an easy year so far for the state’s casinos, but there is finally some good news, at least for venues on the Coast. Mississippi Department of Revenue figures show casinos took in about $179.1 million in August, compared to about $178.4 million a year ago, according to The Associated Press. The 12 casinos in coastal counties won ...

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Casino revenue down statewide, worst on Coast

ACROSS MISSISSIPPI — A sharp drop in coastal casino revenue contributed to a 6 percent drop in Mississippi gambling revenue in July. Mississippi Department of Revenue figures show statewide casino revenue fell 6 percent to $192.1 million. The 12 coastal casinos won $97 million from gamblers, down 8 percent from the $105.4 million they won in July 2012. The 18 ...

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Cal-Maine's bottom line impacted by antitrust settlement

JACKSON — Cal-Maine Foods Inc., for the fourth quarter of fiscal 2013, saw net sales of $325.9 million compared with net sales of $275.2 million for the fourth quarter a year ago. The egg company reported a net loss of $3.8 million, or $0.16 per basic share, for the fourth quarter of fiscal 2013 compared with net earnings of $37.3 ...

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State's casinos see 7 percent drop in revenue

ACROSS MISSISSIPPI — Mississippi casino revenue resumed its year-over-year slide in June after showing positive results in May. Statewide casino revenue fell nearly 7 percent from June 2012 to $174.5 million, according to Mississippi Department of revenue figures. The state’s gambling halls eked out a 1 percent gain in 2012, because revenue rebounded after most Mississippi River casinos were affected ...

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EastGroup Properties sees quaterly earnings decrease

JACKSON — EastGroup Properties reported strong results for the second quarter, but profit fell from a year earlier, when the company recorded a large gain selling real estate. The industrial landlord said yesterday that quarterly profit fell 4 percent to $7.6 million, or 25 cents per share, in the three months that ended June 30. That’s down from $8 million, ...

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