September was a down month at Coast casinos.
The year started with slow but steady growth. Revenue increased in five of the first seven months, and despite slipping in August and September, remains $5.8 million ahead of last year’s pace.
August’s $10 million drop in gross casino revenue was followed by a $6 million decrease in September on the Coast. Mississippi Department of Revenue reported Thursday that winnings in September dropped 7 percent to $84.3 million compared to $90.6 million in September 2010.
The river casinos increased winnings in September by almost $1 million, from $100.6 million last year to $101.5 million.
Mississippi’s combined revenue fell 3 percent from $191.3 million to $185.8 million.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info