Mississippi casinos continue to fall
Revenue at the 16 river casinos in Mississippi followed the region’s downward trend – down 12 per cent in January.
US.- Casino revenue in Mississippi continues to fall as the market along the Gulf Coast and Mississippi River reported poor results during the first month of 2018. After a bad performance in 2017, the 16 river casinos posted winnings of just US$59 million, down almost 12 per cent from US$67 million in January 2017.
January’s was the worst monthly total since May 2011 when several river casinos were forced to close due to the floods.
State Revenue Department figures released last week revealed that gamblers lost US$151 million state-wide in January. The figures reveal the market is down almost 9 per cent from January 2017, when the amount rose to US$166 million. Furthermore, receipts fell 7 per cent to US$92 million as state-wide revenue was down 2 per cent over the last 12 months.
During 2017, total casino revenues reached US$2.08 million – down US$40 million from the 2016 performance. Despite a slight improvement in December – with gamblers losing US$176 million state-wide (up 3 per cent from 2016’s US$171 million) and the 12 coastal casino recording a nearly 1 per cent growth to US$1.19 billion – the industry still underperformed.
