GGR in Mississippi pulls through
After experiencing a dramatic fall in casino revenues in February, Mississippi recovered with a year-on-year 7.1 percent growth.
US.- As revealed by the Mississippi Department Of Revenue to the Associated Press, the state’s casino industry increased its takings by 7.1 percent to US$201 million, compared to the results posted a year before.
The department of revenue said that gross gaming revenue (GGR) in the state’s twelve casinos increased by almost 6.8 percent annually to US$110 million last month. The 16 venues located near the Mississippi River also experienced goos results with US$91.5 million in gainings, a 8.2 percent increase. The news outlet said that March is usually the best month when it comes to casinos because players tend to use their income tax refunds to gamble. The Sun Herald said that President and Chief Executive Officer for the Scarlet Pearl Casino Resort in the Biloxi suburb of D’Iberville, LuAnn Pappas, commented that lat month was the casino’s second-best month ever of revenues since it opened its doors two years ago.
Last month, two proposed casino sites were rejected by state regulators after three members discussed the proposal of Jacobs Entertainment Diamondhead and RW Development for less than two hours before making the big decision and revealing it to the people. The joint venture had presented the proposals in February for the second time: back in 2008 the project was rejected because they didn’t have control on the lands to the water’s edge, but Michael Cavanaugh, an attorney from RW Development, believed that the high water line and the shoreline are not the same.
