Mississippi Casino Revenue Drops 9% To $161m

Mississippi Casino Revenue Drops 9% To $161mThe Mississippi Department of Revenue has now released its casino results for January, revealing a 9% fall in revenue to $161.2 million. The latest figure represents the state’s worst January win since 1997.
Breaking January’s revenue figures down further, Mississippi’s 18 river casinos were off by 13% to $77.9 million, compared to the same month last year; while the 12 coastal casinos fell by 5% to $83.3 million from $87.8 million in January 2012.
Worryingly, Mississippi’s year-over-year casino results have now shown a steady decline in each of the months since July. This is in spite of the fact that in 2012 Mississippi’s casinos showed a 1% improvement in revenue over the previous year for the first time since 2007 when state revenues reached their peak. However, the meager gain in 2012 was mostly due to the state’s casinos recovering from the floods which devastated the southern state in 2011 and caused an estimated damage to the local economy of $2.8 billion.
Mississippi’s gambling industry began in 1992 at a time when there were few other casinos open outside of Las Vegas and New Jersey. Since then there has been increasing competition to its casino industry from neighbouring states. They also seem to be faring better than Mississippi, and while Louisiana’s casino revenue was mostly flat in January, Arkansas reported a 12% increase in its gambling revenue  compared to January 2012.
Nevertheless, Mississippi Gaming Commission Chairman John Hairston was quick to dismiss this as the only factor affecting local casinos and duly pointed out that “We are in a recessionary period.”


Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this