Mississippi Casino Gambling Revenue Up In January

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Mississippi casino owners had two options when they saw their revenue figures for the month of January. They could have been pleased with the increase in revenue from December, or upset that revenue decreased from the same period in 2009.

In January, casino revenue in Mississippi was $193.2 million. That was up from the $184.9 million that the casinos won to close out 2009. It shows that revenue is headed back towards where it was before the economic recession hit the US.

On the other hand, the figures also showed that the casinos are not all the way back. In January of 2009, revenue was up five million dollars from this January. The two years before that, revenue was up fifteen million dollars, showing how far the casinos have fallen.

"It still is going to take some time before revenue grows back to where it was before the recession," said Gaming Analyst Steve Schwartz, "Most estimates do not have the casino industry in the US fully recovering until 2011."

Las Vegas and Atlantic City, the two top gambling destinations in the country, have both experienced major revenue losses over the past year and a half. Las Vegas is hoping that the new CityCenter project from MGM Mirage helps increase revenue in the near future.

February 22, 2010
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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