Mississippi Casinos Continue To Take A Turn For The Worst

There are not many places in the US that casinos are increasing their revenues. Despite the sharp decreases, the country is still in the middle of one of the greatest casino expansions in history.

One of the states that is being hit the hardest by the economy is Mississippi. The state has reported that revenue numbers were down $205 million in November. That is a drop of almost nine percent.

Like Las Vegas, Mississippi is known for being a tourist destination for gamblers. The State Tax Commission, however, has delivered the bad news for a slumping industry. There was a big difference between river casinos and coast casinos.

The river casinos fell by $12 million in November from their last years numbers. The coast casinos only fell seven million, from $103 to $96 million.

For the year, the numbers are not that bad compared to some other states. Through November, casinos revenue has dropped $147 million from last year, to $2.5 billion.

Around the US. many casinos have began cutting back staff, while others have already closed. In addition, casino companies have suspended many projects that were in the works.

December 24, 2008
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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