Mississippi Coast casinos are struggling to bring in revenue
The 12 Coast casinos won US$ 94 million from gamblers in October. That’s down 5.4 percent from the US$ 96 million in gross casino revenue in October 2016. It also puts total revenue this year at US$ 998 million, or US$ 10 million behind the same time last year and unlikely to catch up. The levels are US$ 45 million below pre-Hurricane Katrina numbers in 2004.
Revenue at the river casinos fell 11.5 percent from a year ago, chopping total casino revenue for Mississippi in October by 8 percent.
In September, Mississippi was one of three states to see a decline in revenue, according to the Adams Revenue Revue. The others were Louisiana and Florida, where many of the customers come from who play at South Mississippi casinos.
Revenues at casinos nationwide grew by 5.3 percent to US$ 3.4 billion in September. Revenue in Atlantic City grew by 4 percent and Maryland, which has benefited from the new MGM National Harbor just outside Washington, D.C., saw a 39 percent increase from a year ago.
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