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With the Revenues dropping 12 percent down in January, the 16 river casinos in Mississippi sees a crumbling trend. The results registered in markets along the Gulf Coast and Mississippi River during the first month of 2018 seems deficient and the casino revenue in Mississippi persist to encounter demotion.
Following a bad performance in 2017, the 16 river casinos posted winnings of just US$59 million, down almost 12 percent from US$67 million in January 2017.With January being reported the worst monthly total, since May 2011, as several river casinos were under pressure to be closed owing to floods.
As per the State Revenue Department figures released last week gamblers lost US$151 million state-wide in January. The figures highlight that the market is down almost 9 per cent from January 2017, when the amount rose to US$166 million. Furthermore, receipts fell 7 per cent to US$92 million as state-wide revenue was down 2 per cent over the last 12 months.
During 2017, total casino revenues reached US$2.08 million – down US$40 million from the 2016 performance. Despite a slight improvement in December – with gamblers losing US$176 million state-wide (up 3 per cent from 2016’s US$171 million) and the 12 coastal casino recording a nearly 1 per cent growth to US$1.19 billion – the industry still fell short.
Source: European Gaming News
