\nJeff Amy, Associated Press \u00b7<\/p>\n
\tJACKSON, Miss. (AP) \u2013 While casinos along Mississippi\u2019s Gulf Coast continue to tread water, those along the Mississippi River continue to post steep revenue declines.<\/p>\n
\tMississippi Department of Revenue figures show casinos statewide won $164 million from gamblers in April, down 6 percent from April 2013.<\/p>\n
\tThe 12 coastal casinos won $84.5 million, down less than 1 percent from April 2013. The 18 river casinos won $79.8 million, down 12 percent from a year earlier. The month\u2019s results underline the growing split between Mississippi\u2019s two casino markets. Revenue along the Gulf has been rising a little bit since the end of summer 2013. But declines in the key Tunica market are steep and could intensify when Caesars Entertainment Corp. closes it Harrah\u2019s casino in Tunica on June 2.<\/p>\n
\tRevenue statewide is down 3.6 percent over the last 12 months. In that period, Mississippi casinos have collected only about 74 percent of the revenue from the peak year of 2007. Overall revenue has fallen from the year earlier in 20 of the last 22 months.<\/p>\n
\tThe numbers exclude Choctaw Indian casinos, which aren\u2019t required to report winnings to the state.<\/p>\n
\tIndustry leaders have said that along the Mississippi River, Tunica and Lula casinos have suffered in part from competition from expanding gambling at two racetracks in Arkansas. Some casinos have been seized by lenders, and the industry as a whole has been shedding workers.<\/p>\n
\tRevenues in Arkansas rose almost seven-fold from 2007 to 2013, rising by more than 10 percent from the year earlier for 55 straight months. But that streak was broken in December, and Arkansas casino winnings rose 1.5 percent in April to $18.8 million after falling less than 1 percent in March.<\/p>\n
\tIn Louisiana, state-licensed casinos won $194.8 million in April. 0.8 percent less than a year earlier. Revenues were down slightly in the New Orleans and Baton Rouge markets, but rose in Shreveport-Bossier City and Lake Charles.<\/p>\n
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Jeff Amy, Associated Press \u00b7 JACKSON, Miss. (AP) \u2013 While casinos along Mississippi\u2019s Gulf Coast continue to tread water, those along the Mississippi River continue to post steep revenue declines. Mississippi Department of Revenue figures show casinos statewide won $164…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-7447","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=7447"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7447\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=7447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=7447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=7447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}