Mississippi Gulf Coast Casinos
Better returns expected from Gulf shore casinos
While tourists generally stayed away from Gulf casinos for the entire period the rest of 2010 and 2011 is expected to be better.
Casino analysts have said they are not expecting players to eagerly open their wallets in the uncertain economic times but have said revenues should improve.
For the first three quarters of 2010, revenue at Mississippi’s state-licensed casinos totaled $1.83 billion, down 12.9 percent from the first nine months of 2008.
The decline has now slowed with the Mississippi Department of Revenue stating that casino revenue has dropped only 3.3 percent from the first three quarters of 2009.
The 11 casinos across the Mississippi Gulf Coast were recorded only a 1.3 percent drop from 2009, indicating that the oil spill had only a small effect on gambling.