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Mississippi Numbers Continue Regional Casino Resilience
BILOXI, MISSISSIPPI --
Yet another area of local casinos showed rebounding revenue figures as regional gambling venues continued their financial upswing. Mississippi is the latest state to report growth in casino gambling revenue, announcing an eight percent surge over the previous month.
The Mississippi State Tax Commission posted records this week showing state casinos generated $221 million in January, up from a December total of $204.3 million. The new month was down from the previous year, but only slightly more than one percent, virtually nothing compared to Las Vegas and Atlantic City gaming venues facing forty-and fifty-percent declines.
Even more telling, the state's riverboat casinos increased more than ten percent from the previous month and over three percent from the past year, while Gulf Coast casinos, modeled along the lines of destination resorts, dropped almost thirteen percent from last January.
Regional casinos around the country have shown resilience, as Pennsylvania and Louisiana join Mississippi in seeing strong returns. Colorado and Illinois may have had the same results, but new smoking laws have led to double-digit drops in those states.
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