November 27th, 2010 – by Glen Farmer
In 2008, revenue in Mississippi’s casinos had been on a steady decline. Come 2010, Mississippi’s casino gaming industry is set to rise.
Though Mississippi’s casinos only generated $1.83 billion dollars in the first three quarters of 2010, which represents a 12.9 percent drop from the first nine months of 2008, the decline has apparently slowed. The casino’s revenue has only dropped 3.3 percent from the first three quarters of 2009.
In October, the revenue at Mississippi’s casinos dropped only $2 million, down to $191.5 million for the month of October. This represents the revenue generated only by the state’s commercial casinos. Tribal casinos are not required to publicly release statements surrounding the revenue they had generated.
Casinos all over the nation have proven to be incapable of plowing through the recession unharmed. Atlantic City has become one of the worst contenders in the industry, experiencing free falling revenue that has been plummeting month after month. Nevada has shown sparse revenue gains, but the casinos in the state have also suffered at the hands of the recession.
Few casinos have managed to withstand the recession. Pennsylvania’s up and coming gambling industry has been flourishing. Smaller pockets of casino gaming in the nation have proven to be consistent and stable in terms of revenue.