Casinos in the South’s two biggest markets reported mixed results in September, with revenues falling in Mississippi but rising in Louisiana.
Mississippi's combined revenue dropped by 3 percent from $191.3 million to $185.8 million for the month. Declines on the Gulf, where revenues were down 7 percent from $90.6 million to $84.3 million, were responsible for the overall decrease. River county casinos were up slightly for the month, from $100.6 million last year to $101.5 million. Thanks to moderate but steady revenue gains earlier in the year, casino revenues in Mississippi are still $5.8 million up from last year.
Louisiana’s riverboat, land-based and race track gaming operations were up about 6 percent, to $196.6 million. Double-digit increases at Harrah’s New Orleans and L’Auberge du Lac led the way. All told, the state’s 13 riverboats took in $134.1 million last month, up 5 percent from a year earlier and up 3 percent from August. The state’s four racetracks with slot machines generated revenues of $31.7 million in September, a 4 percent increase from last September and about 2 percent up from August.
Mississippi down, Louisiana up in September
October 21, 2011