Miss. casino revenue down in April

JACKSON, Miss. (AP) — Winnings for Mississippi’s state-licensed casinos totaled $189.3 million in April, down from the $212.1 million in March, according to a report Monday from the state Revenue Department.

The casinos along the Gulf Coast took in $87.4 million in April, while the 19 casinos along the Mississippi River won $101.9 million from players.

The casinos took in $198.1 million in April 2010.

“Win” is a gross figure, with no operating costs or other expenses deducted. It is casino revenue only and doesn’t include hotel, restaurant or bar revenues generated by the resorts.

Casino revenues are reported on a calendar year basis.

Mississippi collects the gaming tax on a fiscal year that begins July 1 and end June 30. For the first 10 months of the fiscal year, gaming taxes have brought in $234.2 million, including $77.8 million that is transferred to local governments.

The casino business has had its ups and downs during the uneven economic recovery with money for discretionary spending and travel being tight for individuals — and businesses watching dollars spent on conventions, a lucrative target of casinos and the cities that host them.

In addition, high gasoline prices also are weighing in, analysts have said.

The Mississippi figures do not include Indian reservation casinos, which are not required to report their winnings to the public.



Mississippi Department of Revenue, http://www.dor.ms.gov

Copyright 2011 The Associated Press.

The Associated Press

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