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Posts Tagged ‘Mississippi’

Mississippi Looking for Gambling Dollars

Friday, October 1st, 2010

Gambling is a practice that most legislators are looking to for aid in turning around their economies. It’s no secret that gambling is a billion-dollar business and growing. It is difficult to manage the huge deficits left by the recession and gambling is one of the most viable options for spurring recovery. There are some hopefuls though. Carl Icahn, billionaire investor, stated that he believes the gambling market in Mississippi is ready for a turnaround. Icahn recently bought out eight different Tropicana casinos that originally filed for bankruptcy protection. His optimism is unique in the market and hopefully is a sign of what is to come.

Mississippi like other states has suffered huge losses since the recession. The unemployment rate within the state is one of the highest. Possibly natural disasters in the area plus the recession are the cause of the added stresses put upon the area. If these areas are to move to recovery, there is going to have to be some kind of proactive change in the market. Most legislators are hoping that the implementation of gambling is the way to create that proactive change. If gambling can do for states what it has done for others, it may be the savior needed. The post recessionary market is still hampered and it will take more time to turn around. Despite the financial climate, Icahn and others are hopeful. They believe that gamblers are going to be what saves the markets involved. If they can create the best games and specials, then they can bring in enough gamers to fuel their money into the gambling casinos in the area. That in turn will provide enough tax revenue money to fund and recharge the economies involved. Icahn is in the prime position now to benefit personally from the changes too. As owner of eight defunct casinos, he can easily start recharging them and creating streams of income slowly but steadily. Once the economy recovers, he will be in the perfect position to reap the benefits of those changes. His casinos are most likely going to turn around and bring in gaming numbers needed for recovery.

Mississippi Gaming Revenue Up

Saturday, September 18th, 2010

The state of Mississippi is yet another one that has great gambling plans. It’s no secret that legislators everywhere are pushing for gambling as a means of bringing in millions of dollars in revenue. The recession was hard for city and states to deal with. It brought down even the strongest budgets and made huge deficits for legislators to deal with. There are few options to overcome the financial problems and gambling is proving to be one of the most viable. Gambling has a billion-dollar potential added to it and that is proving to be a highly attractive option for governments everywhere. Now Mississippi is getting in on the gambling fun of the market. The state already has thirty licensed casinos operating within it. Those casinos are expected to bring in millions of dollars that are already earmarked for various public work, development, expansion and education plans for the 2011/2012 fiscal years. The state is hoping that gambling will continue to bring in millions and will provide the funds needed to continue with operations. Not only future operations need to be addressed, but also the current financial deficits weighing heavily on the state.

The good news is that recent numbers are proving just how lucrative gambling is in the state of Mississippi. In fact, numbers this past month were the same as they were back in 2009. The state brought in $202 million in revenue. If the state can continue to maintain a level of revenue at that rate, it could mean that they have the numbers needed to not only pay for current budget items, but also to start chipping away at the deficits and other expenses coming along with balancing the state’s books. The numbers results indicated that the Gulf Coast may be ridding itself of the aftereffects of the huge oil spill that has plagues not only the environment, but also the budgetary problems. Hopefully this is a sign of good things to come for the state of Mississippi and its gambling evolution. It will take time to prove where it is going financially and if it remains in good standing, but things are finally looking up for the state.

Mississippi Casinos Note Rise in Revenue

Tuesday, August 24th, 2010

One of the biggest concerns casino operators have is reaching the place where their economies are truly going to turn around. They are studying their financial statements with scrutiny—trying to cite the exact point when things are on the upswing. It has been a long time in coming, but Mississippi’s casinos may be reaching that point. In July of this year the casinos in the state posted an increase of $35 million since the previous month. That is a huge amount of money for the casinos to finally see because of the longstanding after effects of the recession. Since the recession, casinos everywhere have been at a loss for growth and finding new ways to turn things around. No one knew how soon changes would come, but every casino operators has stood by with bated breath waiting.

One thing that casinos are concerned with though is whether or not the rise in income is a trend, or just one random lucky month. No one can say for sure which it is, but casinos in Mississippi are hopeful. They are using the additional funds to fuel more promotions and bonuses for the gaming public. Their biggest hope is that the new promotions will continue to bring in customers who are loyal to their state’s casinos. Building a new customer base is one of the priorities of the gambling world. They are hoping that expansions in gambling will assure a new customer market. Without that assurance it is going to be hard to see a true turnaround that lasts and sustains Mississippi casinos in future years. Analysts for the casinos are waiting to see what the next few months have to show for business and whether or not this turnaround was the beginning of a trend. It is hoped that it is the start of true change, but no one knows for sure. The biggest threat is the online world that seems to be taking customers from land-based casinos in record numbers. It will take a lot to bring in new gamblers and to keep them coming into the casino floors but casinos aren’t giving up just yet. They are still fighting with promotions, bonuses and specials that even the most rigid gamer won’t be able to turn down for long.

Casinos are Competitive and that’s Great News for Gamblers

Wednesday, March 24th, 2010

It’s no secret that the gambling world is changing. A few short years ago, there were just a few casinos to choose from and they weren’t pushed to make outstanding strides. Rather, they shared players comfortably. Sure they may offer one special here and there, but for the most part they were never pressed to create anything more. Those days are now officially over. Casinos everywhere have to fight hard for customers. They have to create outstanding specials and bonuses that run from the time the customer signs up for the casino to the time they wager and well into their relationship. If you are looking for a casino that does that, check out the SIlverton Casino.

The Silverton Casino is located off of Interstate 15 at Blue Diamond Road, three miles south of Mandalay Bay on I-15. Voted “Best Locals Casino” in AOL City Guide’s 2007 City’s Best awards, Silverton Casino Lodge boasts a revamped interior and exterior, and offers the all-inclusive amenities characteristic of an upscale, contemporary luxury lodge. Silverton’s attractions include the Seasons buffet, the 24-hour Sundance Grill, the 2007 Zagat Las Vegas Nightlife listed Shady Grove Lounge, the innovative Twin Creeks featuring boutique bourbons, wine and food, and the new Mexican-inspired Mi Casa Grill Cantina. In additionally there is a 165,000 square foot Bass Pro Shops Outdoor World. Silverton offers 60,000 square feet of gaming with 1,400 slot machines and 30 table games, Keno Lounge, an intimate Poker Room and the Mermaid Restaurant & Lounge.  Another popular attraction is the property’s 117,000-gallon saltwater aquarium, voted “Best Free Attraction” in the Best of Citysearch 2008 awards, with more than 5,000 sharks, stingrays and tropical fish. Silverton’s slot club is called the Discovery Club. Every 500 slot points equal $1 comp dollar for all Silverton Outlets or every 1,000 slot points equals $1 comp dollar at the Las Vegas Bass Pro Shops.  There are four different levels of the Discovery Club. This is a great casino to check out if you are in the area. Remember that there is a lot to do here so plan a good week-long retreat. The gambling is just one of the many amenities you can enjoy. Have fun in Mississippi and see how much fun the SIlverton really is!

Check out Mississippi’s Beau Rivage

Wednesday, March 24th, 2010

The Beau Rivage has been voted the favorite casino on the Gulf Coast area of Mississippi four year in a row by the American Casino Guide.  Once you visit this gem of the south it will be easy to understand why.  Beau Rivage opened in 1999 with a staggering $800 million budget.  The casino stands as the largest individual employer with its staff of 3,800+.  Also the largest resort in the southeast to receive AAA’s prestigious Four Diamond Award. Decorated with a massive atrium in the main lobby and a breathtaking glass ceiling.  The atrium is home to a display of evergreens and beautiful flowers that are changed monthly.  Gaming needs are met within the 85,000 square foot casino that features 93 table games, 2,100 slot machines, 230 video poker games and a 16-table poker room. MGM MIRAGE Players Club members can use their cards at the casino to earn cash back or comps that can be redeemed at the Beau or any of the other 11 MGM MIRAGE properties.You will also find a selection of high to low end restaurants, 10 retail boutiques, a spa and salon, and a golf course that is only a 20 minute drive away.  Being that there are so many things to see and do at Beau Rivage it’s easy to see why it has been acknowledged by both Conde Nast Traveler and Travel + Leisure magazines as one of the top resorts in the country.  This is a great casino and anyone in the area should check in and see that premiere gaming in the US is.

For “high-rollers” there is also a separate salon functioning as a ‘casino within a casino’ that includes 10 blackjack tables and one interchangeable table for roulette or baccarat; a high-limit slot room with 100 machines; an exclusive buffet and bar lounge; dedicated cashier services; private restrooms and round-the-clock concierge service. For your entertainment purposes just off the casino floor you will find the Beau Rivage’s 1,550-seat theater featuring a $3 million, state-of-the-art sound and lighting system. The resort has a tradition of bringing top entertainment to the Coast nearly every weekend and past performers include: Jay Leno, Tony Bennett, B.B. King, The Beach Boys, Olivia Newton-John, Michael Bolton and the always fun- Wayne Newton.

Check Out the Hollywood Casino Tunica

Monday, March 1st, 2010

Hollywood Casino Tunica is located at 1150 Casino Strip Boulevard in Tunica, Mississippi. Much like Las Vegas and Atlantic City, Tunica Mississippi experienced a quick and lucrative transformation when casino gambling moved into the market and became the city’s main industry of choice. The facility i smade up of over 490 rooms that are luxury locations to enjoy for any tourist. There is also a 54,000 square foot gaming area, a golf course and amenities that make this one of the premiere gaming locations in Mississippi.

The casino is located 35 miles south of Memphis, Tennessee in the Casino Strip area. That makes it at a premiere location for tourism. Many visitors to Memphis venture the 20 minute drive to enjoy the Hollywod Casino Tunica’s offerings. In addition to gaming, there also are some premiere restaurants to enjoy. There is the renowned Fairbanks Steakhouse that has been voted one of the vest by the Casino Player magazine and was honored with a DiRona Award for dining excellence. The Epic Buffet is open for breakfast, lunch and dinner and designed to mirror a studio’s backlot. It’s unique decor and visual appeal are outstanding for the area and many people come from far and wide to enjoy its movie-themed atmosphere and excellent food.

There are two unique bars on site the first of which is the Safari Bar made to resemble a jungle movie set complete with lions and elephants, and a massive tree tangled up with a World War II fighter plane. The second is Box Office Bar has a nautical theme, where Bruce the Shark makes his home above the bar. Both bars are open 24/7. There is also a 14,000 square food convention center that offers full catering services. On top of everything else, there of course is the casino. With over 54,000 square foot of gaming floor, this casino is one to behold. It was voted Best Overall Tunica Casino, Best Blackjack and Best Video Poker location by Strictly Slots magazine subscribers. Overall this is a great location for gambling and if you are looking for premiere gaming, outstanding dining and amenities to choose from, then this may be the casino to try on your next vacation getaway.

Rivalries Intensify Between Alabama and Mississippi Casinos

Friday, February 5th, 2010

Casino operators in Biloxi, Miss., were the target of a little competitive surprise last month when a large blimp floating over their Gulf Coast rooftops invited gamblers to try their luck—but not at Mississippi complexes.  Instead, the 178-foot-long blimp sang the praises of Wind Creek Casino & Hotel, a 17-story resort 120 miles away in rural Alabama. Mississippi casinos have long been a stronghold of Southern gambling, but, as the competition for customers stiffens in the economic downturn, a growing number of luxury resorts in neighboring Alabama are vying to siphon off. Revenue at Mississippi casinos fell 8% in 2009 to $2.4 billion, which industry officials in both states attributed to the economy and more competition. Alabama officials say they don’t track casino revenue.

The battle between Alabama and Mississippi casinos comes as Alabama Republican Gov. Bob Riley is cracking down on electronic bingo machines, a popular form of gambling in the state. Mr. Riley says that because they qualify as slot machines, which are illegal in Alabama, the bingo machines are also illegal. Raids on establishments providing access to electronic bingo games were raided, and three have subsequently closed their doors.  While the Alabama Supreme Court rules on the legality of electronic bingo machines, thousands of Alabama casino employees are waiting to hear if they will still have jobs next week.

These type of state rivalries over gambling revenues are becoming more and more common.  Ohio voters approved an amendment in November to build casinos in four cities that the state hopes will draw gamblers, and revenue, from neighboring Indiana and Michigan. Pennsylvania casinos are luring gamblers from Atlantic City, where casino revenue fell 13% to $3.9 billion in 2009. “With the struggles in Mississippi, part of it obviously has to do with the economy, and part of it has to do with what’s happening to the east of ‘em,” said a smiling Jay Dorris, president and chief executive of Poarch Creek Indian Gaming Authority, which owns and operates Wind Creek and two other tribal casinos in the state.  Because Wind Creek operates with oversight from the National Indian Gaming Commission, a federal regulatory agency, the casino’s electronic gambling wouldn’t be affected by the Alabama Supreme Court ruling.