Sunday, July 19, 2015

From the Jul 2015 Delta Business Journal

There is an article in the above periodical by Becky Gillette.  The article is:


Tunica Gaming: Tunica may have turned the corner on declining gaming revenues.

Let's all hope so.  Oh boy, do I hope so.  However,...and here it comes...we need to look at a few more numbers to see if this is true.

The article states: "But now it appears Tunica could be turning the corner on declining revenues.  'April revenue for 2015 was greater that 2014 with one less casino,' says Mississippi Gaming Commissioner Nolen Canon."

Hold on here a minute.  Although any upward tick of revenue is good news, we will need to wait until the 2015 annual figures are in before making this type of forecast.  We would have to see an annual increase of around $3M to even think about "turning the corner."

Let's look at the following list of total general fund revenue from gaming:

2006; 33,166,315
2007: 32,873,895
2008: 30,757,057
2009: 27,764,117
2010: 24,935,465
2011: 22,060,202
2012: 22,505,411
2013: 20,577,025
2014: 18,485,914

Let's hope total revenue for 2015 comes in at around $21M.

PS: I will find out where we are as of 30 Jun 2015 and will report back.






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