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Casino and non-gaming investors eye Mississippi

Casino revenues, like many streams of money in the state, have seen seasons of ebb and flow according to Mississippi Gaming Association head Larry Gregory.

“It’s seasonal,” said Gregory. “We see increases with summer vacation, spring break, Fourth of July, New Year’s, tax refund season.. but a decrease if the weather in unpleasant, it is too cold, kids head back to school, and so on.”

For the Mississippi Gulf Coast, Gregory says non-gaming attraction investors are recognizing the potential.

“We have three or four (investors)..I can’t say much at this time, as I’m sure you can imagine.. but non-gaming investors are eyeing that Gulf Coast,” he said.

While Gregory maintains that the casino revenue is “okay” he says promising opportunities lie ahead for the river casinos in Tunica.

“Yesterday at the Gaming Commission.. there were two purchases made,” said Gregory.

Penn National purchased the Bally Resort Casinos in Tunica. The El Dorado Family of casino investors bought the Isle of Capri.

“We’re excited about this action in Tunica,” said Gregory. “Because it will not stay stagnant.”

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