{"id":11785,"date":"2013-10-14T09:58:58","date_gmt":"2013-10-14T17:58:58","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=11785"},"modified":"2013-10-15T08:11:52","modified_gmt":"2013-10-15T16:11:52","slug":"mississippis-plight-and-other-case-bets","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/mississippis-plight-and-other-case-bets\/","title":{"rendered":"Mississippi’s plight and other Case Bets"},"content":{"rendered":"

At the risk of sounding apocalyptic, the best years of the Mississippi \"MS<\/a>casino industry may be behind it. This year’s revenue is projected to top out at $2.15 million<\/a>, well below 2007’s all-time peak of $2.9 million. Admissions were 3.7 million fewer in the 2Q13 than in 2Q07. Rival attractions in Arkansas<\/strong>, Louisiana<\/strong> and even as distant as Oklahoma are draining off business. Casinos that go downhill, like the DiamondJacks<\/em> riverboat in Vicksburg<\/strong>, can’t count on buyers to rescue them from their troubles. (The DiamondJacks<\/em> fleet lost a potential buyer after the facilities were deemed “woeful.) So now there’s Vegas-like talk about diversifying the amenities on offer, in hopes of bringing back customers. Gaming’s been around in that part of the country for a couple of decades and customers may need new reasons to spend, aside from gambling. If Mississippi casinos need ideas, they could look to tribal casinos<\/a> for inspiration.<\/p>\n

Case bets …<\/strong> Casino detractors are always pooh-poohing the effects of casino revenue but in Detroit<\/strong> it’s propping up the city. Tax revenues \"mgm-grand-detroit-promotions\"<\/a>from Motown’s three casinos will help securitize a $350 million loan. Writes The Associated Press<\/strong>: “About $230 million in financing from Barclays<\/strong> would be used to fully pay off a complicated pension debt deal involving two major creditors. The rest would be used to improve basic city services and city government technology infrastructure<\/em>.” … Everybody connected with Howard Bulloch<\/strong>‘s SkyVue<\/strong> project (henceforth Bulloch’s Folly) is heading for the tall grass<\/a>. I think we can safely call this project dead. By the time it gets up and running, Caesars Entertainment<\/strong>‘s rival Ferris wheel will have spinning for a year and a half. … Attorney Bob Faiss<\/strong> literally wrote the book on Nevada<\/strong> gaming regulation. The Grant Sawyer<\/strong> protege is also one of the nicest men you’d ever have the pleasure to meet. So it was with distress that I read he’s battling cancer<\/a>. Here’s hoping he beats the Big Casino and lives another 79 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

At the risk of sounding apocalyptic, the best years of the Mississippi casino industry may be behind it. This year’s revenue is projected to top out at $2.15 million, well below 2007’s all-time peak of $2.9 million. Admissions were 3.7 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[44,14,35,25,31,9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11785"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=11785"}],"version-history":[{"count":5,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11785\/revisions"}],"predecessor-version":[{"id":11802,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11785\/revisions\/11802"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=11785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=11785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=11785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}