Saturday, January 31, 2015

2014 Summary and Predictions for 2015 – Part 2 (The Numbers)

2014 revenues for commercial casinos and racinos in the nine southeastern states.

Alabama and North Carolina do not have commercial casinos or racinos, only Native American casinos. Native American Gaming revenues for 2014 are not available for several months, so we will review those states later. Georgia, South Carolina and Tennessee do not have casinos or racinos. Arkansas, Florida, Louisiana and Mississippi do have commercial casinos and racinos, and their 2014 calendar year revenues are detailed below.

These are some interesting Revenue reports. Stay tuned to Part 3 of my 2014 summary and predictions blog series, where I’ll provide some commentary on each state…

Arkansas Revenues (in $millions)
 Revenues are the combined slot revenues for calendar years for Oaklawn Jockey Club and Casino and Southland Greyhound Park and Casino. Year-over-Year percentage increases or decreases in revenues are also provided.
2010
2011
2012
2013
2014
2010 - 2014
$ 60.8
122.1
181.0
214.9
233.7
+$ 172.9
+100.8%
+ 48.2%
+ 18.7%
+ 8.8%
+ 284.4%
Source: Arkansas Department of Finance and Administration, Electronic Games of Skill Revenue Reports

 Florida Revenues (in $millions) 
Revenues shown are the combined slot revenues for calendar years for racinos in Florida detailed in Part 1 of this report. Year-over-Year Percentage increases or decreases in revenues are also provided.
2010
2011
2012
2013
2014
2010 - 2014
$ 329.1
381.1
427.9
467.6
505.5
+$176.4
                          
+ 15.8%
+ 12.3%
 + 19.6%
+ 8.1%
+ 53.6%
Source: UNLV Center for Gaming Research, Florida Racinos Monthly Slot Revenues

Louisiana Revenues (in $millions)

Revenues shown are the combined gaming revenues for the 20 commercial casinos and racinos in the four regions of Louisiana. Year-over-Year increases and decreases in revenues are also provided.
Region 1 - New Orleans Region
2010
2011
2012
2013
2014
2010 - 2014
   $ 692.4
681.2
675.2
657.6
648.1
-$44.3
-1.6%
-0.9%
-2.6%
-1.4%
-6.5%

Region 2 - Lake Charles Region
2010
2011
2012
2013
2014
2010 - 2014
$ 638.4
672.6
676.6
679.7
719.6
+$81.2
                          
+ 5.4%
+ 0.6%
+ 0.5%
+ 5.9%
+ 12.7%
Note: The Golden Nugget Casino and Hotel opened for business in December 2014

Region 3 –Shreveport/Bossier City Region
2010
2011
2012
2013
2014
2010 - 2014
$ 760.4
732.7
713.3
737.3
740.2
-$20.2
-3.6%
-2.7%
3.4%
0.4%
-2.7%
Note: Margaritaville Casino and Hotel opened for business in June 2013

Region 4 – Baton Rouge Region
2010
2011
2012
2013
2014
2010 - 2014
$ 282.5
286.7
327.9
378.4
367.4
+$84.9
                          
+ 1.5%
+14.4%
+15.4%
-2.9%
+ 30.1%
 Note - L’auberge, Baton Rouge opened for business in September 2012

Total Louisiana 4 Region – 20 casino/racino totals
2010
2011
2012
2013
2014
2010 - 2014
$ 2,378.8
2,373.20
2,393.10
2,452.90
2,475.40
+ $96.6
                          
-0.2%
+ 0.8%
+ 2.5%
+ 0.9%
+ 4.1%
Source: Louisiana Gaming Control Board Revenue Reports

Mississippi Revenues (in millions)
 Mississippi commercial casino revenues are reported as gaming revenues for Gulf Coast Counties and Mississippi River Counties. In addition to revenues reported we have provided Year-over-Year increases or decreases for each group
Gulf Coast Counties Region
2010
2011
2012
2013
2014
2010 - 2014
$1,106.5
1,096.7
1,094.8
1,064.3
1,079.4
            - $27.1
                          
- 0.9%
- 0.2%
- 2.8%
+ 1.4%
- 2.5%

Mississippi River Counties Region
2010
2011
2012
2013
2014
2010 - 2014
 $ 1,282.5
1,142.4
1,156.3
 1,072.3
 988.5
- $ 294.0
                          
-10.9%
 + 1.2%
- 7.3%
- 7.81%
- 22.9%
Note – Harrah’s Tunica Closed in January 2014

Total Mississippi Gaming Revenues
2010
2011
2012
2013
2014
2010 - 2014
$ 2,389.0
2,239.1
2,251.1
2,136.6
2,067.9
 - $321.1
                          
-6.30%
- 0.5%
- 5.1%
- 3.2%
- 13.4%
Source: Mississippi Gaming Control Board Revenue Reports

Total Commercial Casino and Racino Revenues for the Southeastern U.S. (in $millions)
2010
2011
2012
2013
2014
2010 - 2014
Arkansas
$60.8
122.1
181.0
214.9
233.7
+ $172.9
Florida             
$329.1
381.1
427.9
 467.6
505.5
+ $176.4
Louisiana
$2,378.8
2,373.2
2,393.1
2,452.9
2,475.4
+ $96.6
Mississippi
$2,389.0
2,239.1
2,251.1
2,136.6
2,067.9
- 321.1
Total
$5,157.7
5,115.5
5,253.1
5,268.0
5,282.5
+ $124.8