Mississippi and Louisiana First Quarter 2015 Revenues

Gaming revenues for the two states increased in Q1 2014 by 3.9% , with Louisiana up 8.3% and Mississippi down by 1.1%.  

	Mississippi	Louisiana	2 State Total
Q12015	$   544,232,069	$   681,082,643	$1,225,314,712
Q12014	$   550,025,920	$   629,189,825	$1,179,215,745
Q12013	$   562,807,004	$   562,807,004	$1,125,614,008

Source:  Mississippi Gaming Commission Revenue Reports, Louisiana Gaming Control   

MISSISSIPPI  

	Gulf Counties		River Counties
	Revenues	YoY	Revenues	YoY
Q12015	$     289,874,834	5.2%	$     254,357,225	-7.3%
Q12014	$     275,651,446	0.6%	$     274,374,475	-5.0%
Q12013	$     274,006,484		$     288,801,619

Source: Mississippi Gaming Commission Revenue Reports.

Gulf Coast Counties – Positive growth in revenues with continued expansion of facilities.  The Golden Nugget $200 million upgrade was completed in 2014. The Island View in Gulfport will open its new Beach Tower hotel and restaurant facility in a few weeks and the new hotel at the Silver Slipper in Bay St. Louis will open in 2015. The new Scarlet Pearl Casino and Hotel in D’iberville is well into construction, due to open late this year.

Mississippi River Counties – Still slumping – I continue to predict at least one facilities closure in 2015.

LOUISIANA

Lake Charles

	Revenues	YoY
Q12015	$     226,332,814	36.0%
Q12014	$     166,451,804	-0.3%
Q12013	$     166,978,965

Source: Louisiana Gaming Control

Lake Charles – Our previous post “Holy Golden Nugget, Batman” says it all. The Golden Nugget posted gaming revenues of $65 million in the first quarter of 2015 after opening in mid-December 2014, which boosted the region by 36% percent.  

Shreveport/Bossier City

	Revenues	YoY
Q12015	$     188,661,144	0.7%
Q12014	$     187,406,155	3.1%
Q12013	$     181,735,587

Source: Louisiana Gaming Control

Shreveport/Bossier City -  Margaritaville continued to have gains in market share and monthly revenues while Diamond Jacks and Harrah’s Louisiana Downs continued to decline. The greatest decline was at Louisiana Downs, with a 22.9% decline from Q12014 to Q12015. Our visit to Louisiana Downs in February provided evidence of decline in the activity and the facility.

New Orleans

	Revenues	YoY
Q12015	$     165,415,912	-4.0%
Q12014	$     172,345,513	-2.4%
Q12013	$     176,581,088

Source: Louisiana Gaming Control

New Orleans – A continued decline led by Harrah’s New Orleans, the largest revenue generator, down 10.2% year-over-year.

Baton Rouge

	Revenues	YoY
Q12015	$       97,612,774	2.0%
Q12014	$       95,665,651	-3.1%
Q12013	$       98,695,646

Source: Louisiana Gaming Control

Baton Rouge – Held steady.