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.
