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Hurricane Closure Hurts Casino Revenue. 2005-08-22
The Mississippi Coast may not have hurt by Hurricane Dennis, ‭ ‬but the effects on its casinos were devastating.‭ ‬Casinos were closed down, just when the busy weekend began, losing significant profits. This all occurred on the weekend of July 10th.
‭ ‬They closed on that Saturday afternoon,‭ ‬and reopened on the following Monday morning.‭ Coast revenue for the month was around ‬$102.3‭ ‬million.‭ ‬July’s busy weekend in 2004 was at ‬$113.7‭ ‬million. This year’s revenue was to surpass, that number significantly of 2004. ‬This was reported as one of the worst July’s since‭ ‬1998, ‭ ‬when Beau Rivage and Imperial Palace opened.
‭ Total revenues for casinos along the Mississippi River in July were at a total of‭ ‬$136.3‭ ‬million, ‭ ‬opposed to last year's‭ ‬$134.8‭ ‬million.‭ ‬The statewide total dropped to‭ ‬$238.6‭ ‬million, ‭ ‬from last July's‭ ‬$248.5‭ ‬million.‭ A few days makes all the difference in the heat of the summer.
(By Andrea)