Bad news for Biloxi Casinos?

Biloxi was holding pretty well compared to Las Vegas and Atlantic City, but after this report, not looking too good…

June was a wake-up month for Mississippi casinos, which saw the kind of bad hand dealt casinos in Las Vegas and Atlantic City for well over a year.

The gross casino revenue reported monthly by the Mississippi State Tax Commission showed Coast casinos down 28 percent compared to last June. The river casinos were down 13 percent and the state overall saw a 20 percent drop in casino revenue.

June 2008 was the fifth- best month on record, when the Coast casinos won $114.6 million.

There are 11 casinos now compared to 12 before Hurricane Katrina.

August 2008 was the last time the Coast casinos saw a better month than the previous year.

This the 10th straight decline.

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