Flooding & Casinos
May 11, 2011 by USA Post
Flooding & Casinos, All but three of the 19 Mississippi River casinos are closed due to flooding and the other in Vicksburg is expected to close the weekend, the commissioner of the state of play, he said, noting that some may be out of business up to a month.
This is the first time since the river opened casinos in the early 1990 that the state has closed many due to a disaster. And the closures will put a dent in local tax revenues and cash registers.
Larry Gregory, executive director of the Mississippi Gaming Commission, said the Mississippi River and game brings in about 13 million a month in tax revenue to state and local governments and the casinos employ about 13,000 people.
“That is the tax revenue that is lost,” he said. “Imagine that people do not come to work and spending money.”
“There are all kinds of economic impact,” he added, noting that about 6,000 hotel rooms were empty as well.
He said he anticipates no major damage to any of the casinos, but some are expected to close about a month, depending on location, and to wait for the river to crest and recede.
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