Third casino in Mississippi's Tunica County to close

41901236- group of people talking in social network

41901236- group of people talking in social network

Casino operator Penn National Gaming announced Tuesday that it has made a decision to close Resorts Casino Tunica, one of its three properties in Tunica County, Mississippi.

Resorts was the smallest casino remaining in terms of slot machines and table games after Caesars Entertainment closed Tunica Roadhouse closed in January.

Greenwood Gaming's Parx Casino, meanwhile, came in a close third, with revenue reaching $984,339 - a significant jump on February's $369,996 total - from handle of $8.0m. Arkansas voters earlier this month approved a referendum allowing four full-fledged casinos, including one at Southland Gaming & Racing in nearby West Memphis.

Rivers Casino in Pittsburgh led with nearly $12 million in bets.

Gambling was legalized in Tunica county back in 1992, and at one point was the main gambling hub and go-to casino destination for hundreds of miles.

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The official went on to say that they did their best to keep the property afloat, "increased competition from recent gaming expansion in Arkansas continues to drive the property's business volumes lower" and they were only "left with the hard decision to close the business". Mr. Britton said they will be seeking job opportunities for its employees at Penn National's two other Tunica-based properties or at its other 39 casinos across the United States.

Penn National acquired operations of the property in March 2017, along with Bally's Casino Tunica and operations at Hollywood Casino Tunica.

This year's March revenue is 2.86 percent increase over March 2018.This March's numbers for table games was a 4.25 percent increase over March of last year when revenue was $79,165,791, the previous monthly high for table games.

Sports betting was something everyone was hoping for when it was legalized last May. Revenues in Tunica have shown an uptick in recent months since MS legalized sports betting, but it's unclear if that will be a long-term improvement.

Only 6 states gave the greenlight for sports betting to be permitted in their state, including a tribal casino in New Mexico, which is running a sportsbook under federal approval.

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