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Mississippi is home to one of the largest casino industries in the American South. 2020 has been a tough year for the casinos here, yet the industry seems to be slowly recovering. New reports claim there’s a massive new casino coming to Biloxi sometime soon.
Despite the difficult time, new casinos are opening up around the country. This one in Biloxi, Mississippi is expected to be one of the best. Today, we’re going to talk about the details of this new massive gaming property.
Let’s get into it!
Mississippi’s Casino Revenue Drops During Hurricane Season
Mississippi has been allowing casino gambling for decades. Initially, these venues were only allowed to operate on water. Today, there are a huge number of fantastic land-based casinos spread throughout the state.
Today, the majority of casinos here are located on the coast near Biloxi. Some of the country’s biggest casino companies operate venues in this city. That includes Twin River, Caesars, and Penn National Gaming.
Back in March, all of the state’s casinos were forced to shut down. In late May, Governor Reeves finally gave the green light for these properties to begin operating again. Most are now up and running again, yet revenue remains far lower than it was in 2019.
This year’s hurricane season has been taking a toll on the casino industry here. Over the past couple of months, these venues have been forced to close again several times. In September, most of Biloxi’s casinos shut down while Hurricane Sally approached. Fortunately, almost none of the venues here were damaged.
Lawmakers in Mississippi recognize how important the state’s gambling industry really is. The casinos here help to bring in a huge amount of revenue each month. They also employ thousands of individuals.
It now appears that a massive new casino-resort is being planned to open in Biloxi.
Here’s an Update on the New Casino Coming to Biloxi
There are almost 30 casinos now operating in Mississippi. Over the past few years, several companies have come up with plans to open new properties here. This week, we received more information on a new casino-resorts being planned to open in Biloxi.
Based on what’s being said, this will be the most impressive gambling venue ever opened in this state. It’s expected to cost $1.2 billion and will open on the Broadwater site in Biloxi. It will be built and operated by Universal Music Group, which also plans to open venues in Atlanta and Orlando.
Dakia U-Ventures will help to construct the new casino coming to Biloxi. Robert Lavia, a chairman with the company, believes this venue will help to connect gamblers with the local culture in Biloxi.
“Every destination holds a great story just waiting to be told through its cultural heritage and its music,” Lavia said. “Through this new concept, we will both help people discover new ways to channel their love for music and the arts and help empower the transformation of communities worldwide through cultural, inspirational, creative and conscious collaboration.”
This venue will feature at least 300 hotel rooms, several restaurants including a fine dining restaurant, and one of the largest gaming areas in the state. Universal Music Group claims it’s focused on boosting tourism into Biloxi, rather than taking business away from the other casinos here.
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It’s exciting news for gambling fans in and around Mississippi. We’ll continue offering updates on the construction of this venue over the next few months.
Louisiana’s Casino Industry Continues to Struggle
Mississippi isn’t the only Southern state with a large and prosperous casino industry. Neighboring Louisiana is also known for its casinos. Much like Mississippi, the industry here has been struggling this year.
Hurricane season continues to take a toll on the state’s gambling venues. Several of them took major damage from the recent Hurricane Laura. That includes the Golden Nugget Lake Charles, that saw its roof taken off from the high winds from this storm.
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This isn’t over yet. Hurricane Delta reached Louisiana on Friday evening. All of the casinos in Southwest Louisiana shut down as a precautionary measure. Fortunately, it doesn’t appear that any of them suffered major property damage.
These consistent storms are hurting an already-struggling industry. Even without the hurricanes, the casinos in Louisiana are seeing significant dips in revenue. Hopefully, we see things improve over the next several months.
Many now believe that Louisiana should legalize and regulate its sports betting industry. Several nearby states have taken this step and are now earning a huge amount of revenue. We’ll need to wait and see how lawmakers approach this new form of gambling over the next year.
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It will be interesting to see how the new casino coming to Biloxi changes the city. The owners seem to think it will help to boost tourism. Let us know if you’re excited about it in the comments section below!