Biloxi casino industry passes billion-dollar mark

Biloxi’s casino industry reported its largest ever annual gross gaming revenue in 2007, more than a billion dollars, according to figures compiled by the city today.

The city’s eight casinos reported total gross gaming revenue of $1.007 billion for 2007, a year in which nine months saw revenue of more than $80 million, including an all-time monthly high of $97 million in July.

The city announced the figures today, once December’s gross gaming revenue figure — $78.3 million – was reported.

Mayor A.J. Holloway had acknowledged last week that November’s revenue figures had pushed Biloxi gaming revenue to $929 million for the year, eclipsing the previous record year of $911 million in 2004.

“This is a huge milestone, not only in our recovery, but in the overall growth of the casino resort industry in Biloxi,” Holloway said. “When you consider those gaming figures and the billion dollars in permits we’ve issued since Katrina – half of which were non-casino and non-condo – and the Biloxi Bay Bridge fully opening in three-and-a-half months, this tells the rest of the county that Biloxi is indeed coming back bigger and better.”

To see the yearly and monthly reports on gaming revenue in Biloxi, click here.

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To see the background report on gaming revenue, click here. click here.

To see links to Coast casinos, as compiled by the Gulf Coast Convention and Visitors Bureau, click here.