Resorts Casino Tunica Ms Closing
Caesars Entertainment has announced the impending closure of the Tunica Roadhouse Casino in Mississippi, which will put about 150 workers out of a job. The 31,000 sq. ft. property with nearly 700 slot machines and a handful of table games will shut its doors by the end of January, while the adjacent hotel will remain open.
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The closure comes during “persistent declines in business levels in the area stemming from increased competition,” according to Caesars.
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TUNICA, Miss.-(BUSINESS WIRE)-Apr. 16, 2019- Penn National Gaming, Inc. (PENN: NASDAQ) (“Penn National” or the “Company”), today announced plans to close the Resorts Casino in Tunica, Mississippi effective June 30, 2019, subject to regulatory approvals. Horseshoe Tunica Hotel and Casino Horseshoe Tunica is reopening at 8 a.m. On its website, the hotel and casino advises patrons to keep in mind parent company Caesars Entertainment’s. Resorts Casino Tunica Review - CLOSED. UPDATE: Owner and operator Penn National Gaming, Inc. Closed Resorts Casino Tunica effective June 30, 2019. Resorts Tunica originally opened in 1994 as the Southern Belle Casino and has been a favorite destination for years in Mississippi.There is over 40,000 square feet of gaming space here with 1,042 slots and other electronic games and 12 gaming tables. Resorts Casino Tunica. Good to Know: Resorts Casino Tunica. The budget-friendly resort and casino complex located in the Casino Strip Boulevard is the Resorts Casino Tunica. Resorts Casino Tunica Robinsonville is known as a gaming oasis for its many slot machines and other casino. The closing of the Tunica Roadhouse Casino, which features slots and table games, won’t affect casino revenue in any dramatic way, Franklin said. “What it’s doing is basically cutting back a number.
The Tunica region continues to struggle and is now in the midst of 12-year decline in revenue. The area started to lose business to iGaming machines in neighboring Arkansas in 2005. The competition will only increase as Arkansas voted to legalize four casinos in November. Tunica’s eight casinos brought in $595 million in 2017, which represented a decline of 6 percent.
This is the second casino in Tunica that Caesars has opted to close. In 2014, the Las Vegas-based company opted to shut down Harrah’s Tunica Hotel & Casino to reduce debt. Caesars still owns and operates the nearby Horseshoe Tunica Casino, which is roughly twice as large as the Roadhouse.
Tunica was once home to a yearly World Poker Tour event. The $10,000 buy-in WPT World Poker Open ran at Binion’s from 2003 to 2005, and at the Gold Strike from 2006 to 2008, and featured notable winners such as the late Dave “Devilfish” Ulliott, Barry Greenstein, and Scotty Nguyen.
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Mississippi has 28 total casinos and brought in $2.08 billion in gaming revenue in 2017, which represented a decline of 2 percent. While the Gulf Coast – Biloxi region remains strong as the eighth biggest gambling market in the U.S., the rest of the state’s land-based and riverboat casinos are losing ground. Additionally, those properties also have to contend with three large tribal casinos in the state operated by the Mississippi Band of the Choctaw Indians.