Tunica, Mississippi Casino To Close By The End Of JanuaryCaesars Entertainment's Tunica Roadhouse Casino To Shut Down |
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Tunica Roadhouse Casino
The closure comes during “persistent declines in business levels in the area stemming from increased competition,” according to Caesars.
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.
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A Bird's-Eye View Of Tunica's Casinos
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.
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