Mississippi casinos revenues, insurance costs up

27 Oct 2006

BILOXI, Mississippi – As reported by the Biloxi Sun Herald: "The Gulf Coast casinos owned by Penn National Gaming are making more money now than they did before Hurricane Katrina, but profits are being offset by higher insurance costs, company executives told investors Thursday in an earnings conference call.

"Boomtown Biloxi had net revenue of $27 million for the third quarter of the year. Hollywood Casino Bay St. Louis, which was not operating during the full-three month-period, reported revenue of $10.7 million since its Aug. 31 opening. Casino Rouge in Baton Rouge reported $33.3 million in revenue.

"…Insurance premiums for the three properties are now costing the company more than $13 million a year. The bill for Boomtown is $3.7 million; for Hollywood Casino, $5.5 million; and for Casino Rouge, $4.2 million…"

Mississippi casinos revenues, insurance costs up is republished from CasinoVendors.com.

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue Related Links Penn Entertainment
	Mississippi casinos revenues, insurance costs up 27 Oct 2006 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> BILOXI, Mississippi – As reported by the Biloxi Sun Herald: "The Gulf Coast casinos owned by Penn National Gaming are making more money now than they did before Hurricane Katrina, but profits are being offset by higher insurance costs, company executives told investors Thursday in an earnings conference call. "Boomtown Biloxi had net revenue of $27 million for the third quarter of the year. Hollywood Casino Bay St. Louis, which was not operating during the full-three month-period, reported revenue of $10.7 million since its Aug. 31 opening. Casino Rouge in Baton Rouge reported $33.3 million in revenue. "…Insurance premiums for the three properties are now costing the company more than $13 million a year. The bill for Boomtown is $3.7 million; for Hollywood Casino, $5.5 million; and for Casino Rouge, $4.2 million…" Mississippi casinos revenues, insurance costs up is republished from CasinoVendors.com.

Related Links

Mississippi casinos revenues, insurance costs up