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Gaming industry key catalyst for region's economic comeback.

Publication: Mississippi Business Journal
Publication Date: 25-AUG-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Gaming industry key catalyst for region's economic comeback.(After Katrina)

Article Excerpt
The gaming industry has played a major role in the Coast's recovery. The hurricane's destruction was the catalyst to bring the floating gambling barges onshore, and the passage of the state law allowing casinos to locate 800 feet from the shore did that. Just three months after Katrina, three Biloxi casinos re-opened and were soon followed by others who converted onshore hotel space into gambling halls.

Three years later, 11 casinos are operating in Hancock and Harrison counties and employing 12,500 workers, giving the area a much needed economic boost.

"The recovery of Coast casinos has been remarkable," says Larry Gregory, executive director of the Mississippi Gaming Commission. "Gross gaming revenue was at its highest in 2007 at $1.3 billion. No one ever expected the industry to rebound as quickly as it did."

That revenue is in sharp contrast to gaming in other U.S. jurisdictions where the industry,...

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