Katrina’s Toll: Casino Profits
READ MORE: Casinos, Hurricane Katrina, Mississippi
Beverly Martin, executive director of the Mississippi Casino Operators Association, said many casinos did not carry business interruption insurance. For every day they are closed, the state loses $400,000 to $500,000 in tax revenue.
And, of course, the casinos lose millions. One bright spot for the gaming industry though…
A new Hard Rock Casino, built to the latest hurricane codes and set to open next week, was crushed, although the giant guitar marking its location stood upright.
Not exactly a raised-fist-in-defiance sort of symbol, but we’ll take it. Rock on Hard Rock Guitar, rock on…
Face to Face With Death and Destruction in Biloxi[Herald Tribune]
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