Caesars Entertainment has announced that Tunica Roadhouse Casino located in Mississippi will stop its operations from January. This closure would leave 150 people unemployed.
A property with 700 slot machines and some table games will be shutting down its doors by the end of January. However, the adjacent hotel will remain open. The management has cited declines in business levels in the area due to increasing competition as the reason of the closure.
Tunica region continues to increase struggle and it has registered a 12-year decline in revenues. Tunica region failed to keep up to their competitors and began losing their customers in 2005. The competition is expected to increase in the coming years as Arkansas has recently decided to give a nod to legalize four casinos in November. Tunica’s eight casinos showed a decline of 6 percent.
Caesars has called for closing of their second casino. In 2014, the LA-based company decided to shut Harrah’s Tunica Hotel and Casino for reducing debt. Tunica used to be a paradise for poker enthusiasts from all over the world and it also used to host a yearly World Poker Tour event. Mississippi has 28 total casinos and has generated a revenue of $2.08 million. These figures show a 2 percent decline from the previous year. While Gulf Coast still remains a strong gambling market in the United States, it seems like Mississippi is losing its customers.