Mississippi's casinos appear poised for a rebound, in partthanks to claims settlements paid the industry ruined by HurricaneKatrina, but one broker wonders if carriers will hedge their betsand hold back future coverage.
In a report issued by Standard & Poor's today, the NewYork-based rating service said the casino industry is poised for astrong comeback in Mississippi, with most of the state's casino'sreadying to reopen by the end of this year, and more gaminginterests looking to take root in the state.
The state's gaming industry was centered in Biloxi, with twocasinos in Gulfport and one in Bay St. Louis, employing 16,000workers. S&P said there are only three casinos in operationtoday, employing 4,600 people, but generating 55 percent ofrevenues the 12 did before Katrina. The industry generated $1.2billion in gaming revenue before the hurricane.
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