By definition, when a state agency dictates site plans, investment and other regulatory matters you do not have a “free market”, at least in the classic sense. Even more important though, is the local casino market is saturated and then some at precisely the time Cities like Waveland finally decided to try to get into the game.
The basic tenants of economics neither exclude or favor certain industries or businesses. And when you have a weak sister in a saturated market:
Jimmy Buffett’s Margaritaville Biloxi to close “on or before” Sept. 19 ~ Warren Kulo
Casinos in Tunica have closed recently due to the competition from other states that have since legalized gambling. Here is a timely piece from the Nation’s #2 gaming market, Atlantic City, New Jersey:
Atlantic City doomed by glut of casinos in region ~ Wayne Perry
Meantime ground just broke in D’Iberville on the Scarlet Pearl. Far be it from me to cast aspersions at a privately funded Casino because I won’t but dropping the phrase building into a headwind isn’t too strong a term for the context.
In my opinion, if the economic development people folks in Jackson had an ounce of sense, Continue reading “Like I said, the gaming market is saturated here on the coast……”