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……”
Over the next few weeks I’ll be rolling out a series of announcements regarding Slabbed and its continued evolution to a self sustaining news site. The most major of the behind the scenes activities is the location of this website to a file server that is owned by Slabbed New Media LLC that will be located at a secure colocation facility somewhere here in Mississippi. The equipment has all been purchased and this process is actually very far along. For my part I have become hip to the Kernel.
Next up are the numerous requests that I am getting to connect via LinkedIn. I use my LinkedIn account for professional purposes only so if I don’t know you, there is little to no chance I will connect with you on that platform. Journalists, lawyers, members of the MSCPA, academics and other finance professionals are the typical demographic I connect with on LinkedIn. Worry not though folks because there is always Facebook.
Right now my Facebook account is so buried very few people have actually found me on that platform. That said I’ll connect with anyone so interested on that platform so if I turned you down on LinkedIn try hunting me up on Facebook. I’ll do my best to unbury my account in the meantime.