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Biloxi Casinos Report Strong Revenues

21 June 2006

BILOXI, Mississippi – As reported by the Biloxi Sun Herald: "Biloxi's lure remains strong more than five months after casinos reopened to surprisingly strong revenues following Hurricane Katrina.

"The city's casinos made almost $63 million in gross gambling revenue during May, according to figures released this week by the Mississippi State Tax Commission. That compares to $59.56 million in April and $63.5 million in March.

"A year ago, the 12 casinos on the Coast in operation before Hurricane Katrina struck made $113 million.

"But the really telling numbers are the wins per unit, according to Scott King, an operations analyst with an MBA in finance who teaches casino management at Tulane's Biloxi campus.

"…As more casinos open and hotel rooms come online, King expects the Biloxi market to grow. He's using New Orleans as a barometer. May revenues in the Crescent City came in at $67.1 million compared to $58 million last May. Harrah's New Orleans took in $35.7 million, compared to $33 million last May…"

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