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Mississippi casino revenue rises as sports betting begins | The Sun Herald

After September is over, Mississippi Gaming Commission Deputy Director Jay McDaniel said the commission plans analyze whether sports betting is creating increases in other revenue, and by how much. No one covers what is happening in our community better than we do. And with a digital subscription, you'll never miss a local story. The figures for September will be bigger, as football season gets into full swing. McDaniel said that through Sept. 19, bettors wagered $17.8 million, suggesting the total will be between $25 million and $30 million for the month. Over the long term, Jacobs said officials expect casinos to win 6 percent to 7 percent of what is wagered. A May U.S. Supreme Court decision allowed states nationwide to join Nevada in legalizing sports betting.

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Atlantic City casino reinvestment board defends performance after report criticizes spending

I think that’s very important in terms of things that have been said or done.” Mulcahy was referring to Mercadien Asset Management, of Hamilton Township, Mercer County, which conducted CRDA’s 2017 statutorily mandated financial audit. Other firms, including Wiss & Company LLP and Friedman LLP, have been used by the authority in prior years. But the 29-page state performance audit, released by the state Office of Legislative Services and the Office of the State Auditor, was the first such review of CRDA since its inception in 1984. The objective, according to the report, was to “determine whether financial transactions were related to the authority’s programs, were reasonable and were recorded properly.” CRDA criticized for fiscal mismanagement in state audit report The Casino Reinvestment Development Authority was sharply criticized in a state audit for it… One example noted in the report was a contract for emergency roof repairs at Boardwalk Hall that resulted in nearly $2.1 million being overspent by the authority. In its response, CRDA said the lapse of time between identifying the need for the repairs and the subsequent emergency work was not taken into account by the auditors.

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2018-09-25 / Posted in