That market looks to be on life support
https://www.fox13memphis.com/top-stories/casino-plans-to-shut-down-this-summer-in-tunica/940768927
https://www.fox13memphis.com/top-stories/casino-plans-to-shut-down-this-summer-in-tunica/940768927
Another casino closing in Tunica
- Thread starter Duke Humphrey
- Start date
Yet the Coast casinos are flourishing.
This needs to be a lesson to the movers and shakers and legislators in this state. You do not always need to go for the quick money grab especially when it comes to tourism. The Coast works because it has multiple different tourism draws, you can say the same for Natchez and Vicksburg on a smaller scale.
That one is about the farthest one from Memphis and really doesn't stand out from Hollywood Casino. They share a parking lot and Resorts almost looks like the hotel part of Hollywood.
Tunica has no chance to compete with this. That place is directly on the interstate across the river from downtown Memphis.
It is over for Tunica I am afraid. They had a good run but it was never a good idea. I imagine they will be able to keep 1 or 2 casinos open there I guess.
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Not sure if this is smart *** or not. If you cannot tell that place is on a major downhill slide, there is no helping you. There used to be 10 I think, so they have nearly lost half, and Harrah's was the biggest. Not to mention they are all ratty now, and the dilapidated buildings are not helping the situation.
You are right
There will always be a market there for a few of the big casinos there, but competition has made the old model unsustainable. It was a good idea in the 1990s and it flourished into the mid-2000s. When Desoto County did not approve gaming Tunica was just the best option for the area and it worked because there was very little competition on the I-55 corridor and into the Midwest. That is not the case today.
There will always be a market there for a few of the big casinos there, but competition has made the old model unsustainable. It was a good idea in the 1990s and it flourished into the mid-2000s. When Desoto County did not approve gaming Tunica was just the best option for the area and it worked because there was very little competition on the I-55 corridor and into the Midwest. That is not the case today.
I’m not sure but I’d say the owners of those casinos made an investment. Have no idea if they have paid it back or not, but I’d say if someone wants to make a big time investment that doesn’t cost the state money, then let them.
Live table games now. Sportsbook and hotel coming. And the current owners bought that place at the basement.
It did cost the state (and feds) money in infrastructure. I am not saying all of it is bad.
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Yes, sports betting is legal now in Arkansas. I think part of the issue is how they set up Tunica. It's so spread out instead of having a strip where other businesses and restaurants could develop also. That would allow a lot more foot traffic and growth. However, like someone said MS is mostly short sighted when it comes to this stuff, you know planning for the future.
My mother in law worked for Horseshoe up until about two years ago, and she left because she unfortunately saw the writing on the wall. Like most things, there are probably a million different reasons as to how Tunica got here, but they took a really hard hit during the housing crash and never recovered.
In an effort to get the revenue stream back where they wanted it to be, a lot of Tunica casinos started marketing promotions and events towards pretty much anybody they could convince to walk through the door, and it eventually started discouraging other clientele from coming. One of the first big closures was The Grand, and then I believe the Cottonwoods course was shut down shortly after that. It's been a gradual decline ever since
In an effort to get the revenue stream back where they wanted it to be, a lot of Tunica casinos started marketing promotions and events towards pretty much anybody they could convince to walk through the door, and it eventually started discouraging other clientele from coming. One of the first big closures was The Grand, and then I believe the Cottonwoods course was shut down shortly after that. It's been a gradual decline ever since
Resorts is an aged, dilapidated building that frankly should have been shuttered years ago. The capital necessary to get it back up to par would never be recovered in this market. Sad to see such an iconic building in the area go, but ownership had little choice.
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It’s just like a football stadium or baseball stadium in this state.
Quality over quantity is the sustainable growth method.
Quality over quantity is the sustainable growth method.
They could all end up dark, but what those developments did for the infrastructure in Tunica County is impactful for generations to come.
A lot of what I saw up there recently was crumbling and looked worse than the fields that it replaced.
Couple the decline in casino revenue with the absolutely incompetent county leadership now in place and the future is dim indeed. Hate it for a community of folks that I cherish as friends.....
This post is 100% accurate, especially the bold part, which applies heavily to Resorts in particular.
Yeah it was somewhat smartassery, the point was that 6 is about 3 or 4 too many. Tunica was a no destination area to begin with, nothing else there. The gaming commission allowed anybody that would build a building to do so knowing that they couldn't all survive and would cannibalize each other eventually. Now, its an area made worse by a bunch of dilapidated abandoned buildings where nobody wants to go. Hopefully they'll bulldoze all but the last couple holdouts and let competition between them rebuild the area and can let them be contributors
Riverbend and Tunica National are still open. Cottonwoods closed when Harrahs shut down and it’s now just an overgrown wilderness.
I went to Goldstrike last year and didn't really notice it being ratty or dilapidated.
You mean the crumbling infrastructure that the county can’t afford to keep up? The board of supervisors in Tunica county is a clown show. They’ve squandered what money they had and have no way to do anything anymore. It’s pathetic.
That place had no business being open to begin with. There’s no question the casinos aren’t doing well but I wouldn’t look at this closing as some kind of barometer for Tunica.
Schools may have seen massive upgrades, but I mostly see a bunch of roads to nowhere if this happens.
In its inception, Tunica was to be a big hit with Memphis area residents. Casinos were kind of a new thing in the south at that time. It did well for about a decade, but time passed it by quickly, and the poor delta is still the poor delta. It's remote without any major thoroughfares and simply a forgotten place for those looking for weekend kicks. They will probably all be empty in five years from now.
Tunica needs other attractions as well. I thought at one time they were talking about building a NASCAR track there. That would've done really well. Also maybe a theme park. If i had the money, the one thing ALL casinos must have in the same town is a nice Gentlemen's Club. There's not one nice strip joint down there. That would be a serious money maker.
The NASCAR track was a pipe dream of some investors that didn’t have anywhere near the money to pull it off. It was pretty much a no go from the beginning.
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