The casino market in Arkansas is picking up and the state’s neighbors are feeling the heat. Penn National has decided that it will close one of three properties in Tunica, Mississippi, which sits to the east of Arkansas, as the three properties combined are not keeping up with the regional competition.

Resorts Casino Tunica is located in Tunica County, Mississippi. It borders Arkansas, which has seen an increase in casino activity in the past several months, and the venue is scheduled to shut down on June 30 after receiving approval from regulators in the state.

Penn National purchased the casino, as well as Bally’s Casino Tunica (now called 1st Jackpot) for $44 million in March 2017. Both are leased from Gaming and Leisure Properties, Inc., a real estate investment trust that was previously a division of Penn National before it became independent in November 2013. Penn National also operates a third casino, Hollywood Casino Tunica, which is adjacent to Resorts Casino Tunica.

Since 2014, three casinos in the area have closed and there are now only six functioning casinos in the immediate area. Tunica County was once a major casino market after the state legalized gambling in 1992 and was, for a long time, the only area that saw casinos. In 2001, there were 13,000 gaming jobs in the county – now there are less than 5,000.