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Daily Archives: March 6, 2012

Indian gaming revenue rebounded in 2010, outpacing commercial casinos

Gambling revenue at casinos run by American Indian tribes edged up slightly in 2010, while the take for commercial casinos declined slightly, an annual report released Tuesday shows.. The tribal casinos’ uptick in revenue reversed a first-ever drop in revenue the previous year, the report detailed in the Atlanta Journal-Constitution says. Read the full story.

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Still in acquisition mode, Cadence set to buy Houston’s Encore

Birmingham’s Cadence Bancorp, formerly headquartered in Starkville, has signed a definitive agreement to buy Houston-based Encore Bancshares, Inc. (NASDAQ: EBTX) in an all-cash transaction of $20.62 per share. Under the deal, Cadence would pay approximately $250 million for the approximately 12.1 million outstanding shares of Encore, a $1.6 billion banking company with 12 locations in the Houston region. “When we ...

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M-Braves start new season at Trustmark April 5

Get ready for that first pitch. Just three weeks from now an umpire will call out “Play Ball!” at Trustmark Park to mark the start of the 2012 season for the Mississippi Braves. Mississippi Braves individual game tickets for the new season will go on sale at 9 a.m. Monday. Fans can swing by Trustmark Park’s ticket office to buy ...

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State, county offering $76M in incentives to SiliCorr

LOWNDES COUNTY — The state of Mississippi is offering $60 million in incentives and Lowndes County is kicking another $16 million for infrastructure improvements to support an operation that will melt gravel into silicon for everything from cosmetics to cellphones and computer screens. In return, the company, called SiliCorr, would invest $500 million in the plant and hire 950 workers. ...

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Judge dismisses family's lawsuit over marina construction

BAY ST. LOUIS — A judge has dismissed a Bay St. Louis family’s lawsuit it filed against the city and the state over the future use of their property as a marina. Kenneth F. Murphy, Ray J. Murphy and Audie R. Murphy, who own the beachfront site where the popular Dan B.’s tavern and restaurant stood before Hurricane Katrina and ...

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City officials approve annexation of private property

OXFORD — Oxford officials will not oppose property owners wanting their 160 acres brought into the city limits. The Oxford Eagle reports the Board of Aldermen told City Attorney Pope Mallette to notify the Lafayette County Chancery Court that it will not object to the annexation request. The property owners are hoping to sell their land to Baptist Memorial Health ...

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Farish Street Group getting $10.2M loan from JRA

JACKSON — Developers of the Farish Street Entertainment District have taken the first step toward securing money needed to finish construction on the first block of the $100 million project in downtown Jackson. Yesterday, the Jackson Redevelopment Authority approved a non-binding agreement with Farish Street Group for a $10.2 million loan. As collateral, developers would put up $11 million in ...

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