GULFPORT — A development company that had wanted to build a $112 million casino at the Gulfport Harbor but has been unable to obtain financing will have to return to the Mississippi Gaming Commission for new approval if it wants to go ahead with the project.
The Sun Herald reports a time limit on permission for the project expired last week.
If developer Rotate Black is able to obtain financing, the company will have to take its building and financial plans back before the commission, according to Allen Godfrey, executive director of the gaming commission.
The company could not be reached for comment yesterday.
The gaming commission approved the project in August 2012, contingent on Rotate Black delivering documents assuring it has the financial backing to build and operate the resort.
The company requested an extension of permission to proceed in January. The gaming commission granted the extension but set a deadline of April 17.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info