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Daily Archives: June 21, 2013

Shareholder vote near on Renasant takeover of First M&F

TUPELO, Mississippi – Affirmative shareholder votes Tuesday will clear the way for Renasant to begin a $119 million acquisition of Kosciusko’s First M&F Corp. in a move designed to give the $4.2 billion regional bank a Central Mississippi presence and increased market shares in the northern part of the state as well as in Tennessee and Alabama. Tupelo’s Renasant announced ...

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Mississippi's May casino revenues offer economic encouragement

For those who judge casino spending as an indicator of increased leisure spending and economic recovery, May was a good month. Just 30 days after one of the worst casino revenue months in the last 15 years, an abrupt reversal by the state’s Gulf Coast casinos in May have sparked Mississippi casinos to their first year-over-year increase in two years. ...

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State's unemployment fell slightly in May; still second-highest ratre in nation

ACROSS MISSISSIPPI — Mississippi’s unemployment rate dropped slightly to 9.1 percent in May, and the state was tied with Illinois for the second-highest jobless rate in the nation. Figures were released today by the federal Bureau of Labor Statistics. The Mississippi unemployment rate was 9.2 percent in April and 9.4 percent in March. Nevada had the highest unemployment rate among ...

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State's casinos finally see an increase in revenue over 2012

ACROSS MISSISSIPPI — Mississippi casino revenue rose in May, the first month in 2013 that state’s gross casino revenue was higher than in 2012. Revenue was up 3 percent statewide to $192.7 million in May, according to the report from the Mississippi Department of Revenue. South Mississippi’s 12 casinos won $95.1 million in May, up more than $4 million from ...

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Senators backing sale of helicopters to Thailand

WASHINGTON, D.C. – U.S. Sens. Thad Cochran (R-Miss) and Roger Wicker (R-Miss.) are supporting the possible sale to Thailand of Lakota helicopters manufactured in Mississippi. The Defense Security Cooperation Agency (DSCA) has notified Congress of the government of Thailand’s request to purchase six Lakota helicopters, with associated training and equipment.  The estimated cost is $77 million. “The sale of these ...

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Commission approves sale of Ameristar to Pinnacle

JACKSON — The Mississippi Gaming Commission has unanimously approved the Pinnacle Entertainment’s proposed acquisition of Ameristar Casinos. According to a release from Pinnacle, completion of the transaction remains subject to the receipt of additional required regulatory approvals and customary closing conditions. “Ameristar Casino Hotel Vicksburg is a terrific addition to our portfolio and nicely complements our existing operations in the ...

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Supervisors vote to add yet another bond issue

MERIDIAN — As Lauderdale County officials prepare to pay off one bond issue, supervisors voted this week to add another $14 million bond issue for city and county recreation projects, as well as courthouse renovations. Before the board of supervisors’ action this week, there were 11 outstanding bond issues currently being paid for in the county. One is a bond ...

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MDAC yanks license of landscaper guilty of home repair fraud

PHILADELPHIA — The Mississippi Department of Agriculture and Commerce has revoked a Philadelphia resident’s landscaping license for home repair fraud. Tellas Moore, owner of Doby’s Enterprises, formerly known as Peoples Choice Landscape Services, pled guilty to one felony count of home repair fraud in 2011 for failing to complete landscaping and other home repair and improvement services despite having accepted ...

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MDEQ lifts beach closure prompted by sewage release

BILOXI — The Mississippi Department of Environmental Quality (MDEQ), through its Beach Monitoring Program, has lifted a beach closure issued June 17. The stretch of beach is from Grande View Drive to Brady Drive in Biloxi (approximately from east of Edgewater Mall to just past Beauvoir). The City of Biloxi reported to MDEQ Monday that a pump station malfunctioned and ...

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