GULFPORT — The latest casino plan for the Biloxi’s harbor is far from a done deal.
The Sun Herald reports the developers — Virginia attorney Robert Lubin and Kentucky casino-company owner Kevin Preston — still have to raise the money to build the casino.
Lubin and Preston also must satisfy Mississippi Gaming Commission demands that any casino built in the state must have 300 hotel rooms with a three-diamond or higher rating; at least a 50,000-square-foot casino floor; a fine-dining restaurant; and a non-gambling amenity meant to grow the casino market. Lubin and Preston say they can build a casino resort on about 10 acres in the harbor for $140 million. “Based on our experience,” Lubin said in an email, “we believe it is realistic.”
But the only casino built under current Gaming Commission requirements, the Scarlet Pearl in D’Iberville, cost $290 million. It has the minimum 300 hotel rooms, no parking garage, and a miniature golf course with a volcano as its amenity.
The Gulfport Harbor casino, Lubin said, would have a parking garage, four-star hotel, a 50,000-square-foot casino, entertainment venue and a non-gaming amenity as yet to be determined.
“Again, we are very early in the process and are considering various options,” he said.
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