Home » NEWS » Gaming » Casino deal no sure bet for Gulfport Harbor

Casino deal no sure bet for Gulfport Harbor

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.

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

About Associated Press

Leave a Reply

Your email address will not be published. Required fields are marked *

*