Home » NEWS » Gaming » Natchez officials hope casino can help with city’s cash woes

Natchez officials hope casino can help with city’s cash woes

Natchez city officials are asking Magnolia Bluffs Casino to pay one-quarter of its annual lease payment in advance so the city can pay employees and its bills on time.

The Natchez Democrat reports that Ward 1 Alderwoman Joyce Arceneaux-Mathis told the Natchez Board of Aldermen at a Tuesday meeting the city does not have enough cash to pay employees or the docket.

The board asked City Attorney Robert Latham to contact Magnolia Bluffs Casino President Kevin Preston to see if the casino can pay in advance the remaining $250,000 in lease funds owed to the city for this calendar year.

Without an advance payment from the casino, the city could be forced to take out a loan to cover a cash shortfall to for its payments.


… 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Your email address will not be published.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 *