City officials want review of casino developer

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Published: December 16,2010

Tags: casinos, city government, gaming, hospitality

NATCHEZ — The Natchez Board of Aldermen will seek an independent review of developers who proposed a new casino in the city.

Alderman Dan Dillard says the developers’ failure to submit information to be on the state Gaming Commission’s December agenda is a sign that the board needs to proceed on its own.

Dillard says he suspects developers are not prepared to finance the project. The initial design of the Roth Hill Casino was a 40,000-square-foot facility. The project was later scaled back.

The Natchez Democrat reports developers include Natchez Enterprises, Premier Gaming, or The Lane Company, the original managing company with whom the city voted to enter into business.

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2 Responses to “City officials want review of casino developer”

  1. Rwolf Says:

    Many lenders might be reluctant to finance a casino in this economy. Many casinos might already be foreclosed if finance by FDIC insured loans instead of junk bonds where bondholders may accept lower paid interest or forgo payments to keep a casino’s doors open. Casino Lenders should consider Senator Harry Reids support for legalized national Internet Poker gambling that may pass e.g., that could put many Nevada casino/hotel employees out of work if passed by Congress. Every home in Mississippi with a computer has the potential of becoming a 24/7 computer; why spend the money to drive to and stay at or near a casino overnight-when those travel expense can be bet on your home computer?

  2. City officials want review of casino developer | Online Casino Gambler Blog Says:

    [...] Read more on Mississippi Business Journal [...]

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