Owners of bankrupt casino ordered to find buyer
by MBJ Staff
Published: August 8,2012
VICKSBURG — By order of the U.S. Bankruptcy Court, Delta Development & Investments has retained Equity Partners CRB (EP) to find a buyer for its Grand Station Casino barge on the Yazoo River in Vicksburg.
According to EP, many gaming-related machines and tables would be included in the sale.
The court has ordered the accelerated sale of the assets, free and clear of all liabilities. According to sources within Delta Development & Investments, a sale will be scheduled on or about Sept. 30, 2012 (or sooner), subject to court approval, EP reports.
The casino was first opened in 1993, and was operated by Harrah’s. Current ownership acquired it in 2010. It ceased operations March 21 of this year. At one time, it employed as many as 230 workers.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Owners of bankrupt casino ordered to find buyer”
Top Posts & Pages
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- Bids on reworking Interstate 55 stretch are rejected
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Two new casinos like the odds on Mississippi Gulf Coast
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- The leadership styles of President Obama
- JACK WEATHERLY: Finding a house, defending a neighborhood, finding a voice
- Report ranks state schools' performance 51st in the nation
- Nehi Bottling Company has been a Cleveland fixture for 85 years