Developers finally get nod from Gaming Commission
by Associated Press
Published: August 16,2012
Tags: approval, casino, commission, convention, entertainment, gambling, gaming, hospitality, hotel, lodging, meeting, nightlife, restaurant, state government, tourism, tourist, vacation
GULFPORT — Gulfport casino developers have finally made their casino big enough to win Mississippi Gaming Commission approval.
The commission voted 3-0 to approve Rotate Black MS to begin construction on what would be a $112 million project. It would overlook the city of Gulfport’s small craft harbor, and the city has been eager for the project to go ahead to gain more casino taxes.
Rotate Black officials say they expanded their hotel proposal from 100 rooms to 205 rooms. They’re promising a four-star hotel under a brand associated with the family of late author Ernest Hemingway.
The company has raised $21 million from investors while doing business as Gulfport Gaming, LLC and secured an $81 million loan from Brigade Capital.
The casino and hotel are projected to employ 650.
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