Developers finally get nod from Gaming Commission
Published: August 16,2012
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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- Tragedy for Jackson Prep: Football player Walker Wilbanks dies
- McDaniel files legal arguments as he looks to overturn Cochran loss
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- UMMC reaching out after death of high school football player
- Fitch gives Mississippi Power a negative outlook due to Kemper plant
- UPDATED: Jackson agrees to repay HUD $1.5 million for Farish Street blunders
- Mississippi River mayors announce 'seed money' for waterfront developments
- Payday lender expects clean bill from regulators