Developers of proposed new casino miss deadline
by Associated Press
Published: April 23,2013
GULFPORT — A development company that had wanted to build a $112 million casino at the Gulfport Harbor but has been unable to obtain financing will have to return to the Mississippi Gaming Commission for new approval if it wants to go ahead with the project.
The Sun Herald reports a time limit on permission for the project expired last week.
If developer Rotate Black is able to obtain financing, the company will have to take its building and financial plans back before the commission, according to Allen Godfrey, executive director of the gaming commission.
The company could not be reached for comment yesterday.
The gaming commission approved the project in August 2012, contingent on Rotate Black delivering documents assuring it has the financial backing to build and operate the resort.
The company requested an extension of permission to proceed in January. The gaming commission granted the extension but set a deadline of April 17.
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