“The glory days are over, and we have to deal with that.” That’s how Larry Gregory of the Mississippi Casino Operators Association assessed the state of gaming in Mississippi during Wednesday’s Southern Gaming Summit in Biloxi. Mississippi’s casinos have been on a rough ride in recent years – both financially and physically – but Mississippi [...] [...]
With Mississippi gaming issues at the heart of his presentation, Gary Loveman, president and CEO of Caesars Entertainment, used his keynote address Wednesday at the Southern Gaming Summit in Biloxi to address problems – both current and in the future – of gaming in the United States. In his address – “Did Dinosaurs know they were [...] [...]
The U.S. commercial casino industry realized its second-largest year in gross gaming revenues ever in 2012, according to a economic impact study released today by the American Gaming Association. The annual State of the States: The AGA Survey of Casino Entertainment shows an industry that has now seen three consecutive years of escalating growth — [...] [...]
BRANDON — Mayor Butch Lee is proposing a 2 percent additional tax on food and beverage sales at Brandon restaurants to pay for a multi-field complex focused on baseball. He says the goals are to allow the city’s Shiloh Park to convert more to soccer and girls fast-pitch softball. He tells The Clarion-Ledger a sportsplex would [...] [...]
by Associated Press Published: May 5,2013
Tags: auction, bankrupt, bankruptcy, convention, hospitality, hotel, lodging, meeting, sale, sell
JACKSON — A May 22 online auction will determine the future of a downtown Jackson landmark. Auctioneer Benny Taylor tells the Mississippi Business Journal (http://bit.ly/113wahW) that several prospective bidders toured the eight-story Edison Walthall Hotel this past week. The hotel has been closed since early 2010 after burst water pipes extensively damaged the lower floors. [...] [...]
A Las Vegas firm this week became the first to launch legal online gaming in the United States, and it likely will have a major impact on casinos in Mississippi and nationwide. The move Tuesday by Ultimate Gaming to offer online poker – in Nevada only, for now – is the first since the federal [...] [...]
by Associated Press Published: May 2,2013
Tags: acquire, acquisitioon, buy, casino, convention, entertasinment, gamble, gambler, gambling, gaming, hospitality, hotel, lodging, meeting, nightlife, restaurant, sale, sell, tourism, tourist, visitor
VICKSBURG — The sale of Ameristar Casino will mark the second gambling house buyout in Vicksburg in less than a year. The stockholders of Las Vegas-based Ameristar Casinos Inc. last week approved the company’s planned acquisition by Pinnacle Entertainment. The all-cash transaction is estimated to be valued at $869 million. No change to Ameristar’s brand [...] [...]
by Associated Press Published: April 23,2013
Tags: casino, commission, convention, entertainment, gamble, gambler, gambling, gaming, hospital, hotel, ity, lodging, meeting, nightlife, restaurant, tourism, tourist, vacation, visitor
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 [...] [...]
by Associated Press Published: April 9,2013
Tags: auction, bankrupt, bankruptcy, casino, Commercial Real Estate, gamble, gambler, gaming, sale, sell, trustee
VICKSBURG — The trustee in the bankruptcy liquidation case of a closed Vicksburg casino boat will auction off the vessel and some its inventory on April 25. The Vicksburg Post reports a court hearing for creditors of the former Grand Station Casino will be heard again May 3. In March, U.S. Bankruptcy Judge Neil P. [...] [...]
by Associated Press Published: April 8,2013
Tags: banquet, casino, convention, entertainment, gamble, gambler, gambling, gaming, hospitality, meeting, night life, restaurant, revenue, tourism, tourist, vacation, visitor
NATCHEZ — Three months after Natchez’s second casino began play, gaming revenue is up in the city, but insiders warn it’s too early to bet on the increase holding or folding. Natchez gaming revenues for December, January and February increased over the same months last year. The Natchez Democrat reports figures from the Natchez City [...] [...]
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