Posts Tagged ‘bankruptcy’

After much delay, new MDOT headquarters nearing completion

by Associated Press Published: February 22,2013

Tags: bankrupt, bankruptcy, build, builder, building, construction, contractor, state agency, transportation

TUPELO — The long-awaited opening of the Mississippi Department of Transportation’s District 1 headquarters is on track for June. MDOT project engineer Matt Dunn tells the Northeast Mississippi Daily Journal the exterior work is done, but there’s still work left to do on the inside. The $5.1-million, 34,000-square-foot facility was scheduled to be finished last […] [...]

Tribe decides against buying bankrupt casinos

VICKSBURG — An Oklahoma Indian tribe is no longer planning to spend $125 million to buy the bankrupt DiamondJacks casinos in Bossier City, La., and Vicksburg from Legends Gaming. Global Gaming Solutions, a unit of the Chickasaw Nation of Oklahoma, wrote in court papers filed Jan. 25 that the DiamondJacks operations had run further downhill […] [...]

Former casino in disrepair while bankruptcy case continues

VICKSBURG — More than nine months after the Grand Station Casino closed amid bankruptcy, the property near Vicksburg’s City Front is in disrepair as several issues are settled in court. In October, U.S. Bankruptcy Judge Neil P. Olack awarded the casino to M Street Inc. after it bid $400,000 for the 36,000-square-foot facility in a […] [...]

Bankrupt Missouri company sells local TV station

by Associated Press Published: January 21,2013

Tags: acquire, acquisition, bankrupt, bankruptcy, broke, court, media, medium, purchase, sale, sell, station, television, TV

JACKSON — St. Louis, Mo.-based Roberts Cos. is selling a TV station in Mississippi, one of many assets the financially troubled company has on the market. The St. Louis Post-Dispatch reports a bankruptcy judge approved the sale of WRBJ in Jackson to Trinity Broadcasting Network, a nonprofit religious corporation. Roberts Cos. is led by St. […] [...]

New bankruptcy judge to take oath next week

by Associated Press Published: January 7,2013

Tags: bankrupt, bankruptcy, bench, curt, judge, judicial, judiciary, justice, law, legasl, oath, swear

ABERDEEN — A new bankruptcy judge for northern Mississippi will be sworn in Jan. 18. Jason Woodard, a 37-year-old lawyer from Birmingham, Ala., will be sworn in to replace David Houston III, the Northeast Mississippi Daily Journal reports. Houston had been the only federal bankruptcy judge in the Northern District since the bankruptcy court was […] [...]

Hostess’ shutdown leaves schools looking for bread

by Associated Press Published: November 27,2012

Tags: bankruptcy, bread, cafeteria, education, educator, food, foodservice, nutrition, public school, school, school district, student

ACROSS MISSISSIPPI — Dozens of Mississippi school districts are looking for a new supplier for bread and rolls as the shutdown of Hostess impacts lunchrooms. The Mississippi Department of Education tells The Clarion-Ledger six out of seven regions of the state are affected by the shutting down of Hostess Brands foods. Department spokeswoman Patrice Guilfoyle […] [...]

Commissioners give nod to co-op’s purchase of power plant

BATESVILLE and HATTIESBURG — The Mississippi Public Service Commission has approved the $286-million sale of bankrupt LSP Energy to South Mississippi Electric Power Association. Commissioners voted 3-0 yesterday to give Hattiesburg-based SMEPA the right to operate the natural gas-fired power station in Batesville. The order also gives SMEPA the right to acquire any rights of […] [...]

Chickasaws moving forward on buy of riverboat casino

Vicksburg — An Oklahoma Indian tribe is moving forward with buying the DiamondJacks casinos in Bossier City, La., and Vicksburg. A bankruptcy auction did not occur after Global Gaming Solutions was the only bidder to qualify. The unit of the Chickasaw Nation of Oklahoma plans to pay $27.5 million in cash and $97.5 million in […] [...]

Owners of bankrupt casino ordered to find buyer

by MBJ Staff Published: August 8,2012

Tags: acquisitiomn, bankrupt, bankruptcy, buy, buyer, casino, courts, gambling, gaming, judge, judicial, judiciary, sale, sell

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 […] [...]

Owners of DiamondJacks Casino bankrupt; selling to Chickasaws

VICKSBURG — The owner of casinos in Vicksburg and Bossier City, La., has filed for bankruptcy and plans to sell its casinos to an Oklahoma Indian tribe. Legends Gaming filed for Chapter 11 bankruptcy reorganization in Shreveport, La. The company says it will sell its DiamondJacks casinos to Global Gaming Solutions for about $27.5 million, […] [...]

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