Posts Tagged ‘casino’

Board authorizes sale of company that owns Silver Slipper Casino

BAY ST. LOUIS — The board of directors of Full House Resorts Inc., which owns the Silver Slipper Casino in Bay St. Louis, has authorized management to initiate a process for the sale of the company. After its evaluation of strategic alternatives, the Las Vegas-based company said the board determined that pursuing a sale of […] [...]

State’s casinos saw another fall in revenue in August

ACROSS MISSISSIPPI — Mississippi casino revenue fell in August, with performance continuing to diverge between coastal and river regions. State Department of Revenue figures show casinos statewide won $175 million from gamblers in August, down 2 percent from $179 million in August 2013. The 12 coastal casinos won $94.1 million, up 5 percent from August […] [...]

Margaritaville owner files for bankruptcy before landlord hearing

BILOXI — The owner of Biloxi’s Margaritaville casino filed for Chapter 11 bankruptcy protection yesterday, only hours before a hearing where the landlord aimed to seize the property. The filing by MVB Holding LLC in U.S. Bankruptcy Court in Gulfport follows the casino’s shutdown on Monday night. Don Dornan, a lawyer for landlord Clay Point, […] [...]

City trying to determine who has authority to spend gaming money

NATCHEZ — It is not clear which group in Natchez will have final say over how to spend $250,000 in annual payments a casino makes to the city. It could be the elected aldermen. Or, it could be a new seven-member group that aldermen created this week, the Community Development Board. Mayor Butch Brown serves […] [...]

Isle of Capri reports decreased in-state revenues; experiencing ‘market pressures’

AROUND MISSISSIPPI — Isle of Capri Casinos Inc. has released financial results for the first quarter of fiscal year 2015. Company-wide, net revenue for the quarter was $241.6 million, compared to $238.0 million in the prior year quarter, and consolidated adjusted EBITDA was $43.7 million, compared to $41.9 million in the same quarter of the […] [...]

Trop Greenville ahead of schedule on significant expansion

GREENVILLE — Tropicana Entertainment Inc. is ahead of schedule to complete construction of its multi-million dollar expansion at its Trop Greenville property. The expansion is expected to Oct. 10. The development will introduce new table games and 300 more slot machines as well as Max & Erma’s, a full-service casual dining restaurant chain that will […] [...]

Diamondhead Casino Corporation wins site approval

DIAMONDHEAD — A 400-acre tract of land near the Bay of St. Louis just off of Interstate 10 near Diamondhead has been approved as a location for a casino. The Mississippi Gaming Commission gave site approval to Diamondhead Casino Corporation. The next time the casino will go before regulators is when financing is in place […] [...]

Wasted away — Margaritaville in Biloxi to close by Sept. 19

Just a little more than two years after it opened, Margaritaville Casino in Biloxi will close its doors on or before, Sept. 19, the casino said today in a memo to its employees. “MVB Holding, LLC has been actively working to resolve a dispute with its landlords to secure financing to build a hotel and […] [...]

Scarlet Pearl Casino construction officially underway

D’IBERVILLE — D’Iberville Mayor Quave says the tax revenues generated from a casino will allow the city to give raises to police, fire and city employees, as well as pay for much-needed sewer and drainage projects. Officials broke ground yesterday for the $250 million Scarlet Pearl Casino. The Scarlet Pearl is set to open on […] [...]

Waveland opens door for future casinos

WAVELAND — The city of Waveland has amended its charter to remove a prohibition on casinos. Not that any are planned. “We’re not misleading anybody. We’re not in any negotiations with any casinos,” said Mayor David Garcia. “We just didn’t want it in there. We wanted to remove it as an economic development engine. “Whereas, […] [...]

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