Posts Tagged ‘casino’

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, […] [...]

Majestic Star mulling alternatives to current debt structures

TUNICA — The Majestic Star Casino, LLC intends to consider alternative debt structures to refinance its existing first lien senior secured credit facility due Dec. 1, 2014, and second lien secured notes due Dec. 1, 2016. Proceeds from the refinancing will refinance commitments under the credit facility and the current principal balance on the notes. […] [...]

Officials to break ground on new D’Iberville casino next week

D’IBERVILLE — Land Holdings 1, LLC will host a groundbreaking for the Scarlet Pearl Casino Resort in D’Iberville next week. The Mississippi Gaming Commission recently approved construction of the Scarlet Pearl after Land Holdings I closed all of its necessary financing.  Construction will include the 60,000-square-foot gaming facility and a 300-room hotel. The groundbreaking will […] [...]

D’Iberville casino approved; Diamondhead site rejected

The Mississippi Gulf Coast is gaining one casino, but a second casino proposal was denied by the Mississippi Gaming Commission at its monthly meeting last week in Jackson. After receiving approval for its financing plan, Land Holdings 1 was given the okay to begin construction on the Scarlet Pearl casino, which will be located east […] [...]

Diamondhead Casino names new chairman/president

DIAMONDHEAD — Diamondhead Casino Corporation (DHCC), which has been trying to build a casino resort on its 404-acre property in Diamondhead for more than a decade, has appointed Ted Arneault, formerly chairman, president and CEO of MTR Gaming Group Inc., as chairman of the board of the company and president and CEO of Casino World […] [...]

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