Mississippi Business Journal » casino

Defunct casino to be moved; cost could rise depending on ‘crud’

Associated Press — Wed, 15 May 2013 11:28:20 +0000

VICKSBURG — By late August, Vicksburg’s downtown City Front will be without a floating casino for the first time since 1993 if the winning bidder at an auction April 25 for the former Grand Station Casino follows through on a bankruptcy court-ordered sale of the vessel. What happens to the spot beyond late summer is [...]

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Casinos on the watch for thieves, cheats and scams

Lisa Monti — Fri, 10 May 2013 20:13:14 +0000

BILOXI, Mississippi – The side of a casino operation familiar to most people is the one that aims to keep customers playing, entertained and well fed. On the other, less visible side is a full out effort to protect the casino’s bottom line by catching cheaters and fighting against fraud. Panelists at the Southern Gaming [...]

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Caesars’ CEO addresses casino concerns at Biloxi summit

Frank Brown — Wed, 08 May 2013 19:06:02 +0000

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 [...]

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Casino survey reveals national, Mississippi data

Frank Brown — Mon, 06 May 2013 18:50:34 +0000

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 — [...]

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Stockholders approve sale of casino for $869M

Associated Press — Thu, 02 May 2013 12:00:38 +0000

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 [...]

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Gaming officials concerned over falling Tunica casino revenues

Frank Brown — Fri, 26 Apr 2013 16:32:53 +0000

When Gov. Phil Bryant signed a bill recently creating the Mississippi Gulf Coast Regional Convention and Visitors Bureau, John Hairston saw the occasion as more than a tourism bill for three coast counties. For the chairman of the Mississippi Gaming Commission, it is both a step in reviving the Tunica County casino and a pre-emptive [...]

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Developers of proposed new casino miss deadline

Associated Press — Tue, 23 Apr 2013 11:28:57 +0000

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 [...]

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Officials readying to cut ribbon on hospitality training center

Associated Press — Tue, 09 Apr 2013 11:49:41 +0000

GULFPORT — After a decade of planning, Mississippi Gulf Coast Community College officials will cut the ribbon Friday on the nearly 51,000-square-foot Hospitality and Resort Management Center. MGCCC president Mary Graham tells The Sun Herald the state-of-the-art facility will provide a hands-on learning environment for students. The community college plans to work with Coast hospitality [...]

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Trustee to auction off closed casino, some inventory

Associated Press — Tue, 09 Apr 2013 11:28:56 +0000

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. [...]

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One casino adding revenue while the other spruces up

Associated Press — Mon, 08 Apr 2013 11:58:35 +0000

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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