Posts Tagged ‘casino’

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 […] [...]

Developers of a 2nd Coast casino miss financing deadline

MISSISSIPPI GULF COAST — Developers of two proposed casinos for the Mississippi Gulf Coast have missed deadlines to secure financing to build their projects. Tuesday, Rotate Black, which has a site approval at the Gulfport Harbor to build the $112 million Hemingway Casino failed to meet the 5 p.m. deadline. Monday, developers for the Scarlet […] [...]

Coast casinos’ revenues up, but riverboats continue to struggle

ACROSS MISSISSIPPI — Mississippi Gulf Coast casinos won a bit more from gamblers in February but that increase couldn’t overcome bigger revenue declines at casinos along the Mississippi River. Mississippi Department of Revenue figures show statewide casino revenue to $182 million in February, down fell 3 percent from 2013′s second month. Revenue has fallen in […] [...]

Project manager proposes green space for ex-casino site

BILOXI — Land south of U.S. Highway 90 where Harrah’s Entertainment planned to build the original Margaritaville Casino would become green space under a proposal presented this week to Biloxi officials. Jason Wald, a project manager with Yates Construction, met this week with members of the city’s development review committee. Wald said Harrah’s officials want […] [...]

Boyd Gaming reports drop in in-state net revenue

LAS VEGAS — Boyd Gaming Corporation reports fourth-quarter 2013 net revenues of $681.5 million, up 9.1 percent from $624.7 million during the same quarter in 2012. Total Adjusted EBITDAwas $131.5 million, an increase of 30.4 percent from $100.9 million in the year-ago quarter. Results reflect the addition of the operations of Peninsula Gaming, LLC, which […] [...]

Isle of Capri records loss; says state properties face ‘pressure’

ST. LOUIS — Isle of Capri Casinos Inc. has reported financial results for the third quarter of fiscal year 2014 ended Jan. 26. Diluted income (loss) per share from continuing operations for the quarter was $0.24 compared to ($0.06) for the third quarter last year. Income from continuing operations was impacted by the reversal of […] [...]

Gaming company shuffles leadership at three casinos

AROUND MISSISSIPPI — Penn National Gaming Inc. has made leadership changes at its three Mississippi properties. Effective next month, Steve Lambert, acting general manager of Hollywood Casino Perryville (now owned and operated by Gaming & Leisure Properties Inc.) since July 2013, has been named general manager of Hollywood Casino Tunica. In addition, under a change […] [...]

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