Posts Tagged ‘casino’

Mississippi’s casino revenues hit their lowest yearly mark since 1997

by Published: January 31,2014

Tags: Business, casino, gaming, Gulf Coast, Mississippi

The gaming industry in Mississippi has hit a 26-year low, and the Tunica market may be less than two years from drastic changes if the spiral doesn’t stop in the next 18-24 months. Numbers released last week by the Mississippi Gaming Commission indicate gross gaming revenue — the money casinos earn after payoffs are subtracted […] [...]

MBJ January 24th Digital Edition

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Gaming Commission to decide fate of harbor casino

GULFPORT — The Mississippi Gaming Commission is scheduled to meet in Gulfport on Dec. 30 to decide whether developers can build a casino at the Gulfport harbor. The commission will meet at city hall. Rotate Black is the group proposing a $112-million casino resort on private property next to Jones Park. The Sun Herald reports […] [...]

Unfinished Margaritaville casino to be razed

BILOXI — An unfinished casino on the beach at Biloxi is coming down, Jonathan Jones, general manager of Grand Biloxi Casino, told the Biloxi City Council this week that the framework of what was going to be a $700 million Margaritaville resort will be demolished immediately. The Sun Herald reports that Jones said the company […] [...]

Hard Rock Casino sells to Rhode Island company for $250M

BILOXI — A company from Rhode Island is buying the Hard Rock Hotel & Casino Biloxi for about $250 million. Twin River Worldwide Holdings of Lincoln, R.I., made the announcement yesterday. The sale is expected to be complete in June. The casino is currently owned by Premier Entertainment Biloxi LLC, a subsidiary of Leucadia National […] [...]

Gaming Commission gives nod to Coast city’s first casino

D’IBERVILLE — The Mississippi Gaming Commission started the Scarlet Pearl Casino Resort on a path that could have D’Iberville’s first casino open by mid-2015. Jay McDaniel, deputy director of the commission, tells The Sun Herald that construction on the casino is expected to begin early next year on the Back Bay east of Interstate 110. […] [...]

Company agrees to pay outstanding gas bill of former casino

VICKSBURG — Bally Technologies Inc. and the city of Vicksburg have agreed on a payment for the almost five years the city under-billed the former Rainbow Casino for natural gas service from 2005 to 2010. The Vicksburg Post reports Bally will pay the city $175,000, about 46 percent less than the $378,234 the city said […] [...]

Lawsuit filed to halt rezoning for proposed Coast casino

BILOXI — A Harrison County judge has been asked to stop the rezoning of 19 acres west of Interstate 110 to waterfront in Biloxi to make way for a new casino. The lawsuit was filed last week by neighbors and the Gulf Islands Conservancy opposed the Biloxi City Council’s decision to rezone the property to […] [...]

Casino developers given more time to sign lease, make payment

D’IBERVILLE — The developers of the proposed Oyster Bay Casino have gotten a reprieve from the D’Iberville City Council. WLOX-TV reports that council members voted unanimously yesterday to give the Pivotal Group five days to sign a new lease agreement with the city. The group must also make a $25,000 payment. Officials with the development […] [...]

State’s casinos see another month of falling revenue

ACROSS MISSISSIPPI — Mississippi casinos won less money from gamblers in September for the 13th month out of 15, as casinos along the Mississippi River continued to lag badly. Mississippi Department of Revenue figures show statewide casino revenue fell 4.4 percent from September 2012 to $170.2 million. The 12 coastal casinos won $88 million from […] [...]

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