Posts Tagged ‘casino’

Full House closes on financing, signs contracts for Silver Slipper hotel

HANCOCK COUNTY — Full House Resorts has closed on an amendment to its first lien credit agreement to provide for a $10-million loan from its first lien facility lenders, which will be used to fund a portion of the approximate $17.7-million construction of a 142-room hotel at the Silver Slipper Casino in Hancock County. Full […] [...]

Owners of blighted buildings given deadline to submit plan

BILOXI — The owners of two of Biloxi’s biggest eyesores — the unfinished casino and the senior citizens apartments downtown — have until Nov. 1 to tell the city what they plan to do with the buildings. On July 30, the city served papers to the Catholic Charities Housing Association for the building on U.S. […] [...]

Road project expected to spur casino development

BILOXI — The extension of Back Bay Boulevard won’t quite complete “the loop” around East Biloxi but it will be enough for casino developers to invest millions in the city. The Sun Herald reports city council members heard a proposal yesterday for using $5 million from the Mississippi Development Authority to complete Phase I of […] [...]

Silver Slipper to build 140-room hotel; expected to take a year to complete

BAY ST. LOUIS — Construction will begin soon on a $17.5 million, 140-room hotel at the Silver Slipper Casino, according to its parent company. The Sun Herald reports Full House Resorts received a commitment for a $10 million loan on Aug. 2 and will finance the remaining $7.5 million cost of construction with cash on […] [...]

Caesar’s drops lease; cleanup begins at former Casino Magic site

BILOXI — Caesars Entertainment has dropped its lease on the Casino Magic property in East Biloxi and crews are cleaning out the tower. The Sun Herald reports city officials say they are frustrated that nothing is being done to demolish the abandoned casino project next door. Jerry Creel, Biloxi’s community development director, told the city […] [...]

State’s casinos see 7 percent drop in revenue

ACROSS MISSISSIPPI — Mississippi casino revenue resumed its year-over-year slide in June after showing positive results in May. Statewide casino revenue fell nearly 7 percent from June 2012 to $174.5 million, according to Mississippi Department of revenue figures. The state’s gambling halls eked out a 1 percent gain in 2012, because revenue rebounded after most […] [...]

Casino hotel construction playing beat the clock

BILOXI — The countdown is on and those driving by the new hotel construction on U.S. 90 are watching to see if the Hard Rock Hotel & Casino Biloxi can make its planned opening by New Year’s Eve. Todd Raziano, CFO at the casino, tells The Sun Herald Premier Entertainment Biloxi and Hard Rock International […] [...]

State’s casinos finally see an increase in revenue over 2012

ACROSS MISSISSIPPI — Mississippi casino revenue rose in May, the first month in 2013 that state’s gross casino revenue was higher than in 2012. Revenue was up 3 percent statewide to $192.7 million in May, according to the report from the Mississippi Department of Revenue. South Mississippi’s 12 casinos won $95.1 million in May, up […] [...]

Commission approves sale of Ameristar to Pinnacle

JACKSON — The Mississippi Gaming Commission has unanimously approved the Pinnacle Entertainment’s proposed acquisition of Ameristar Casinos. According to a release from Pinnacle, completion of the transaction remains subject to the receipt of additional required regulatory approvals and customary closing conditions. “Ameristar Casino Hotel Vicksburg is a terrific addition to our portfolio and nicely complements […] [...]

South’s oldest casino to reopen as Golden Nugget

BILOXI — Although its hotel is still in the middle of a $100 million makeover, the oldest casino in the South will reopen at 1 p.m. Friday with a new look as the Golden Nugget Casino Biloxi. Changes range from new windows and fewer walls to new carpet and new nametags, The Sun Herald reported. […] [...]

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