Posts Tagged ‘casinos’

Alderman wants referendum on bringing in gaming

LONG BEACH — Long Beach alderman Leonard Carrubba has suggested putting a nonbinding casino referendum on the November ballot. Carrubba tells WLOX-TV he wants to know if Long Beach voters are for or against a casino in their city. Long Beach voters have turned down gaming before — during two countywide votes. They rejected a […] [...]

Councilmen vote to lease land for proposed Oyster Bay Casino

D’IBERVILLE — The city of D’Iberville will share in the profits of Oyster Bay Casino if the resort is built. The city council yesterday agreed to lease the waterfront land on the Back Bay near the Jackson County line. City Manager Michael Janus told The Sun Herald the city’s parcel is needed to make the […] [...]

Creditor looking to buy bankrupt Grand Soleil, casino property

NATCHEZ — Bankruptcy court filings show that a creditor is buying the Grand Soleil Hotel and proposed casino property for about $5.6 million. The Natchez Democrat reports RJB Financing, LLC will pay with about $4.1 million cash and a $1.5 million letter of credit. In May 2011, businesses reportedly owed a total of $1.6 million […] [...]

Unable to reach deal with Bally, Grand Station Casino closes

VICKSBURG — Grand Station Casino has closed in Vicksburg, affecting 230 employees. The Vicksburg Post reports casino officials began escorting employees from the casino about 11 a.m. yesterday and security guards turned prospective gamblers away. Vicksburg Mayor Paul Winfield says the city would work with companies interested in acquiring the casino. The action came after […] [...]

Casino’s foreclosure sale postponed; Bally agrees to discuss unpaid debt

by Associated Press Published: March 27,2012

Tags: acquisitions, casinos, condominium, debt, developer, foreclosure, gambling, gaming, mergers, tourism, tourists, visitors

VICKSBURG — Bally Gaming Inc. and the owners of Vicksburg’s Grand Station Casino have agreed to discuss unpaid $3 million debt. Vicksburg City Attorney Lee Thames tells the Vicksburg Post the foreclosure sale of the Grand Station Casino scheduled for yesterday has been postponed indefinitely. The casino was expected to be sold to settle all […] [...]

State’s casinos brought in more winnings in February

ACROSS MISSISSIPPI — February winnings for Mississippi’s casinos rose 2.6 percent from a year ago, only the second time in the last year that revenues have improved at the state’s 30 gambling halls. The month was aided by the leap year’s extra day, as well as Mardi Gras occurring in the month. In 2011, Mardi […] [...]

New Orleans developer looking to buy Grand Station Hotel

by Associated Press Published: March 19,2012

Tags: acquisition, casinos, developer, gambling, gaming, hospitality, hotles, lodging, purchase, tourism, tourists, visitors

VICKSBURG — A New Orleans developer says he has offered to buy the Grand Station Hotel. The Vicksburg Post reports Kenneth W. Bickford, president of Chappapeela Development Corp., said the Grand Station Hotel will be bought from M Street Inc., which owns the 117-room facility and holds the adjacent Grand Station Casino’s docking permits. The […] [...]

Developer’s attorney says new casino proceeding; won’t be CanCan

by Associated Press Published: March 15,2012

Tags: casinos, construction, Conventions, gambling, gaming, hospitality, hotels, lodging, meetings, restaurants, tourism, tourists, visitors

D’IBERVILLE — An attorney representing the developer say a new casino is ready to proceed in D’Iberville. The Sun Herald reports it will no longer be CanCan casino but it will be on the same site east of Interstate 110 on the Back Bay. Michael McCabe, an attorney representing developer Land Holdings I LLC, says […] [...]

City approves plans, financing for proposed CanCan Casino

D’IBERVILLE — The D’Iberville City Council has approved development plans for the CanCan Casino and up to $24 million in tax-increment financing bonds to help cover costs of the infrastructure. The Sun Herald reports Chris Gouras, the city’s public finance consultant, outlined the plan and explained how the TIF work yesterday. Gouras said phase one […] [...]

Golden Nugget plans $150M in renovations once Isle acquisition is finalized

BILOXI — The chairman of the Golden Nugget says his company plans to invest $150 million in renovations when the sale of Isle Casino Biloxi is finalized this summer. Tilman Fertitta tells The Sun Herald every square foot of the casino will be touched. Fertitta said the jobs of the 750 Isle employees are safe […] [...]

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