Posts Tagged ‘casinos’

Caesars pulls plug on construction of unfinished casino

BILOXI — Casino operator Caesars Entertainment Corp. says it won’t continue construction of the unfinished casino on the beach in Biloxi, Miss. The company took a $167.5 million non-cash impairment charge on the project, writing off the money spent on the casino before stopping work in 2008. Caesars spokesman Gary Thompson tells the Sun Herald […] [...]

Full House lands financing to purchase Silver Slipper Casino

BAY ST. LOUIS — Las Vegas, Nev.-based Full House Resorts reports it has obtained financing commitments for new credit facilities totaling $75 million to fund the company’s acquisition of the Silver Slipper Casino. The financing will consist of a $55 million first lien credit facility and a $20 million second lien facility. Capital One N.A. […] [...]

Committee members get plans for Isle-Biloxi renovations, expansion

BILOXI — The Biloxi Development Review Committee has received plans from Golden Nugget officials for a $150 million remodel and expansion of the Isle Casino Biloxi. Attorney Britt Singletary said yesterday the sale of the casino resort in East Biloxi could be completed in July. Singletary says the Isle won’t be rebranded the Golden Nugget […] [...]

Commission approves site for proposed Coast casino

D’IBERVILLE — The D’Iberville Planning Commission has approved the site plan and variances for a $370 million resort proposed by Land Holdings. The Sun Herald reports the city council will vote on the project at its May 1 meeting. About 50 people who live around the casino site east of Interstate 110 turned out to […] [...]

Mississippi casino revenues rise in March

JACKSON — March winnings at Mississippi’s casinos rose 3.9 percent for a year ago, the third time in the last four months that revenues have improved at the state’s 29 gambling halls. An improving economy appears to be bringing gamblers back, while coast casinos may have been boosted by the Final Four being held in […] [...]

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

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 […] [...]

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