Posts Tagged ‘casinos’

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 […] [...]

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

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

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 […] [...]

Isle of Capri selling Coast casino for $45M to Golden Nugget

BILOXI — Isle of Capri Casinos,Inc. has entered into a definitive purchase agreement with Golden Nugget Biloxi Inc., a wholly owned subsidiary of Landry’s Inc., to sell its Isle Casino Hotel in Biloxi. Under the terms of the agreement, Golden Nugget Biloxi has agreed to pay Isle of Capri Casinos approximately $45 million. The transaction […] [...]

Pearl River Resort lands debt refinancing via Trustmark agreement

CHOCTAW — The Mississippi Band of Choctaw Indians has signed a debt refinancing agreement for the Pearl River Resort in Neshoba County and the Bok Homa Casino in Jones County. The new loan is for $78 million at a 6 percent variable rate for five years. The agreement was signed yesterday by Chief Phyliss J. […] [...]

Offshore regulations to go into effect; environmentalists vow to fight

GULF OF MEXICO — Regulations governing offshore seismic surveying and offshore mineral leasing are expected to go into effect in mid-March. The Mississippi Press reports the final draft of the rules has been sent to Secretary of State Delbert Hosemann’s office, where it must sit for 30 days before becoming active. Coastal leaders continue to […] [...]

AAA awards four diamonds to 11 hotels and restaurants

ACROSS MISSISSIPPI — Six lodgings and five restaurants currently hold Four Diamond Award status statewide from AAA, according to AAA Mississippi. AAA-approved lodgings and restaurants are assigned a rating of one to five diamonds. Lodgings and restaurants in Mississippi receiving the 2012 AAA Four Diamond Rating include: Beau Rivage Resort and Casino, Hard Rock Hotel […] [...]

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