Posts Tagged ‘casinos’

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 […] [...]

State’s casinos get off to slow start in 2012

by Associated Press Published: February 22,2012

Tags: casinos, Conventions, entertainment, gambling, gaming, hospitality, hotels, lodging, meetings, retaurants, revenues, tourism, tourists, visitors

ACROSS MISSISSIPPI — Revenue figures show the new year got off to a slower-than-average start for Mississippi casinos. January’s $87.8 million revenue at the 11 coast casinos was down $10 million from a year ago, according to Mississippi Department of Revenue figures. The decline was about $3 million at the 19 riverside casinos, to $89.2 […] [...]

Margaritaville closes on financing for Louisiana casino

BOSSIER CITY, La. — Bossier Casino Venture, LLC (d/b/a Margaritaville Resort Casino) has closed its project financing for the Margaritaville Resort Casino to be built in Bossier City, La. Construction on the $197 million casino and hotel resort is expected to commence immediately and extend for approximately 16 months, with a targeted opening date in […] [...]

Casinos voice concerns about offshore drilling leases

MISSISSIPPI GULF COAST — Mississippi casino operators say they trust state leaders that exploration and drilling would be low-key for natural gas and out of sight of most of the mainland. However, the operators say in a letter to the Mississippi Development Authority, that they don’t want tourist areas overrun by industrial equipment, boats and […] [...]

Casino developers to send lease agreement with city to commission

NATCHEZ — Roth Hill casino developers have been asked to send a copy of their finalized lease with the city of Natchez to the gaming commission because the recently proposed lease amendment ties the lease to the funding of the casino. The Mississippi Gaming Commission deputy director Eddie Williams tells The Natchez Democrat Natchez Gaming […] [...]

IP Casino lays off ‘dozens’ of workers in ‘right-sizing’

BILOXI — IP Casino has laid off employees at its Biloxi gambling house. General manager Jack Bernsmeier tells The Sun Herald the layoffs were modest and was “in the dozens.” Bernsmeier says the layoffs this week were across all departments. He says those workers can apply for jobs at 16 Boyd casinos in six states. […] [...]

Casinos won more money from gamblers in December

by Associated Press Published: January 24,2012

Tags: casinos, Conventions, gambling, gaming, hospitality, hotels, lodging, meetings, revenues, rstaurants, tourism, tourists, visitors, winnings

ACROSS MISSISSIPPI — Mississippi casinos won more money from gamblers in December, the only month in 2011 that gaming revenues were higher than in 2010. For the year, gamblers lost $2.24 billion in the state’s casinos, down 6.3 percent from 2010 and the lowest amount since 1998. The take at Gulf Coast casinos dropped only […] [...]

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