Posts Tagged ‘gamble’

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 […] [...]

Gaming expert: City could wait years for casino growth

NATCHEZ — Despite increased revenues since the city’s second casino opened in December, a Mississippi gambling expert says it could take several years for Natchez to see substantial growth to the local casino market. Former University of Southern Mississippi professor, researcher and author Dr. Denise Runge said she would, of course, not have expected local […] [...]

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. […] [...]

With tar balls still common, some question end of oil spill cleanup

GULF OF MEXICO — Finding tar balls linked to the BP oil spill isn’t difficult on some Gulf Coast beaches, but the company and the government say it isn’t common enough to keep sending out the crews that patrolled the sand for three years in Alabama, Florida and Mississippi. Tourist John Henson of Atlanta disagrees, […] [...]

Diamondhead exploring zoning change to allow for casino

DIAMONDHEAD — The Diamondhead Planning Commission will hold a meeting later this month to consider a zoning change to allow a casino at the site of the old Harbor House property. City manager Richard Rose tells The Sun Herald the meeting will be on June 26 at City Hall. The planning commission will hear from […] [...]

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