Posts Tagged ‘gambling’

Isle of Capri reports decreased in-state revenues; experiencing ‘market pressures’

AROUND MISSISSIPPI — Isle of Capri Casinos Inc. has released financial results for the first quarter of fiscal year 2015. Company-wide, net revenue for the quarter was $241.6 million, compared to $238.0 million in the prior year quarter, and consolidated adjusted EBITDA was $43.7 million, compared to $41.9 million in the same quarter of the […] [...]

Trop Greenville ahead of schedule on significant expansion

GREENVILLE — Tropicana Entertainment Inc. is ahead of schedule to complete construction of its multi-million dollar expansion at its Trop Greenville property. The expansion is expected to Oct. 10. The development will introduce new table games and 300 more slot machines as well as Max & Erma’s, a full-service casual dining restaurant chain that will […] [...]

Diamondhead Casino Corporation wins site approval

DIAMONDHEAD — A 400-acre tract of land near the Bay of St. Louis just off of Interstate 10 near Diamondhead has been approved as a location for a casino. The Mississippi Gaming Commission gave site approval to Diamondhead Casino Corporation. The next time the casino will go before regulators is when financing is in place […] [...]

FELONS NEED NOT APPLY — Two schools in state offer training for casino dealers

by Published: July 25,2014

Tags: Business, casinos, education, gambling, gaming, Mississippi

Are you thinking about becoming a dealer in one of Mississippi’s casinos? There are two licensed gaming schools in the state, with three locations, ready to teach you the games. Just one thing you need to know first: Felons need not apply. Before starting classes at Crescent City School of Gaming and Bartending in Gulfport […] [...]

Scarlet Pearl Casino construction officially underway

D’IBERVILLE — D’Iberville Mayor Quave says the tax revenues generated from a casino will allow the city to give raises to police, fire and city employees, as well as pay for much-needed sewer and drainage projects. Officials broke ground yesterday for the $250 million Scarlet Pearl Casino. The Scarlet Pearl is set to open on […] [...]

Majestic Star mulling alternatives to current debt structures

TUNICA — The Majestic Star Casino, LLC intends to consider alternative debt structures to refinance its existing first lien senior secured credit facility due Dec. 1, 2014, and second lien secured notes due Dec. 1, 2016. Proceeds from the refinancing will refinance commitments under the credit facility and the current principal balance on the notes. […] [...]

Officials to break ground on new D’Iberville casino next week

D’IBERVILLE — Land Holdings 1, LLC will host a groundbreaking for the Scarlet Pearl Casino Resort in D’Iberville next week. The Mississippi Gaming Commission recently approved construction of the Scarlet Pearl after Land Holdings I closed all of its necessary financing.  Construction will include the 60,000-square-foot gaming facility and a 300-room hotel. The groundbreaking will […] [...]

Voters view casinos more favorably, industry poll shows

by Published: June 13,2014

Tags: Business, gambling, gaming, Gulf Coast, Mississippi

In an attempt to find national political support for the gaming industry, the American Gaming Association Tuesday released highlights of a poll that it says shows voters view gaming more favorably than in previous years. According to the poll, more Americans embrace gaming, and more Americans believe casinos create jobs and strengthen local communities. It […] [...]

Are I-gaming, sports betting right for Mississippi?

by Published: May 16,2014

Tags: Business, gambling, gaming, Gulf Coast, Mississippi

BILOXI — With casinos revenues sliding, gaming officials and operators in Mississippi could be on the verge of making a sizeable gamble to protect the state’s interests. The state Legislature recently asked Allen Godfrey, executive director of the Gaming Commission to lead a task for looking into the viability of internet gaming and sports betting […] [...]

Attracting younger players may be casinos’ biggest challenge

by Published: May 16,2014

Tags: Business, gambling, gaming, Gulf Coast, Mississippi

BILOXI — Forbes says Tilman Fertitta is worth $2.4 billion. He became a wealthy businessman by making smart decisions, being opportunistic and having a business-is-business attitude. But even when the owner and CEO of Fertitta Entertainment walks into one of his three Golden Nugget casinos, one thing scares him — the changing landscape of the […] [...]

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