Posts Tagged ‘gambling’

Construction of new casino hotel tower celebrates milestone

BILOXI — The roof is now on and the topping-off ceremony was celebrated to mark that milestone for the new 12-story hotel tower at Hard Rock Casino Biloxi. Yesterday, a crane hoisted a pine tree to the hotel’s roof and a flag unfurled down the face of the building. A rainy summer delayed concrete pouring […] [...]

Casino proposes to move gaming inland in Port City

GREENVILLE — Trop Casino in Greenville has proposed moving its operations on Lake Ferguson onshore, locating a new restaurant to the waterfront and taking about half of Schelben Park from the city to add parking and create a family-oriented outdoor entertainment area. The Delta Democrat Times reports that the city council could consider the proposal […] [...]

City council to hold hearing concerning zoning for new casino

BILOXI — The Biloxi City Council will hold a public hearing on Oct. 1 on a zoning change for an area west of Interstate 10 on the Back Bay for a $220 million casino. The Sun Herald reports that developers told the council last night that new flood regulations make the 18-acre site unaffordable for […] [...]

Full House closes on financing, signs contracts for Silver Slipper hotel

HANCOCK COUNTY — Full House Resorts has closed on an amendment to its first lien credit agreement to provide for a $10-million loan from its first lien facility lenders, which will be used to fund a portion of the approximate $17.7-million construction of a 142-room hotel at the Silver Slipper Casino in Hancock County. Full […] [...]

Casino revenue down statewide, worst on Coast

ACROSS MISSISSIPPI — A sharp drop in coastal casino revenue contributed to a 6 percent drop in Mississippi gambling revenue in July. Mississippi Department of Revenue figures show statewide casino revenue fell 6 percent to $192.1 million. The 12 coastal casinos won $97 million from gamblers, down 8 percent from the $105.4 million they won […] [...]

Road project expected to spur casino development

BILOXI — The extension of Back Bay Boulevard won’t quite complete “the loop” around East Biloxi but it will be enough for casino developers to invest millions in the city. The Sun Herald reports city council members heard a proposal yesterday for using $5 million from the Mississippi Development Authority to complete Phase I of […] [...]

Casino planning $50M hotel tower renovation on Coast

GULFPORT — Island View Casino Resort is expanding with a planned $50 million investment to transform a hotel tower vacant since Hurricane Katrina into a 400-room hotel and convention center. The Sun Herald reported the tower on the south side of U.S. Highway 90 had been part of Grand Casino Gulfport before Katrina struck in […] [...]

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 […] [...]

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 […] [...]

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