Posts Tagged ‘gaming’

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 […] [...]

Waveland opens door for future casinos

WAVELAND — The city of Waveland has amended its charter to remove a prohibition on casinos. Not that any are planned. “We’re not misleading anybody. We’re not in any negotiations with any casinos,” said Mayor David Garcia. “We just didn’t want it in there. We wanted to remove it as an economic development engine. “Whereas, […] [...]

Bookings for future conventions increasing

Coast casinos and tourism officials put a lot of energy and resources into attracting and playing host to conventions, which fill up hotel rooms and restaurants and help plump up the bottom line especially during the off season. Crystal Johnson, director of sales at the Mississippi Gulf Coast Regional Convention and Visitors Bureau, said convention […] [...]

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 […] [...]

Gaming world divided about Internet

BILOXI — One year ago, Internet gaming was about to make its big splash. New Jersey was on the forefront and some estimates put the potential revenue haul at $1.2 billion in the first year. Today, there is a shortage of players, a shortage of credit card companies participating and a lack of unity among […] [...]

Gaming summit may provide a splash in the face for industry leaders

by Published: May 2,2014

Tags: BILOXI, Business, gaming, Mississippi, summit

BILOXI — There’s few things more refreshing than a splash of cold Gulf of Mexico water in your face while visiting a Mississippi beach. Larry Gregory hopes participants in next week’s Southern Gaming Summit will leave Biloxi with that same sensation about casinos in Mississippi. Gregory is executive director of the Mississippi Gaming and Hospitality […] [...]

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