Posts Tagged ‘hotel’

Officials vote for referendum on proposed lodging tax

HORN LAKE — Aldermen have approved a resolution confirming the Oct. 8 referendum date for a proposed hotel/motel tax levy designed to boost the city of Horn Lake’s tourism and economic development funds. The Commercial Appeal reports the board in August voted to hold a referendum on the proposed tax, which would place a $2 […] [...]

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 […] [...]

Voters say no to new tax for recreational development

GAUTIER — The Gautier recreation department will not be getting any improvements. At least not right now. The Sun Herald reports residents voted down a referendum Tuesday in a special election to levy a 2 percent tax on hotels, motels and prepared food and beverages. The referendum received only 54 percent of vote. It needed […] [...]

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 […] [...]

Residents to vote on lodging tax in October

HORN LAKE — Horn Lake aldermen have set an Oct. 8 referendum for a proposed tax on hotel and motel stays that could generate thousands of dollars for the city. Voters will be asked to approve a tax of $2 per night, and 60 percent of voters must approve. The Commercial Appeal reports the referendum, […] [...]

City wants lodging tax; money collected in error placed in escrow

HORN LAKE — Horn Lake hopes to get the ball rolling soon on a referendum for a hotel-motel tax that could generate thousands of dollars in revenue without taxing residents. The referendum is the latest chapter in the troubled history of the city’s hotel-motel tax, which dates back to 2002. State legislators approved a four-year […] [...]

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 […] [...]

Recreation group lobbying for new hospitality tax

GAUTIER — Members of the Gautier Recreation Advisory Committee are out promoting the 2 percent tax levy on the Aug. 27 ballot. The committee chairman, Larry Dailey, tells The Sun Herald the levy will be imposed on prepared food, adult beverages and hotels and motels, and by law, 100 percent of the tax money generated […] [...]

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