Home » NEWS » Gaming (page 4)

Gaming

Los Angeles group buys Bossier City casino after bankruptcy

BOSSIER CITY, La. — A Los Angeles investment group is buying DiamondJacks Casino in Bossier City. Peninsula Pacific announced the purchase Wednesday, disclosing no price. The casino had been owned by creditors since emerging from bankruptcy in 2013. Faced with recovering little of the $300 million owed if they liquidated Louisiana and Mississippi casinos, creditors kept running them. Peninsula Pacific’s ...

Read More »

Gulfport City Council strikes harbor casino deal

The Gulfport City Council has unanimously approved a 60-year lease for a harbor casino that would be developed by partners who run a casino and hotel in Natchez. The Sun Herald reports one of the partners, Virginia attorney Robert Lubin, also has extended a contract with a private owner to buy the rundown Markham Building downtown by June 30. His ...

Read More »

March Mississippi casino revenue dips as coast gambling lags

Dipping Gulf Coast casino revenue dragged down Mississippi’s statewide gambling totals in March. Figures released last week by the state Revenue Department show casinos won $188 million in March, down 5 percent from $198 million in March 2015. Gamblers lost $103 million at the 12 coastal casinos, 4 percent less than last March. It’s only the third decline for coastal ...

Read More »

Casino properties add amenities to stay competitive in tourism industry

By LISA MONTI In its latest annual report on the state’s casino industry, officials with the Mississippi Gaming and Hospitality Association acknowledged the good and the bad for state casinos during 2015. The industry “drives tens of millions of visitors to our state each year, generating hundreds of millions of dollars in tax revenue for our state, employs thousands of great ...

Read More »

Gulf Coast casinos power Mississippi’s February revenue gain

Booming Gulf Coast casino revenues continue to buoy Mississippi’s statewide totals. Figures from the state Revenue Department show casinos won $190 million in February, up 5 percent from $181 million in February 2015. Gamblers lost $105 million at the 12 coastal casinos, 10 percent more than last February. Strong performance has continued through December’s opening of D’Iberville’s Scarlet Pearl casino. ...

Read More »

Name, brand, upgrades at Vicksburg casino

Foundation Gaming Group, LLC has announced that it will rebrand its recently acquired DiamondJacks Casino and Hotel in Vicksburg as WaterView Casino and Hotel. The new brand pulls from the property’s location along the bend of the Mississippi River. The changes being made to the property to reflect the WaterView brand are planned to include: Updating the property with a ...

Read More »

Proposed Waveland annexation would include Silver Slipper

WAVELAND — The city of Waveland will file a petition in Hancock County Chancery Court seeking to annex parts of Clermont Harbor and Lakeshore, including the properties where the Silver Slipper Casino and Bayou Caddy Fishery are located. The petition will be filed Wednesday. Earlier this month, the Waveland Board of Aldermen voted to amend a city ordinance, which defines the ...

Read More »

January revenue up by 15 percent for Gulf casinos

BILOXI — January revenue of $100.5 million for Mississippi’s 12 Gulf Coast casinos is $13 million higher than the $87.3 million posted in January of last year. That is a 15 percent increase. In a report on the latest figures in The Sun Herald, a local hospitality industry spokesman says the Scarlet Pearl, a new casino in D’Iberville, helped grow ...

Read More »

D’Iberville gets its first share of Scarlet Pearl revenue

D’IBERVILLE — After more than 20 years of waiting for a casino in the city, D’Iberville got its first payment from casino revenue. City officials told The Sun Herald Tuesday the Scarlet Pearl Casino opened Dec. 9 and its first month’s gross casino revenue was $8.4 million. The local tax is 3.2 percent, or $270,000. Sharron Perkins, the city’s comptroller, ...

Read More »

Casino deal no sure bet for Gulfport Harbor

GULFPORT — The latest casino plan for the Biloxi’s harbor is far from a done deal. The Sun Herald reports the developers — Virginia attorney Robert Lubin and Kentucky casino-company owner Kevin Preston — still have to raise the money to build the casino. Lubin and Preston also must satisfy Mississippi Gaming Commission demands that any casino built in the state ...

Read More »