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Tag Archives: casino

Wasted away — Margaritaville in Biloxi to close by Sept. 19

Just a little more than two years after it opened, Margaritaville Casino in Biloxi will close its doors on or before, Sept. 19, the casino said today in a memo to its employees. “MVB Holding, LLC has been actively working to resolve a dispute with its landlords to secure financing to build a hotel and other amenities that it believes ...

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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 New Year’s Eve 2015. It ...

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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, if Waveland is ever approached ...

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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. Majestic Star is a multi-jurisdictional ...

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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 be held July 15, beginning ...

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D’Iberville casino approved; Diamondhead site rejected

The Mississippi Gulf Coast is gaining one casino, but a second casino proposal was denied by the Mississippi Gaming Commission at its monthly meeting last week in Jackson. After receiving approval for its financing plan, Land Holdings 1 was given the okay to begin construction on the Scarlet Pearl casino, which will be located east of Interstate 110 on the ...

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MGM granted Massachusetts's first casino license

The Massachusetts Gaming Commission voted unanimously today to issue the state’s first casino operators license to MGM, which plans to build an $800 million casino, hotel, and entertainment and shopping complex in downtown Springfield. MGM also owns the Beau Rivage in Biloxi and the the Gold Strike in Tunica Resorts.   Now, concerned parties must wait for the state’s Supreme ...

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NY Times: Tunica's casino closing impacts more than gambling

Apparently, Mississippi’s successful venture into the casino industry 20 years ago was so outstanding that it ultimately led to the industry unraveling in the Tunica market — once the third-largest casino market in the country. “No one knew in 1993 or 1994 what it was going to be like, and then Mississippi showed the world that it could be a ...

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Poirier promoted to VP at Ameristar Vicksburg

Special to the MBJ VICKSBURG, Mississippi – Jaque Poirier has been named Vice President of Casino Operations at Ameristar Casino Hotel in Vicksburg, casino officials announced today in a news release. Poirier previously was director of casino 0perations at Ameristar in Blackhawk, Col., since 2006. In his new role, he will oversee operations in table games, slots and the poker ...

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Revenue figures show struggles of casinos, especially along river

The April revenue figures for the state’s casinos back up what the Mississippi Business Journal reported last week from the Southern Gaming Summit — Coast casinos are hanging on while riverboats continue to bleed. Mississippi Department of Revenue figures show casinos statewide won $164 million from gamblers in April, down 6 percent from April 2013. The 12 coastal casinos won ...

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