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Tag Archives: casino

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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Winter weather put a damper on Silver Slipper, Full House casinos

Full House Resorts, the Las Vegas company that owns Silver Slipper Casino, announced quarterly results this morning and said it had a net loss of $1.1 million for the first quarter (January-March), compared to net income of $0.6 million for the prior first quarter. At its Silver Slipper Casino in Hancock County, the company said it recorded revenue of $12.3 ...

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Diamondhead Casino names new chairman/president

DIAMONDHEAD — Diamondhead Casino Corporation (DHCC), which has been trying to build a casino resort on its 404-acre property in Diamondhead for more than a decade, has appointed Ted Arneault, formerly chairman, president and CEO of MTR Gaming Group Inc., as chairman of the board of the company and president and CEO of Casino World Inc., a wholly owned subsidiary ...

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Developers of a 2nd Coast casino miss financing deadline

MISSISSIPPI GULF COAST — Developers of two proposed casinos for the Mississippi Gulf Coast have missed deadlines to secure financing to build their projects. Tuesday, Rotate Black, which has a site approval at the Gulfport Harbor to build the $112 million Hemingway Casino failed to meet the 5 p.m. deadline. Monday, developers for the Scarlet Pearl casino in D’Iberville missed ...

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