by Associated Press Published: April 2,2012
Tags: bankrupt, bankruptcy, casinos, Commercial Real Estate, gambling, gaming, hospitality, hotel, lodging, real estate, tourism, tourists, visitors
NATCHEZ — Bankruptcy court filings show that a creditor is buying the Grand Soleil Hotel and proposed casino property for about $5.6 million. The Natchez Democrat reports RJB Financing, LLC will pay with about $4.1 million cash and a $1.5 million letter of credit. In May 2011, businesses reportedly owed a total of $1.6 million [...] [...]
by Associated Press Published: March 29,2012
Tags: acquisition, casinos, Commercial Real Estate, condominium, developer, economic development, foreclosure, gambling, gaming, hospitality, hotel, marina, merger, municipal government, purchase, resort, tourism, tourists, visitors
VICKSBURG — Grand Station Casino has closed in Vicksburg, affecting 230 employees. The Vicksburg Post reports casino officials began escorting employees from the casino about 11 a.m. yesterday and security guards turned prospective gamblers away. Vicksburg Mayor Paul Winfield says the city would work with companies interested in acquiring the casino. The action came after [...] [...]
by Associated Press Published: March 27,2012
Tags: acquisitions, casinos, condominium, debt, developer, foreclosure, gambling, gaming, mergers, tourism, tourists, visitors
VICKSBURG — Bally Gaming Inc. and the owners of Vicksburg’s Grand Station Casino have agreed to discuss unpaid $3 million debt. Vicksburg City Attorney Lee Thames tells the Vicksburg Post the foreclosure sale of the Grand Station Casino scheduled for yesterday has been postponed indefinitely. The casino was expected to be sold to settle all [...] [...]
by Associated Press Published: March 22,2012
Tags: casinos, Conventions, gambling, gaming, hospitality, hotels, lodging, meetings, restaurants, revenues, tourism, tourists, vacations, visitors, winnings
ACROSS MISSISSIPPI — February winnings for Mississippi’s casinos rose 2.6 percent from a year ago, only the second time in the last year that revenues have improved at the state’s 30 gambling halls. The month was aided by the leap year’s extra day, as well as Mardi Gras occurring in the month. In 2011, Mardi [...] [...]
by Associated Press Published: March 19,2012
Tags: acquisition, casinos, developer, gambling, gaming, hospitality, hotles, lodging, purchase, tourism, tourists, visitors
VICKSBURG — A New Orleans developer says he has offered to buy the Grand Station Hotel. The Vicksburg Post reports Kenneth W. Bickford, president of Chappapeela Development Corp., said the Grand Station Hotel will be bought from M Street Inc., which owns the 117-room facility and holds the adjacent Grand Station Casino’s docking permits. The [...] [...]
by Associated Press Published: March 15,2012
Tags: casinos, construction, Conventions, gambling, gaming, hospitality, hotels, lodging, meetings, restaurants, tourism, tourists, visitors
D’IBERVILLE — An attorney representing the developer say a new casino is ready to proceed in D’Iberville. The Sun Herald reports it will no longer be CanCan casino but it will be on the same site east of Interstate 110 on the Back Bay. Michael McCabe, an attorney representing developer Land Holdings I LLC, says [...] [...]
by Associated Press Published: March 7,2012
Tags: casinos, Conventions, entertainment, financing, gambling, gaming, hospitality, hotels, lodging, meetings, municipal government, retaurants, tourism, tourists, visitors
D’IBERVILLE — The D’Iberville City Council has approved development plans for the CanCan Casino and up to $24 million in tax-increment financing bonds to help cover costs of the infrastructure. The Sun Herald reports Chris Gouras, the city’s public finance consultant, outlined the plan and explained how the TIF work yesterday. Gouras said phase one [...] [...]
by Associated Press Published: March 6,2012
Tags: acquisitions, casinos, Conventions, entertainment, gambling, gaming, hospitality, hotels, lodging, meetings, mergers, Renovations, restaurants, tourism, tourists, visitors
BILOXI — The chairman of the Golden Nugget says his company plans to invest $150 million in renovations when the sale of Isle Casino Biloxi is finalized this summer. Tilman Fertitta tells The Sun Herald every square foot of the casino will be touched. Fertitta said the jobs of the 750 Isle employees are safe [...] [...]
by Associated Press Published: March 5,2012
Tags: acquisitionas, casinos, Conventions, gambling, gaming, hospitality, hotels, lodging, meetings, mergers, restaurants, tourism, tourists, visitors
BILOXI — Isle of Capri Casinos,Inc. has entered into a definitive purchase agreement with Golden Nugget Biloxi Inc., a wholly owned subsidiary of Landry’s Inc., to sell its Isle Casino Hotel in Biloxi. Under the terms of the agreement, Golden Nugget Biloxi has agreed to pay Isle of Capri Casinos approximately $45 million. The transaction [...] [...]
by Associated Press Published: March 1,2012
Tags: banking, Banks, casinos, Conventions, debt, entertainment, finance, financial institution, gambling, gaming, hospitality, hotels, lodging, meetings, refinancing, resort, restaurants, tourism, tourists, visitors
CHOCTAW — The Mississippi Band of Choctaw Indians has signed a debt refinancing agreement for the Pearl River Resort in Neshoba County and the Bok Homa Casino in Jones County. The new loan is for $78 million at a 6 percent variable rate for five years. The agreement was signed yesterday by Chief Phyliss J. [...] [...]
Loading ...