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Tag Archives: convention

Gaming expert: City could wait years for casino growth

NATCHEZ — Despite increased revenues since the city’s second casino opened in December, a Mississippi gambling expert says it could take several years for Natchez to see substantial growth to the local casino market. Former University of Southern Mississippi professor, researcher and author Dr. Denise Runge said she would, of course, not have expected local gambling revenues to instantaneously double ...

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Casino hotel construction playing beat the clock

BILOXI — The countdown is on and those driving by the new hotel construction on U.S. 90 are watching to see if the Hard Rock Hotel & Casino Biloxi can make its planned opening by New Year’s Eve. Todd Raziano, CFO at the casino, tells The Sun Herald Premier Entertainment Biloxi and Hard Rock International are investing $32.5 million for ...

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State's casinos finally see an increase in revenue over 2012

ACROSS MISSISSIPPI — Mississippi casino revenue rose in May, the first month in 2013 that state’s gross casino revenue was higher than in 2012. Revenue was up 3 percent statewide to $192.7 million in May, according to the report from the Mississippi Department of Revenue. South Mississippi’s 12 casinos won $95.1 million in May, up more than $4 million from ...

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Commission approves sale of Ameristar to Pinnacle

JACKSON — The Mississippi Gaming Commission has unanimously approved the Pinnacle Entertainment’s proposed acquisition of Ameristar Casinos. According to a release from Pinnacle, completion of the transaction remains subject to the receipt of additional required regulatory approvals and customary closing conditions. “Ameristar Casino Hotel Vicksburg is a terrific addition to our portfolio and nicely complements our existing operations in the ...

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South's oldest casino to reopen as Golden Nugget

BILOXI — Although its hotel is still in the middle of a $100 million makeover, the oldest casino in the South will reopen at 1 p.m. Friday with a new look as the Golden Nugget Casino Biloxi. Changes range from new windows and fewer walls to new carpet and new nametags, The Sun Herald reported. They are only the first ...

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Supervisors to talk about rising costs, dwindling budget

BILOXI — Mississippi supervisors gather on the Gulf Coast next week to talk about roads and bridges, economic development, water resources and other issues. The core issue is money. Counties, just like municipalities, are faced with dwindling tax bases and rising costs. Something has to be done without harm to the taxpayers, says Steve A. Davis, director of governmental affairs ...

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Research firm: CVB should not manage historic homes

OXFORD — The Cedar Oaks Mansion and L.Q.C. Lamar House Museum were once dilapidated buildings in danger of either being torn down or falling down on their own until concerned citizens got together to save the two homes from disrepair. The Cosmopolitan and Centennial clubs revived Cedar Oaks and the Oxford-Lafayette County Heritage Foundation bought and renovated the Lamar house. ...

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Downtown iconic hotel going on auction block

JACKSON — A May 22 online auction will determine the future of a downtown Jackson landmark. Auctioneer Benny Taylor tells the Mississippi Business Journal (http://bit.ly/113wahW) that several prospective bidders toured the eight-story Edison Walthall Hotel this past week. The hotel has been closed since early 2010 after burst water pipes extensively damaged the lower floors. Tax records put the appraised ...

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Stockholders approve sale of casino for $869M

VICKSBURG — The sale of Ameristar Casino will mark the second gambling house buyout in Vicksburg in less than a year. The stockholders of Las Vegas-based Ameristar Casinos Inc. last week approved the company’s planned acquisition by Pinnacle Entertainment. The all-cash transaction is estimated to be valued at $869 million. No change to Ameristar’s brand name was to accompany the ...

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Developers of proposed new casino miss deadline

GULFPORT — A development company that had wanted to build a $112 million casino at the Gulfport Harbor but has been unable to obtain financing will have to return to the Mississippi Gaming Commission for new approval if it wants to go ahead with the project. The Sun Herald reports a time limit on permission for the project expired last ...

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