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Tag Archives: Conventions

City approves plans, financing for proposed CanCan Casino

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 of the project on the ...

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Isle of Capri selling Coast casino for $45M to Golden Nugget

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 is subject to regulatory approval ...

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Pearl River Resort lands debt refinancing via Trustmark agreement

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. Anderson and officials with Trustmark ...

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Offshore regulations to go into effect; environmentalists vow to fight

GULF OF MEXICO — Regulations governing offshore seismic surveying and offshore mineral leasing are expected to go into effect in mid-March. The Mississippi Press reports the final draft of the rules has been sent to Secretary of State Delbert Hosemann’s office, where it must sit for 30 days before becoming active. Coastal leaders continue to debate how drilling might impact ...

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Bank to take over historic Monmouth in foreclosure proceedings

NATCHEZ — United Mississippi Bank was expected to assume ownership of historic Monmouth today in foreclosure proceedings. Warren Reuther, president of New Orleans Hotel Consultants, said his company has met with bank representatives about the possibility of managing Monmouth. Reuther said the bank intends to do everything they can to keep Monmouth open because of the vital role the property ...

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Coast tourism groups working on agreement for regional organization

MISSISSIPPI GULF COAST — Leaders of various tourism-related interests on the Mississippi Gulf Coast say they are making progress toward an agreement on a single regional tourism marketing organization. No formal agreement was reached during a meeting last Friday in Biloxi as tourism leaders considered various proposals to create a regional “Destination Marketing Organization” for three Gulf counties. But the ...

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AAA awards four diamonds to 11 hotels and restaurants

ACROSS MISSISSIPPI — Six lodgings and five restaurants currently hold Four Diamond Award status statewide from AAA, according to AAA Mississippi. AAA-approved lodgings and restaurants are assigned a rating of one to five diamonds. Lodgings and restaurants in Mississippi receiving the 2012 AAA Four Diamond Rating include: Beau Rivage Resort and Casino, Hard Rock Hotel and Casino, IP Casino Resort ...

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State's casinos get off to slow start in 2012

ACROSS MISSISSIPPI — Revenue figures show the new year got off to a slower-than-average start for Mississippi casinos. January’s $87.8 million revenue at the 11 coast casinos was down $10 million from a year ago, according to Mississippi Department of Revenue figures. The decline was about $3 million at the 19 riverside casinos, to $89.2 million. Revenue for January totaled ...

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Coast airport celebrates coming of Direct Air service

GULFPORT — Direct Air, a scheduled indirect air service base operating in Lakeland, Fla., and corporate headquarters located in Myrtle Beach, S.C., is introducing year-round air service between Linder Regional Airport in Lakeland and Gulfport-Biloxi Regional Airport. The nonstop 90-minute flight service will be offered three times per week, on Fridays, Sundays, and Wednesdays beginning June 15. Scheduled service did ...

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