by MBJ Staff Published: May 2,2012
Tags: acquisition, casinos, Conventions, credit, financing, gambling, gaming, hospitality, lodging, meetings, mergers, purchase, restaurants, tourism, tourists, visitors
BAY ST. LOUIS — Las Vegas, Nev.-based Full House Resorts reports it has obtained financing commitments for new credit facilities totaling $75 million to fund the company’s acquisition of the Silver Slipper Casino. The financing will consist of a $55 million first lien credit facility and a $20 million second lien facility. Capital One N.A. [...] [...]
by MBJ Staff Published: February 21,2012
Tags: Banks, borrowers, crdit union, credit, customers, dividends, financial, financial institutions, financing, patronage
RIDGELAND — The Southern AgCredit board of directors recently approved a patronage dividend for borrowers based on the financing cooperative’s solid 2011 earnings. Checks are being mailed to customers in mid-February. Southern AgCredit customers will receive a check for their portion of the $6.35 million cash patronage, plus a statement detailing their share of the [...] [...]
SANDERSVILLE — Although the Mississippi Band of Choctaw Indians said in May that profits from its casino had paid off its $18 million construction costs at its Bok Homa casino in Jones County, financial documents show that the tribe used a $10-million line of credit to help pay that cost. A campaign flier from Beasley [...] [...]
by Wally Northway Published: February 21,2011
Tags: credit
ATLANTA — CredAbility, one of the leading nonprofit credit counseling and education agencies in the United States, today released the CredAbility Consumer Distress Index results for the 2010 fourth quarter, and Mississippi posted the second-worst score. The Index, a quarterly measure that tracks the financial condition of the average U.S. household, found that rising stock [...] [...]
ATLANTA — Fitch Ratings has revised the rating outlooks of the parent company of Mississippi Power, Southern Company (Southern; Fitch Issuer Default Rating [IDR] of ‘A’), and its subsidiary, Georgia Power Company (GPC; IDR of ‘A’) to “stable” from “negative.” In addition, the ratings of both issuers are affirmed. Fitch said: “The revision of Southern’s [...] [...]
ACROSS MISSISSIPPI — CredAbility has released the CredAbility Consumer Distress Index results for the 2010 third quarter. And Mississippi consumers nearly top the index. The index, a quarterly measure that tracks the financial condition of the average U.S. household, found that the incremental improvements in consumer financial health in the first half of 2010 have [...] [...]
WASHINGTON – Consumer loan delinquencies generally improved in the second quarter of 2010, as bank card, home equity loans, and auto loans all showed improvement according to the American Bankers Association’s Consumer Credit Delinquency Bulletin. The results were not as broadbased as the previous two quarters and, as a result, the composite ratio, which tracks delinquencies [...] [...]
NEW YORK — Credit card company Discover Financial Inc. says third-quarter net income fell, but profits in the year-earlier period received a big boost from a lawsuit settlement. Net income was $258.2 million, or 47 cents per share. That compares with $552.9 million, or $1.07 per share, last year, which included a $287 million settlement [...] [...]
Columbia, Md. — The trend in data this past week was hardly encouraging, resulting in another chorus of pronouncements regarding an imminent return to recession. The housing market remains in the doldrums, GDP numbers were revised down in reaction to the worsening trade deficit numbers and there was a decline in the markets. In the [...] [...]
ATLANTA — CredAbility has released the CredAbility Consumer Distress Index results for the 2010 second quarter, and the news is not good for Mississippi. The index, a quarterly measure that tracks the financial condition of the average U.S. household, finds that high levels of unemployment and the strain of housing costs continue to keep consumers [...] [...]
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