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: February 28,2012
Tags: banking, Banks, bed and breakfast, Commercial Real Estate, Conventions, finance, financial institutions, foreclosure, historic structures, history, hospitality, lodging, meetings, property, real estate, tourism, tourists, vacations, visitors
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 [...] [...]
by Ted Carter Published: February 26,2012
Tags: Attorney General Jim Hood, Democrat, foreclosure, Geoff Greenwood, GOP, Gov. Phil Bryant, Maine, Mick Bullock, Mississippi Mississippi Business Journal, Missouri, National Mortgage Settlement, republican, robo-signing, Tom Miller, Wisconsin
Mississippi legislators will be the deciders in how to use a $14.2 million direct payment from a $25 billion national mortgage fraud settlement. Attorney General Jim Hood hopes legislators will allocate the money for such things as housing counseling, mortgage-education efforts and for programs to guide victimized homeowners through the settlement process. He concedes, however, [...] [...]
In this week’s MBJ — High-Tech ‘Garden’ growth: Pine Belt set to harvest high-tech rewards from USM scientific research. By Ted Carter Also in this week’s paper: >> Growing interest: Interest in William Carey’s inaugural Osteopathic class off the chart — by Amy McCullough >> Tax reform stuck in middle of political taffy pull: The [...] [...]
by Associated Press Published: November 16,2011
Tags: casinos, entertainment, foreclosure, gamblers, gambling, gaming, hospitality, hotels, lodging, meetings and conventions, restaurants, touists, tourism, visitors
TUNICA — ACH, the Atlantic City casino long considered to be at the greatest risk of having to close, can breathe a bit easier. New Jersey casino regulators today approved a plan to keep the struggling casino open and save the jobs of nearly 2,000 workers. “The company, quite frankly, was running out of cash,” [...] [...]
by Phil Hardwick Published: October 30,2011
Tags: crime-ridden, cultural opportunities, diversity, foreclosure, JACKSON, Mac, Mac or PC, PC, red sports car, Solyndra, world-class medical facilitie
Question: What is your solution to the foreclosure problem in the U.S.? Answer: I do not support the concept of allowing people who could not afford a house to be subsidized to stay in the house as owners. Nevertheless, houses should not remain vacant for long periods of time simply because of physical deterioration issues. [...] [...]
ACROSS MISSISSIPPI — Home foreclosure actions in Mississippi rose in July from the previous month, but were down from a year ago, according to a national foreclosure tracking firm. Irvine, Calif.-based RealtyTrac said 359 housing unit were targeted for some sort of foreclosure action last month — and all of those homeowners were at the [...] [...]
MISSISSIPPI GULF COAST — The number of homeowners along the Mississippi Gulf Coast in danger of losing their residences jumped sharply during the first three months of 2010, according to a report released today. Irvine, Calif.-based RealtyTrac, which tracks foreclosure actions nationwide, said that 369 foreclosure-related notices went out during the first quarter in Gulfport-Biloxi, [...] [...]
Neighborhood program putting families back in their homes There can be a snowball effect when a large number of foreclosures hit a neighborhood. Who wants to buy a home when prices are declining and many homes in the neighborhood are vacant with unkempt yards because of foreclosures? But, now there is an opportunity to [...] [...]
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