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Tag Archives: gambling

Diamondhead Casino Corporation wins site approval

DIAMONDHEAD — A 400-acre tract of land near the Bay of St. Louis just off of Interstate 10 near Diamondhead has been approved as a location for a casino. The Mississippi Gaming Commission gave site approval to Diamondhead Casino Corporation. The next time the casino will go before regulators is when financing is in place and the project is ready ...

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Scarlet Pearl Casino construction officially underway

D’IBERVILLE — D’Iberville Mayor Quave says the tax revenues generated from a casino will allow the city to give raises to police, fire and city employees, as well as pay for much-needed sewer and drainage projects. Officials broke ground yesterday for the $250 million Scarlet Pearl Casino. The Scarlet Pearl is set to open on New Year’s Eve 2015. It ...

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Majestic Star mulling alternatives to current debt structures

TUNICA — The Majestic Star Casino, LLC intends to consider alternative debt structures to refinance its existing first lien senior secured credit facility due Dec. 1, 2014, and second lien secured notes due Dec. 1, 2016. Proceeds from the refinancing will refinance commitments under the credit facility and the current principal balance on the notes. Majestic Star is a multi-jurisdictional ...

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Officials to break ground on new D'Iberville casino next week

D’IBERVILLE — Land Holdings 1, LLC will host a groundbreaking for the Scarlet Pearl Casino Resort in D’Iberville next week. The Mississippi Gaming Commission recently approved construction of the Scarlet Pearl after Land Holdings I closed all of its necessary financing.  Construction will include the 60,000-square-foot gaming facility and a 300-room hotel. The groundbreaking will be held July 15, beginning ...

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Voters view casinos more favorably, industry poll shows

In an attempt to find national political support for the gaming industry, the American Gaming Association Tuesday released highlights of a poll that it says shows voters view gaming more favorably than in previous years. According to the poll, more Americans embrace gaming, and more Americans believe casinos create jobs and strengthen local communities. It also says a portrait of ...

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Revenue figures show struggles of casinos, especially along river

The April revenue figures for the state’s casinos back up what the Mississippi Business Journal reported last week from the Southern Gaming Summit — Coast casinos are hanging on while riverboats continue to bleed. Mississippi Department of Revenue figures show casinos statewide won $164 million from gamblers in April, down 6 percent from April 2013. The 12 coastal casinos won ...

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Are I-gaming, sports betting right for Mississippi?

BILOXI — With casinos revenues sliding, gaming officials and operators in Mississippi could be on the verge of making a sizeable gamble to protect the state’s interests. The state Legislature recently asked Allen Godfrey, executive director of the Gaming Commission to lead a task for looking into the viability of internet gaming and sports betting in Mississippi. The panel won’t ...

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Attracting younger players may be casinos’ biggest challenge

BILOXI — Forbes says Tilman Fertitta is worth $2.4 billion. He became a wealthy businessman by making smart decisions, being opportunistic and having a business-is-business attitude. But even when the owner and CEO of Fertitta Entertainment walks into one of his three Golden Nugget casinos, one thing scares him — the changing landscape of the customers. “One of my scariest ...

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Gaming world divided about Internet

BILOXI — One year ago, Internet gaming was about to make its big splash. New Jersey was on the forefront and some estimates put the potential revenue haul at $1.2 billion in the first year. Today, there is a shortage of players, a shortage of credit card companies participating and a lack of unity among states and owners interested in ...

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