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Tag Archives: hotel

Full House closes on financing, signs contracts for Silver Slipper hotel

HANCOCK COUNTY — Full House Resorts has closed on an amendment to its first lien credit agreement to provide for a $10-million loan from its first lien facility lenders, which will be used to fund a portion of the approximate $17.7-million construction of a 142-room hotel at the Silver Slipper Casino in Hancock County. Full House also has signed construction ...

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Voters say no to new tax for recreational development

GAUTIER — The Gautier recreation department will not be getting any improvements. At least not right now. The Sun Herald reports residents voted down a referendum Tuesday in a special election to levy a 2 percent tax on hotels, motels and prepared food and beverages. The referendum received only 54 percent of vote. It needed 60 percent to pass. Mayor ...

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Road project expected to spur casino development

BILOXI — The extension of Back Bay Boulevard won’t quite complete “the loop” around East Biloxi but it will be enough for casino developers to invest millions in the city. The Sun Herald reports city council members heard a proposal yesterday for using $5 million from the Mississippi Development Authority to complete Phase I of the road construction. They also ...

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Casino planning $50M hotel tower renovation on Coast

GULFPORT — Island View Casino Resort is expanding with a planned $50 million investment to transform a hotel tower vacant since Hurricane Katrina into a 400-room hotel and convention center. The Sun Herald reported the tower on the south side of U.S. Highway 90 had been part of Grand Casino Gulfport before Katrina struck in August 2005. Island View owners ...

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Residents to vote on lodging tax in October

HORN LAKE — Horn Lake aldermen have set an Oct. 8 referendum for a proposed tax on hotel and motel stays that could generate thousands of dollars for the city. Voters will be asked to approve a tax of $2 per night, and 60 percent of voters must approve. The Commercial Appeal reports the referendum, if approved, would rectify a ...

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City wants lodging tax; money collected in error placed in escrow

HORN LAKE — Horn Lake hopes to get the ball rolling soon on a referendum for a hotel-motel tax that could generate thousands of dollars in revenue without taxing residents. The referendum is the latest chapter in the troubled history of the city’s hotel-motel tax, which dates back to 2002. State legislators approved a four-year tax and renewed it in ...

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State's casinos see 7 percent drop in revenue

ACROSS MISSISSIPPI — Mississippi casino revenue resumed its year-over-year slide in June after showing positive results in May. Statewide casino revenue fell nearly 7 percent from June 2012 to $174.5 million, according to Mississippi Department of revenue figures. The state’s gambling halls eked out a 1 percent gain in 2012, because revenue rebounded after most Mississippi River casinos were affected ...

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Recreation group lobbying for new hospitality tax

GAUTIER — Members of the Gautier Recreation Advisory Committee are out promoting the 2 percent tax levy on the Aug. 27 ballot. The committee chairman, Larry Dailey, tells The Sun Herald the levy will be imposed on prepared food, adult beverages and hotels and motels, and by law, 100 percent of the tax money generated must be used for recreation ...

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MMI takes over operation of downtown hotel; LEAD still owners

JACKSON — MMI Hotel Group has assumed management of the 67-room Sleep Inn and Suites Downtown-Convention Center located across the street from the to-be-opened Iron Horse Grill. The LEAD Group, LLC continues to own the property serving the downtown Jackson market. “This is our first management agreement with The LEAD Group,” said Scott Sledge, vice president of operations for MMI ...

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