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Tag Archives: hotels

Alderman wants referendum on bringing in gaming

LONG BEACH — Long Beach alderman Leonard Carrubba has suggested putting a nonbinding casino referendum on the November ballot. Carrubba tells WLOX-TV he wants to know if Long Beach voters are for or against a casino in their city. Long Beach voters have turned down gaming before — during two countywide votes. They rejected a gaming referendum again in 1993 ...

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Councilmen vote to lease land for proposed Oyster Bay Casino

D’IBERVILLE — The city of D’Iberville will share in the profits of Oyster Bay Casino if the resort is built. The city council yesterday agreed to lease the waterfront land on the Back Bay near the Jackson County line. City Manager Michael Janus told The Sun Herald the city’s parcel is needed to make the property a legal casino site ...

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Nevada firm looking to buy Silver Slipper Casino for $70M

HANCOCK COUNTY — Full House Resorts of Las Vegas, Nev., has entered into definitive agreements with Silver Slipper Casino Venture, LLC to acquire all of the outstanding membership interest of the entity operating the Silver Slipper Casino in Hancock County. The purchase price is $70 million, exclusive of estimated cash, net working capital balances, fees and expenses and other adjustments ...

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State's casinos brought in more winnings in February

ACROSS MISSISSIPPI — February winnings for Mississippi’s casinos rose 2.6 percent from a year ago, only the second time in the last year that revenues have improved at the state’s 30 gambling halls. The month was aided by the leap year’s extra day, as well as Mardi Gras occurring in the month. In 2011, Mardi Gras was in March. Overall, ...

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Developer's attorney says new casino proceeding; won't be CanCan

D’IBERVILLE — An attorney representing the developer say a new casino is ready to proceed in D’Iberville. The Sun Herald reports it will no longer be CanCan casino but it will be on the same site east of Interstate 110 on the Back Bay. Michael McCabe, an attorney representing developer Land Holdings I LLC, says research is underway with focus ...

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Houses passes bill allowing alcohol sales in dry counties

JACKSON — The Mississippi House has passed a bill to let mid-sized municipalities in dry counties decide if they wish to allow sales of liquor by the glass at restaurants and hotels. Voters in municipalities with at least 5,000 people would be allowed petition for a vote on the issue. At least 20 percent of registered voters would have to ...

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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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