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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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New regional tourism group on Coast holds first meeting

BILOXI — Representatives from the three Coast counties arrived ready to work at the first meeting of the new Mississippi Gulf Coast Regional Tourism Commission. Yesterday, the commission began by establishing accountability and setting goals to increase visitors to South Mississippi resorts. The Sun Herald reports Duncan McKenzie was elected president and Kim Fritz vice president. Both represent Harrison County. ...

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Officials eye several potential projects for RESTORE funds

D’IBERVILLE — City officials have identified several projects they want to submit for possible RESTORE Act funding but first will seek public opinion. The Sun Herald reports the projects will be reviewed during a meeting Thursday at the D’Iberville City Hall before they are given to the Department of Environmental Quality, the agency that will administer RESTORE Act funds. Some ...

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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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Gaming expert: City could wait years for casino growth

NATCHEZ — Despite increased revenues since the city’s second casino opened in December, a Mississippi gambling expert says it could take several years for Natchez to see substantial growth to the local casino market. Former University of Southern Mississippi professor, researcher and author Dr. Denise Runge said she would, of course, not have expected local gambling revenues to instantaneously double ...

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Casino hotel construction playing beat the clock

BILOXI — The countdown is on and those driving by the new hotel construction on U.S. 90 are watching to see if the Hard Rock Hotel & Casino Biloxi can make its planned opening by New Year’s Eve. Todd Raziano, CFO at the casino, tells The Sun Herald Premier Entertainment Biloxi and Hard Rock International are investing $32.5 million for ...

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State's casinos finally see an increase in revenue over 2012

ACROSS MISSISSIPPI — Mississippi casino revenue rose in May, the first month in 2013 that state’s gross casino revenue was higher than in 2012. Revenue was up 3 percent statewide to $192.7 million in May, according to the report from the Mississippi Department of Revenue. South Mississippi’s 12 casinos won $95.1 million in May, up more than $4 million from ...

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Commission approves sale of Ameristar to Pinnacle

JACKSON — The Mississippi Gaming Commission has unanimously approved the Pinnacle Entertainment’s proposed acquisition of Ameristar Casinos. According to a release from Pinnacle, completion of the transaction remains subject to the receipt of additional required regulatory approvals and customary closing conditions. “Ameristar Casino Hotel Vicksburg is a terrific addition to our portfolio and nicely complements our existing operations in the ...

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South's oldest casino to reopen as Golden Nugget

BILOXI — Although its hotel is still in the middle of a $100 million makeover, the oldest casino in the South will reopen at 1 p.m. Friday with a new look as the Golden Nugget Casino Biloxi. Changes range from new windows and fewer walls to new carpet and new nametags, The Sun Herald reported. They are only the first ...

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Supervisors to talk about rising costs, dwindling budget

BILOXI — Mississippi supervisors gather on the Gulf Coast next week to talk about roads and bridges, economic development, water resources and other issues. The core issue is money. Counties, just like municipalities, are faced with dwindling tax bases and rising costs. Something has to be done without harm to the taxpayers, says Steve A. Davis, director of governmental affairs ...

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