by MBJ Staff Published: May 2,2012
Tags: acquisition, casinos, Conventions, credit, financing, gambling, gaming, hospitality, lodging, meetings, mergers, purchase, restaurants, tourism, tourists, visitors
BAY ST. LOUIS — Las Vegas, Nev.-based Full House Resorts reports it has obtained financing commitments for new credit facilities totaling $75 million to fund the company’s acquisition of the Silver Slipper Casino. The financing will consist of a $55 million first lien credit facility and a $20 million second lien facility. Capital One N.A. [...] [...]
HATTIESBURG — The First Bancshares Inc., holding company for The First, A National Banking Association, reported earnings for the quarter ended March 31, 2012. The First Bancshares also announced a quarterly dividend of $0.0375 per common share. The record date will be May 10, 2012 with a payable date of May 24, 2012. Net income [...] [...]
by Associated Press Published: April 27,2012
Tags: acquisitions, banking, Banks, earnings, finance, financial institutions, mergers, net income, profits, publicly traded company
GULFPORT — Hancock Holding Co., which operates Hancock and Whitney banks along the Gulf Coast, said yesterday that it is making progress in digesting last year’s Whitney acquisition. Hancock merged with Whitney in June, making it hard to compare year-earlier results. The bank posted profit of $18.5 million, or 21 cents per share, in the [...] [...]
by Associated Press Published: April 26,2012
Tags: acquisitions, banking, Banks, earnings, expansion, finance, financial institutions, loan losses, loans, mergers, net income, profit, publicly traded company
TUPELO — Renasant Corp. says its acquisitions and new branches are succeeding as it cut bad loans in the first quarter of 2012. The bank said it earned quarterly profit of nearly $6 million, or 24 cents per share. The company earned about $7.5 million, or 30 cents per share, in the same quarter of [...] [...]
by Associated Press Published: April 25,2012
Tags: acquisitions, banking, Banks, earnings, finance, financial institutions, loan provisions, loans, mergers, new income, profits, publicly traded company
JACKSON — Trustmark Corp. said profits rose strongly in the first quarter as the bank set aside less for bad loans and earned a windfall on buying a Florida bank. The bank said it earned $30.3 million, or 47 cents per share, in the quarter that ended March 31. That’s 26 percent higher than the [...] [...]
by MBJ Staff Published: April 3,2012
Tags: acquisitions, casino, Conventions, entertainment, gambling, gaming, hospitality, hotels, meetings, mergers, restaurants, tourism, tourists, visitors
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 [...] [...]
by Associated Press Published: April 2,2012
Tags: acquisitions, convenience stores, distributors, expansions, gas stations, gasoline, mergers, Oil, oil and gas, petroleum, relocation
NATCHEZ — Two long-time Miss-Lou oil distributors have recently been bought out, but one of the buyers is expanding its market share in Mississippi and making plans to move out of Louisiana. Delta Fuel Co. Inc. recently bought the wholesale side of Independent Oil and Coal Co., and has leased the bulk plant of Cloutier [...] [...]
by Associated Press Published: March 29,2012
Tags: acquisitions, convenience stores, food, gas, gasoline, groceries, marts, mergers, Oil, petroleum, retail, stores
NATCHEZ and RIDGELAND — Ridgeland-based Victory Properties has bought 11 convenience stores and nine dealer accounts of Cloutier Oil in Natchez. Lawrie Cloutier, owner of Cloutier Oil, tells the Natchez Democrat the sale was completed March 19. Terms were not disclosed. Cloutier Oil was started Oct. 1, 1958, and originally served commercial businesses that had [...] [...]
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 [...] [...]
SENATOBIA — Chromcraft Revington Inc. has acquired Executive Office Concepts, Compton, Calif., for an undisclosed sum. Executive Office Concepts (EOC) has been in the seating and casegoods business for four decades. EOC was founded by Richard L. Sinclair, who got his start in the furniture industry working his way through college. He has been the [...] [...]
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