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Atlantic City casinos struggling

ATLANTIC CITY, N.J. — Resorts Atlantic City, the nation’s first casino outside Nevada, says it may not survive; another Atlantic City casino hasn’t made a loan payment since last summer and three others are in bankruptcy court. Atlantic City’s 11 casinos have been struggling for more than three years. Financial documents filed with the state this week show just how ...

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Lab to play key role in snapper population

OCEAN SPRINGS — A 5,260-square-foot building under construction on the University of Southern Mississippi’s Cedar Point site is designed to play a vital role in red snapper stock enhancement. Red snapper is considered one of the most valuable species in the Gulf of Mexico and is also labeled as “overfished” by the National Marine Fisheries Service. Jason Lemus, research associate ...

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Isle of Capri buys Rainbow Casino

VICKSBURG — Isle of Capri Casinos Inc. has entered into a definitive purchase agreement with Bally Technologies Inc. to purchase its Rainbow Casino in Vicksburg pending regulatory approval. Under the terms of the agreement, which was approved by the board of directors of both companies, Isle of Capri Casinos will pay Bally Technologies $80 million in an all-cash transaction, assuming ...

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Vandalism impacting airport operations

CORINTH — Officials with the Corinth-Alcorn County Airport say recent vandalism could create hazards for pilots. Airport operations manager Donna Briggs says fences around the airport have been cut and runway lights have been damaged or stolen. She says the damage creates a security breach and a safety hazard. Briggs says the fencing is not used for security purposes but ...

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Interest spikes in new Coast casinos

MISSISSIPPI GULF COAST — As Gulf Coast casinos continue to rebound from Hurricane Katrina, the Mississippi Gaming Commission is seeing more developers wanting to enter the game. “We have had more interest in the past 30 days for new operators than in the past 12 months,” said Gaming Commission member John Hairston, “so the future appears very encouraging. Most inquiries ...

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Corps wraps up beach project

PASCAGOULA — The U.S. Army Corps of Engineers has finished pumping roughly 350,000 cubic yards of sand onto the beach, signaling the end of a $12-million Corps project that began Sept. 23. Workers are now burying geotubes about five feet underground to help prevent erosion. Corps spokeswoman Susan Rees says the project is one of 15 the Corps took on ...

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Air travelers still staying grounded

The number of scheduled domestic and international passengers on U.S. airlines and on flights to and from the United States on foreign airlines declined in 2009 by 5.3 percent from 2008, dropping to 769.6 million, the Department of Transportation’s Bureau of Transportation Statistics (BTS) reports. BTS, in a release of preliminary data, reports that U.S. airlines carried 5.3 percent fewer ...

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Reefs finally back to pre-Katrina condition

MISSISSIPPI GULF COAST — The Mississippi Department of Marine Resources’ (DMR’s) Artificial Reef Program has restored Mississippi’s inshore artificial reefs to 100 percent of their pre-Hurricane Katrina state. About 90 percent of Mississippi’s inshore and offshore artificial reefs were destroyed by Hurricane Katrina in 2005. Prior to Katrina, there were 44 inshore artificial reefs, and as of early 2010 there ...

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Insurance clouds gathering

Wind pool or mitigation are the two issues that have folks up in arms There’s a political storm brewing over the state’s obligation to the wind pool. The Mississippi Windstorm Underwriters Association, commonly called the wind pool, is a fund created after Hurricane Katrina to help homeowners on the Mississippi Gulf Coast procure homeowners insurance. Since fiscal year 2007, the ...

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Gaming Commission to live on fees

JACKSON — The regulation and enforcement of the casino industry in Mississippi will now be funded entirely through fees and fines. Essentially the industry will be paying to regulate itself through the fees assessed for licensing, work permits, inspections and equipment, said Larry Gregory, executive director of the Mississippi Gaming Commission. On March 25, the commission filed the proposed fees ...

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