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Tag Archives: gambling

Lawyers have guided state's casino industry since the beginning

Gutsy casino entrepreneurs helped launch Mississippi into the gaming business more than 20 years, and today a new breed of entrepreneurs are buying up properties for their portfolios. One constant in the casino market’s maturation process: lawyers. At the beginning, there were regulations to learn and transactions to clear for brand new clients. Now firms have teams of lawyers dedicated ...

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State's casinos see worst revenue in April since 1998

AROUND MISSISSIPPI — Mississippi casino revenue kept falling in April, with gamblers losing less than in any other April since 1998. Mississippi Department of Revenue figures show statewide casino revenue fell 6 percent to $176.3 million. » READ MORE: Details on declining casino revenues in April. Year-over-year casino revenue has fallen in every month since July 2012. The state’s casinos, ...

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Stockholders approve sale of casino for $869M

VICKSBURG — The sale of Ameristar Casino will mark the second gambling house buyout in Vicksburg in less than a year. The stockholders of Las Vegas-based Ameristar Casinos Inc. last week approved the company’s planned acquisition by Pinnacle Entertainment. The all-cash transaction is estimated to be valued at $869 million. No change to Ameristar’s brand name was to accompany the ...

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Developers of proposed new casino miss deadline

GULFPORT — A development company that had wanted to build a $112 million casino at the Gulfport Harbor but has been unable to obtain financing will have to return to the Mississippi Gaming Commission for new approval if it wants to go ahead with the project. The Sun Herald reports a time limit on permission for the project expired last ...

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Officials readying to cut ribbon on hospitality training center

GULFPORT — After a decade of planning, Mississippi Gulf Coast Community College officials will cut the ribbon Friday on the nearly 51,000-square-foot Hospitality and Resort Management Center. MGCCC president Mary Graham tells The Sun Herald the state-of-the-art facility will provide a hands-on learning environment for students. The community college plans to work with Coast hospitality and resort industries to provide ...

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One casino adding revenue while the other spruces up

NATCHEZ — Three months after Natchez’s second casino began play, gaming revenue is up in the city, but insiders warn it’s too early to bet on the increase holding or folding. Natchez gaming revenues for December, January and February increased over the same months last year. The Natchez Democrat reports figures from the Natchez City Clerk’s office show the biggest ...

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