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Tag Archives: gaming

Landry's completes acquisition of Isle-Biloxi; plans $100M renovation

BILOXI —Fertitta Entertainment has completed the acquisition of the Isle Casino in Biloxi. Terms were not disclosed. “We’ve been looking to extend the Golden Nugget’s footprint to Biloxi for years and we’re excited to make major changes to the property and to the South, a personal interest of mine,” said Tilman J. Fertitta, sole owner, chairman and CEO of Landry’s Inc., ...

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Isle points to Isaac, low river for quarterly loss

ST. LOUIS, Mo. — Isle of Capri Casinos Inc. recorded a loss of $4.3 million during the quarter ended Oct. 28, compared to a loss of $1 million the same quarter last year. Net revenues for the quarter were $223.2 million, compared to $231.4 million the same quarter last year. Consolidated adjusted EBITDA decreased $3.2 million, or 7.6 percent, to ...

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Commission grants license to Magnolia Bluffs Casino

NATCHEZ — The Mississippi Gaming Commission has granted a gaming license to Magnolia Bluffs Casino. The Natchez Democrat reports the commission granted the approval yesterday during its meeting at the Natchez Grand Hotel. The casino, which is scheduled to open Dec. 21, has been nearly six years in the making. The casino first received site approval from the commission in ...

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Council's action clears way for sale of Isle Casino

BILOXI — The sale of the Isle Casino to Landry’s Golden Nugget could close at any time. The Biloxi City Council has approved reassigning leases for city land at Point Cadet to Landry’s Golden Nugget. The sale of the Isle Casino to Golden Nugget was announced in March. The casino will become the Golden Nugget Biloxi. The casino will continue ...

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Casino officials to ask Commission for gaming license

NATCHEZ — Magnolia Bluffs Casino representatives will appear before the Mississippi Gaming Commission seeking approval of a gaming license for the casino. MGC executive director Allen Godfrey tells The Natchez Democrat the commission will also decide whether to approve applications for findings of suitability for stakeholders in the casino. The suitability investigations are standard procedure and involve exhaustive criminal, financial ...

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State's casinos see worst month since September 1998

ACROSS MISSISSIPPI — Mississippi casinos stumbled through their worst revenue month since September 1998 in October, with gamblers losing 8 percent less than in October 2011. Statewide casino revenue fell to $167.4 million, according to Mississippi Department of Revenue figures. If poor results continue, the state’s gambling halls could collect less money in 2012 than in 2011, even though the ...

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City looking for parking space to meet casino lease

NATCHEZ — The city of Natchez is eyeing the gravel lot next to the Margaret Martin Performing Arts Center for parking it must provide to Magnolia Bluffs Casino in accordance with the lease between the casino and the city. Mayor Butch Brown tells The Natchez Democrat the parking lot is currently the most logical option for the 100 parking spaces ...

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Read November 23 issue of the MBJ

  GAMING Casino industry matures across Mississippi over two decades— by Clay Chandler HOLIDAYS Temporary ice rinks attract skaters, business for communities— by Stephen McDill KEMPER UPDATE Analysts dispute claim coal plant is almost complete— by Clay Chandler FONDREN Plans are in the works to makeover business district— by Clay Chandler BILL CRAWFORD Wipe out the debt and curb deficit ...

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20 YEARS OF CASINOS — How gaming has matured in Mississippi

When the state’s first casinos opened in 1992, no one was sure what gambling’s impact would be — good or bad. Proponents held high hopes for its economic potential. Opponents feared the downside for residents and their communities. In 20 years since that uncertain first roll of the dice, the numbers tell the story. The 30 commercial casinos on the ...

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Officials expected to OK city's first gaming venue

D’IBERVILLE — The D’Iberville City Council is expected to give the final approvals for the city’s first casino. The Sun Herald reports the council will vote today on four measures that will allow Land Holdings I to build a casino on the Back Bay. The company hasn’t yet announced the name of the casino. Before the final master plan is ...

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