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Tag Archives: gaming

Bankrupt Majestic Star reports better numbers

TUNICA — Bankrupt Majestic Star Casino, LLC, which operates Fitzgeralds Casino/Hotel in Tunica, has released financial results for the three and nine months ended Sept. 30, 2009. For the quarter, consolidated net operating revenues were $74.8 million compared to $82.7 million for the same period in 2008. The company recorded an operating loss of $1.9 million, compared to an operating ...

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'Tis not the season for gaming

There is a very good chance that the recession will not unduly impact the state’s casino industry this holiday season. That is because historically the period between the Thanksgiving weekend and Christmas is the worst of times for the gaming industry, even when the economy is healthy. There is nowhere to go but up for the industry. Since gaming came ...

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Harrah's honored for minority advocacy

TUNICA — Representatives from Harrah’s Entertainment Mississippi were recently presented with a Minority Advocate Award at the Minority Diversity Association of Mississippi’s annual awards banquet in Jackson. “At Harrah’s Entertainment we believe in the power and endless potential of minority businesses in our community. We are proud to stand alongside the Minority Contractors Association of Mississippi as it pays tribute ...

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Diamondhead Casino still in game

DIAMONDHEAD — Deborah Vitale says jokingly that one day she will write a book, then a musical, on the saga of her professional struggles over the last decade-plus to get a gaming venue built on the Mississippi Gulf Coast. President of Diamondhead Casino Corporation (OTBB: DHCC), she can only chock up her company’s survival to divine intervention. “It is almost ...

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Diamondhead Casino still in the game

DIAMONDHEAD — Deborah Vitale says jokingly that one day she will write a book, then a musical, on the saga of her professional struggles over the last decade-plus to get a gaming venue built on the Mississippi Gulf Coast. President of Diamondhead Casino Corporation (OTBB: DHCC), she can only chock up her company’s survival to divine intervention. “It is almost ...

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Diamondhead Casino still alive

DIAMONDHEAD — Diamondhead Casino Corporation, which for years has been trying to build a gaming venue on approximately 404 acres of land in Diamondhead, has released an update on its activities. In September, the company entered into an agreement with EDSA Inc. to design and prepare a master plan for the Diamondhead property. The master plan, which is water-themed, is ...

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MGM MIRAGE's Mississippi operations slumping

MGM MIRAGE reported a third quarter diluted loss per share of $1.70, compared to income per share of $0.22 in the prior year third quarter. The current year results were impacted by non-cash impairment charges totaling $1.17 billion, or $1.72 loss per diluted share net of tax, including a pre-tax non-cash impairment charge of $956 million related to the company’s ...

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Champions Tour stopping on Coast

BILOXI — The PGA TOUR’s Champions Tour, in conjunction with the Gulf Coast Business Council, announced the addition of a new tournament to the Champions TOUR schedule for 2010 – the Mississippi Gulf Resort Classic, to be held April 26-May 2. The tournament will feature three days of competitive play, a Pro-Am as well as numerous special events including a ...

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Casinos' performance up and down

AROUND MISSISSIPPI — Penn National Gaming Inc. reports net revenues for the quarter ended Sept. 30 of $620.4 million, up from $617.9 million during the same period last year. However, net income was well down — $21.4 million during the quarter of this year, compared to $147.5 million during the same quarter a year ago. Peter M. Carlino, chairman and ...

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Beau Rivage joins ALHI

BILOXI — Beau Rivage Resort & Casino has been accepted for membership into Associated Luxury Hotels International (ALHI), becoming ALHI’s first member in Mississippi. The 1,740-room resort will now receive national sales services by ALHI to the meetings, incentive/ recognition travel, conventions, and expositions marketplaces. “Beau Rivage Resort & Casino is a remarkable option for any meeting professional and incentive ...

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