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Tag Archives: hotels

City approves plans, financing for proposed CanCan Casino

D’IBERVILLE — The D’Iberville City Council has approved development plans for the CanCan Casino and up to $24 million in tax-increment financing bonds to help cover costs of the infrastructure. The Sun Herald reports Chris Gouras, the city’s public finance consultant, outlined the plan and explained how the TIF work yesterday. Gouras said phase one of the project on the ...

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Isle of Capri selling Coast casino for $45M to Golden Nugget

BILOXI — Isle of Capri Casinos,Inc. has entered into a definitive purchase agreement with Golden Nugget Biloxi Inc., a wholly owned subsidiary of Landry’s Inc., to sell its Isle Casino Hotel in Biloxi. Under the terms of the agreement, Golden Nugget Biloxi has agreed to pay Isle of Capri Casinos approximately $45 million. The transaction is subject to regulatory approval ...

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Pearl River Resort lands debt refinancing via Trustmark agreement

CHOCTAW — The Mississippi Band of Choctaw Indians has signed a debt refinancing agreement for the Pearl River Resort in Neshoba County and the Bok Homa Casino in Jones County. The new loan is for $78 million at a 6 percent variable rate for five years. The agreement was signed yesterday by Chief Phyliss J. Anderson and officials with Trustmark ...

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Offshore regulations to go into effect; environmentalists vow to fight

GULF OF MEXICO — Regulations governing offshore seismic surveying and offshore mineral leasing are expected to go into effect in mid-March. The Mississippi Press reports the final draft of the rules has been sent to Secretary of State Delbert Hosemann’s office, where it must sit for 30 days before becoming active. Coastal leaders continue to debate how drilling might impact ...

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MDA reports tourism generated nearly $6B in expenditures in 2011

ACROSS MISSISSIPPI — Tourism in Mississippi generated expenditures of $5.97 billion from 20.8 million visitors in fiscal year 2011 (July 2010-July 2011), according to figures released by the Tourism division of the Mississippi Development Authority. During that same period, tourism contributed $438.4 million to the state’s tax coffers. These and other figures are available in the latest edition of the ...

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AAA awards four diamonds to 11 hotels and restaurants

ACROSS MISSISSIPPI — Six lodgings and five restaurants currently hold Four Diamond Award status statewide from AAA, according to AAA Mississippi. AAA-approved lodgings and restaurants are assigned a rating of one to five diamonds. Lodgings and restaurants in Mississippi receiving the 2012 AAA Four Diamond Rating include: Beau Rivage Resort and Casino, Hard Rock Hotel and Casino, IP Casino Resort ...

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State's casinos get off to slow start in 2012

ACROSS MISSISSIPPI — Revenue figures show the new year got off to a slower-than-average start for Mississippi casinos. January’s $87.8 million revenue at the 11 coast casinos was down $10 million from a year ago, according to Mississippi Department of Revenue figures. The decline was about $3 million at the 19 riverside casinos, to $89.2 million. Revenue for January totaled ...

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Commission rejects proposal for Deer Island development

BILOXI — The Biloxi Planning Commission has rejected a proposed development on the west end of Deer Island. The Sun Herald reports the commission recommended denial of a zoning change. The issue next goes to the Biloxi City Council for a decision. Larry Mitrenga has proposed the Oasis at Deer Island. Mitrenga has described the resort with eight three-story buildings, ...

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Margaritaville closes on financing for Louisiana casino

BOSSIER CITY, La. — Bossier Casino Venture, LLC (d/b/a Margaritaville Resort Casino) has closed its project financing for the Margaritaville Resort Casino to be built in Bossier City, La. Construction on the $197 million casino and hotel resort is expected to commence immediately and extend for approximately 16 months, with a targeted opening date in June 2013. The resort will ...

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