BILOXI, Mississippi — As reported by the Mississippi Sun-Herald: “The Mashantucket Pequot Tribal Nation, which owns Foxwoods, the world’s largest casino resort, is bringing its brand to Biloxi.
“Its expansion company, Foxwoods Development Group, plans to invest $400 million for a casino resort at the site of the Broadwater Hotel. The company has reached a deal to buy 15 acres on the north side of U.S. 90 from W.C. “Cotton” Fore and Roy Anderson III.
“The property will be called Foxwoods Resort Casino at Broadwater Beach. The company planned today to apply for site approval with the Mississippi Gaming Commission, said Gary Armentrout, chief development officer for the expansion company.
“…Foxwoods is the second casino company to announce plans to come into the Biloxi market since the hurricane…”
Source: Casino City TimesÂ
The economic development arm of an American Indian tribe in Connecticut that owns what’s said to be the largest resort casino in the world hopes to open a casino resort on the Mississippi Gulf Coast.
The Mashantucket Pequot Tribal Nation owns Foxwoods Resort Casino in southeastern Connecticut, and the tribe’s economic development company is negotiating to buy property in Biloxi for a casino resort, said Dan McDaniel, a Jackson gaming lawyer. “We’re in the middle of due diligence and finalizing the purchase agreement,” he said.
The tribe would enter the Mississippi gaming market as a commercial gaming company, he said.
“Tribal lands will not be involved,” he said. “They’ll pay the same taxes and undergo the same investigations as any other gaming company coming into the state.”
The Mashantucket Pequot Tribal Nation opened Foxwoods in 1986 as a bingo hall and has developed it into a successful casino resort. It includes 7,400 slots, 365 gaming tables, high-stakes bingo, racebook, 35 restaurants, 1,400 hotel rooms, 55,000 square feet of meeting space, 25 shops, two showrooms, a B.B. King nightclub and a Hard Rock Cafe.
Foxwoods Resort Casino employs 12,000 people and has paid more than $2.2 billion in taxes to the state of Connecticut since opening in 1992, said Gary Armentrout, chief development officer for Foxwoods Development Co.
Foxwoods Development Co. wants to purchase 15 acres in the middle of 266 acres owned by Broadwater Development LLC in Biloxi and have exclusive gaming rights for development, he said.
Harold L. Gater/The Clarion-Ledger
Gulf Coast businessmen Cotton Fore and Roy Anderson III, partners in Broadwater Development LLC, purchased the President Casino Broadwater Resort, which included a casino and hotel, in 2005. Read the rest of this entry »
BILOXI, Miss. – The opening date of Boomtown Casino in Biloxi has been moved up to this summer, Penn National Gaming officials said Tuesday, and Casino Magic Bay St. Louis will reopen this fall.
The company had earlier said it did not expect to reopen the properties, which were heavily damaged by Hurricane Katrina, until the fourth quarter of this year.
Boomtown will have about 1,100 slot machines and about 22 table games when it reopens.
Although Casino Magic Bay St. Louis will not begin gambling operations until autumn, the hotel will begin to take reservations shortly, the company said. Casino Magic will have about 1,270 slot machines and about 20 table games when it reopens.
Penn National will begin recruiting programs and host job fairs in advance of the openings.
“We look forward to welcoming back to work many of the employees who were responsible for the success of these properties prior to the hurricane,” the company said in a statement.
Source: APÂ
