Looks like the new Bacaran Bay Casino in Biloxi Mississippi will be having some changes before construction is completed. They will no longer be offering on-site condos, and it looks like some large management changes have been made.
The article was from WLOX:
BILOXI – The Bacaran Bay casino project on Caillavet Street will be built, without condominiums, and without its creator Marlin Torguson. On Tuesday, members of a newly formed company called the Phoenix Gaming Group confirmed that they now control the Caillavet Street site.
Their plan is to reconfigure Bacaran Bay, refinance it, and move it forward. Whatever the new design looks like, it won’t include condos. Phoenix Gaming Group spokesman John Ed Ainsworth says the market isn’t right for condos to be part of a casino resort… Read complete article.
I visited their website and it still looked like they were pushing condos, we will see when it is updated and post here at the Biloxi Blog.
As reported by Biloxi Casinos and WLOX, it looks like the Gold Coast Casino Resort from RW Development was approved by the gaming commission.
However, it still has to be approved by the city and state. I am looking forward to another casino coming to the Gulf Coast.
Keep checking back at Biloxi Blog for more updates.
Article on BiloxiCasinos.com:
Biloxi Gold Coast Casino Resort
Article on WLOX:
Biloxi Planning Commission Approves RW Development
We have a feeling this will be the first of a handful of changes that need to be completed at the Isle of Capri organization. I don’t think the Biloxi Isle of Capri casino has been one of the thorns in their business, but it sure hasn’t been producing revenues like some of the other casinos on the Coast.
Tidbit..
Against a backdrop of sinking share prices and sharp revenue losses, Isle of Capri Casinos Inc. Chairman Bernard Goldstein said Wednesday that he was stepping down as chief executive.Goldstein, 79, and regarded as “the father of modern riverboat gambling,†will hand his CEO title to industry veteran Jim Perry, who joined the company’s board of directors last summer. Goldstein will stay on as chairman.
Read the complete article on the Kansas City Star page:
Isle of Capri CEO steps down, remains chairman
