Margaritaville Casino & Restaurant Biloxi Biloxi Ms
Situated next to Louisiana Boardwalk Outlets, Margaritaville provides its guests with a comfortable atmosphere and memorable entertainment experience. The single-level casino offers more than 1,200 slot machines and 54 table games including craps, blackjack, roulette and many more of your favorite games in spacious and comfortable surroundings. Casino Combine the thrill of Vegas-style action with the easygoing attitude of the islands. Our casino properties combine the newest machines and classic table games with all of the signature Margaritaville amenities that make us famous. We've got a couple great casino properties in our collection, check them out now and plan your next getaway. Play Margaritaville Casino Slot Machine at Hollywood Casino! Play Free Slot-Style Social Casino Games at HollywoodCasino.com. These games are intended for use only by those 21 or older, and only for amusement purposes.
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| Margaritaville Casino and Restaurant Biloxi | |
|---|---|
| Location | Biloxi, Mississippi |
| Address | 160 5th Street |
| Opening date | May 22, 2012 |
| Closing date | September 15, 2014 |
| Theme | Margaritaville |
| Total gaming space | 21,000 sq ft (2,000 m2) |
| Notable restaurants | Margaritaville |
| Casino type | Land-based |
| Owner | MVB Holdings |
The Margaritaville Casino and Restaurant is a closed casino and restaurant in Biloxi, Mississippi in the United States. The 68,000-square-foot (6,300 m2) property is in the 'Back Bay' area of Biloxi.[1] It opened on May 22, 2012 and closed on September 15, 2014. Its brand was licensed from Jimmy Buffett's Margaritaville.
History[edit]
Jimmy Buffett, a native of nearby Pascagoula, tried to bring the Margaritaville brand to Biloxi as early as 2000, when discussions were held on building a hotel and amphitheater on 12 acres of beachfront land between the Casino Magic and Grand Casino.[2]
Following Hurricane Katrina, Grand Casinos founder Tom Brosig came out of retirement and began looking for land to develop a casino, citing a desire to help rebuild the community. He settled on the Back Bay site where the Margaritaville Casino would ultimately open. According to Brosig, he nearly reached an agreement to use the Margaritaville brand in 2006.[3]
Buffett instead joined with Harrah's Entertainment in 2007 to begin construction on the $700-million Margaritaville Casino Resort on the site of the Casino Magic and Grand Casino,[4] which had both been destroyed by Katrina.[5] Buffett was partly motivated by a desire to help the region's economic recovery from Katrina.[4] Construction was suspended, however, in 2008, due to the global financial crisis and Harrah's near-bankruptcy after being taken private.[6]
Meanwhile, Brosig continued his efforts on the Back Bay site, but had difficulty raising financing due to the financial crisis and the Deepwater Horizon oil spill. He was eventually able to assemble a total investment of $63 million, with '20 or 22' equity investors. A 20-year agreement was reached for the Margaritaville brand.[3]
Buffett and Brosig unveiled their plans in 2011, describing a 68,000 sq ft (6,300 m2), $48-million Margaritaville Casino at the former East Harrison County Industrial Park, without the involvement of Harrah's (now Caesars Entertainment).[7] Groundbreaking was expected in April 2011 with a construction time of 9 months.[8]
In March 2011, plans for the location won fast track approval from the city of Biloxi. On April 7, Buffett appeared before the Mississippi Gaming Commission and explained why the casino should be approved. Commissioners listened and then approved the project.[9]
On May 22, 2012, the Margaritaville Casino & Restaurant opened to the public, featuring 820 slot machines, 18 table games, two levels of dining decks, and a marina with waterside entertainment, food, and drinks.[10]
In June 2013, Margaritaville Biloxi became the first casino in Mississippi gaming history to offer outdoor gaming which includes three blackjack tables at LandShark Landing and Marina.
In December 2013, Doug Shipley, President & CEO, announced that Margaritaville Biloxi would break ground on a new hotel facility in the spring with anticipated completion a year later. The new hotel would feature 250 rooms, including 170 deluxe guest rooms and 80 two- and three-bedroom suites. In addition, they would offer timeshare units through a major international partner.
In July 2014, the casino announced that it would likely close by September, because of an unresolved dispute with the landlord that was blocking the financing needed to build the hotel.[11] On September 15, 2014, Margaritaville Biloxi officially closed.[12]
The property was listed for sale in 2015 with an asking price of $18 million.[13]
In 2019, a new group of developers filed plans to reopen the casino as the Biloxi House at Point Cadet. Their $200-million project would add a 300-room hotel and various other amenities to the site.[14]
References[edit]
- ^'Mississippi regulators certify Jimmy Buffet's casino'. Las Vegas Sun. AP. May 17, 2012. Retrieved 2012-05-17.
- ^Palermo, Dave (July 30, 2000). 'Glut quiets casino boom: Plans begin to gather dust'. The Sun Herald. Gulfport, MS: via NewsBank.(subscription required)
- ^ ab'Q&A with Tom Brosig'. Global Gaming Business. July 27, 2012. Archived from the original on January 24, 2013. Retrieved July 27, 2012.
- ^ abPerez, Mary (August 14, 2007). 'Margaritaville breaks ground'. The Sun Herald. Gulfport, MS: via NewsBank. Retrieved 2012-05-23.(subscription required)
- ^Mohr, Holbrook (December 8, 2005). 'Gulf casinos end worker aid'. San Diego Union-Tribune. AP. Retrieved 2012-05-23.
- ^Burnham, Maria (June 26, 2010). 'Hopes fade for quick restart on Harrah's casino'. The Tribune. Greeley, CO. AP. Retrieved 2012-05-23.[permanent dead link]
- ^Perez, Mary (January 13, 2011). 'New Margaritaville in the works'. The Sun Herald. Gulfport, MS: via NewsBank. Retrieved 2012-05-23.(subscription required)
- ^'Casino on hold at least a month'Archived 2011-03-22 at the Wayback Machine, Sun Herald, March 22, 2011
- ^Buffett gets okay to open Margaritaville in Biloxi, retrieved 2011-04-07
- ^Perez, Mary (May 22, 2012). 'Margaritaville Biloxi opens with a concert heard 'round the country'. The Sun Herald. Gulfport, MS. Archived from the original on May 25, 2012. Retrieved 2012-05-23.
- ^Mary Perez (July 21, 2014). 'Margaritaville Casino to close'. The Sun Herald. Biloxi, MS. Archived from the original on July 23, 2014. Retrieved 2014-07-21.
- ^Mary Perez (September 16, 2014). 'Margaritaville Casino Biloxi closes Monday, files for bankruptcy Tuesday'. The Sun Herald. Biloxi, MS. Archived from the original on September 18, 2014. Retrieved 2014-09-18.
- ^Mary Perez (October 7, 2015). 'Piece of paradise: Former Margaritaville Casino for sale'. The Sun Herald. Biloxi, MS. Retrieved 2019-03-27.
- ^Mary Perez (March 22, 2019). ''Nothing's going to be the same.' A $200M plan for former Margaritaville site in East Biloxi'. The Sun Herald. Biloxi, MS. Retrieved 2019-03-27.
Margaritaville Casino Nj
Coordinates: 30°24′06″N88°51′35″W / 30.40167°N 88.85972°W
| Margaritaville Resort Casino | |
|---|---|
| Location | Bossier City, Louisiana |
| Address | 777 Margaritaville Way |
| Opening date | June 13, 2013 |
| Total gaming space | 26,500 square feet (2,460 m2) |
| Casino type | Riverboat |
| Owner | Vici Properties |
| Operating license holder | Penn National Gaming |
| Coordinates | 32°30′56″N93°44′13″W / 32.515438°N 93.737054°WCoordinates: 32°30′56″N93°44′13″W / 32.515438°N 93.737054°W |
| Website | www.margaritavillebossiercity.com |
Margaritaville Resort Casino is a casino hotel in Bossier City, Louisiana. It is owned by Vici Properties and operated by Penn National Gaming, and uses its name under license from Jimmy Buffett's Margaritaville.
The casino has 26,500 square feet (2,460 m2) of gaming space with 1,200 slot machines and 50 table games.[1][2][3] The hotel has 395 rooms in an 18-story tower.[4][5]
History[edit]
Plans for the casino were first revealed in June 2011, when Isle of Capri Casinos announced an option agreement to sell one of its two riverboats in Lake Charles, along with the accompanying casino license, to developers who planned to move the license to Bossier City as part of a $170-million resort project.[6] The developers were Paul Alanis (owner of the Silver Slipper Casino in Mississippi) and William Trotter (former co-owner of Evangeline Downs racetrack and casino).[7][8][9] Alanis gave more details about the planned resort later that month, including that it would be affiliated with Jimmy Buffett's Margaritaville brand.[8]
Voters in Bossier Parish approved the casino in a November 2011 election.[10] In February 2012, the developers completed their purchase of the Isle of Capri boat and license for $15 million, and construction began, with a Tutor Perini subsidiary as the general contractor.[11][12][13] The casino was built as a barge floating in a pool with 2 feet (0.6 m) of water pumped in from the Red River, to comply with Louisiana's riverboat casino law.[14] The project ultimately cost $205 million to develop.[5]
The casino opened for a one-day preview event on June 13, 2013, and then opened permanently two days later.[15][16]
In 2016, the Poarch Band of Creek Indians agreed to purchase the resort, which they planned to rename under their 'Wind Creek' casino brand.[17] The sale was canceled, however, because of a dispute between the owners and Margaritaville Holdings regarding payments for the Margaritaville name.[18]
In 2019, Vici Properties bought the land and buildings for $261 million, while Penn National Gaming purchased the property's operating business for $115 million and leased it from Vici for $23 million per year.[19][20]
Flamingo Margaritaville Casino
References[edit]
- ^'Penn National Gaming completes acquisition of Margaritaville Resort Casino operations' (Press release). Penn National Gaming. January 2, 2019. Retrieved 2019-01-19 – via BusinessWire.
- ^'Slots'. Margaritaville Resort Casino. Retrieved 2019-01-19.
- ^'Table Games'. Margaritaville Resort Casino. Retrieved 2019-01-19.
- ^'Stay'. Margaritaville Resort Casino. Retrieved 2019-01-19.
- ^ abCourtney Heppe (June 10, 2013). '$205 million Bossier City casino set to open doors'. Red River Radio. Retrieved 2019-01-19.
- ^'Isle of Capri entertains option to sell one of its riverboats'. KPLC-TV. June 15, 2011. Retrieved 2019-01-19.
- ^Mike Hasten (August 19, 2011). 'Margaritaville Casino OK'd'. The Times. Shreveport, LA – via Newspapers.com.
- ^ abJeffery Loftin (June 23, 2011). 'New casino on track'. Bossier Press-Tribune – via NewsBank.
- ^Amanda McElfresh (June 23, 2011). 'Local firm approved for casino property'. The Daily Advertiser. Lafayette, LA – via Newspapers.com.
- ^'Isle of Capri's Crown Casino moving after measure approved in Bossier City'. American Press. Lake Charles, LA. November 19, 2011 – via NewsBank.
- ^'Isle of Capri sells Lake Charles riverboat to Bossier City group'. The Times-Picayune. New Orleans, LA. AP. February 10, 2012. Retrieved 2019-01-19.
- ^Amanda Crane (February 29, 2012). 'Margaritaville on its way'. Bossier Press-Tribune – via NewsBank.
- ^'Margaritaville Resort Casino selects a Tutor Perini Corporation subsidiary as general contractor' (Press release). Tutor Perini Corporation. February 22, 2012 – via NewsBank.
- ^Mike Hasten (June 13, 2013). 'Changes in latitudes: Margaritaville Casino gets clearance to open'. The Daily Advertiser. Lafayette, LA – via Newspapers.com.
- ^'Ready to roll (the dice)'. Bossier Press-Tribune. June 14, 2013 – via NewsBank.
- ^Carolyn Roy (June 12, 2013). 'Margaritaville to open for 'sneak peek' on Thursday'. KSLA-TV. Retrieved 2019-01-19.
- ^Brad Harper (June 27, 2016). 'Alabama tribe strikes deal to buy Margaritaville casino'. The Times. Shreveport, LA. Retrieved 2016-06-27.
- ^Vickie Welborn (April 24, 2017). 'Margaritaville Casino ends merger with Alabama Indian tribe'. KTBS-TV. Retrieved 2017-10-19.
- ^Sarah Crawford (June 19, 2018). 'Margaritaville Resort Casino sale is announced'. Shreveport Times. Retrieved 2018-06-19.
- ^Stacy Wescoe (January 3, 2019). 'Penn National acquires Louisiana casino operations'. Lehigh Valley Business. Retrieved 2019-01-13.