Financing on Mississippi casino project questioned

Dec 30, 2013 8:03 PM

Do the people planning a $112 million casino project in Gulfport, Mississippi, have the funds for the project? That is the question to be addressed this week at a meeting of the Mississippi Gaming Commission.

Rotate Black is the group proposing the casino to be built on private property next to Jones Park in Gulfport. The project was stalled earlier because of financing.

Developers were given until the end of the calendar year to show that they have the money so that they can proceed with the development.

If developers fail to show the financing, the project will have to add more features before they can build because of regulations that have been put in effect as of Jan. 1, 2014.

The new regulations, officials said, deal with the numbers and quality of hotel rooms, as well as certain amenities that will be required in the casino.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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