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BILOXI, Mississippi -- The former site of Casino Magic in Biloxi will. another property this year and doesn't want to impact that opening.
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casino magic biloxi property The Future of the Mississippi Gulf Coast Reporting from the Southern Gaming Conference on Biloxi's future.
Published: May 14, 2007 at 12:00AM I spent most of the past week down in Biloxi for the 14th annual Southern Gaming Summit.
After being held in Tunica last year, the Summit returned to Biloxi for the first time since Hurricane Katrina hit the Mississippi Gulf Coast nearly two years ago.
Unfortunately, there were so many article source going on at the Summit that I didn't get a chance to see everything that I wanted to see, so instead, we'll focus on the most important topic -- the future of the Mississippi Gulf Coast.
But first, a note on casino magic biloxi property present: Only seven of the nine casinos in Biloxi have returned to the market thus far and all but three -- MGM Mirage's NYSE:MGM Beau Rivage, the privately owned Imperial Palace, and Penn National's NASDAQ:PENN More info Biloxi -- are still operating temporary gaming facilities.
Even so, Biloxi mayor A.
Holloway says that the Biloxi casinos as a group have posted record revenues in six of the past seven months.
Meanwhile, according to the city of Biloxi's State of the City newsletter, the casino industry has put nearly 15,000 people back to work -- back to pre-Katrina levels.
The Mississippi Gulf Casino promotions Building a Tier One destination There's a silver lining to casino magic biloxi property impact of Katrina, and that is the opportunity to start with a clean slate, and a chance to maybe do things a little differently.
For example, rather than have the casino companies build floating barges in the water, the casinos along the coast are now allowed to build their casinos on land within 800 feet of the shoreline.
City planners may rethink the prudence of such things as putting gas stations on the beach.
Meanwhile, the vision of the future Mississippi Gulf Coast as a Tier One national destination is now stronger than ever before.
As stated in thethe ultimate goal is to make the Mississippi Coast a Tier One national destination to compete with Casino magic biloxi property and Las Vegas by 2010.
Stephen Richer, Executive Director of the Mississippi Gulf Coast Convention and Visitors Bureau, cited the four key objectives outlined in the report notes are mine : 1.
To drive tourism, the area needs more hotel rooms.
Prior to Katrina, there were approximately 17,500 hotel rooms along the Mississippi Coast.
Today, there are about 10,500 in operation.
According to Biloxi's State of the City learn more here, 70% of the major hotels are up and running, but only 25% of the smaller independent hotels are back in business.
Large casino projects such as Torguson Gaming Group's Bacaran Bay project and Harrah's NYSE:HET Grand Casino project will help.
However, Bob Kelly -- president of Innovation Project Development -- said during one of the conference sessions that there needs to be a 10-fold increase in non-gaming lodging see more that 11% to 12% of that should be of the condo-hotel type.
One potential limiting factor is a zoning requirement limiting population density to 30 people per acre.
The goal is to increase convention space from 248,000 square feet today to 600,000 square feet by 2010.
Torguson's Bacaran Bay project will include 60,000 to 70,000 square feet of convention space.
Increase air travel capacity.
The project will be complete in June, and will allow for an increase from 850,000 air passengers per year to 2.
The greater capacity will improve the area's draw as a national destination as opposed to casino magic biloxi property a regional destination.
As companies such as MGM, Las Vegas Sands NYSE:LVSand Wynn Resorts NASDAQ:WYNN have shown on the Las Vegas Strip -- and companies such as Station Casinos and Ameristar Casinos NASDAQ:ASCA have shown in the locals markets -- it's the non-gaming amenities and a complete package that separate a casino property from the competition.
The casino properties will continue to add more high-end dining options, go here clubs and bars, more retail, etc.
Torguson's Bacaran Bay, for example, will include a "doggie hotel" which may appeal to drive-in destination traffic, as well as a 40-lane bowling alley.
And outside of the casino properties, there will be more golf, fishing, museums, and shopping.
Labor issues While there appears to be no shortage of jobs in the rapidly growing Gulf Coast gaming market, there is apparently a click here of qualified labor in the market as new casinos emerge and existing casinos continue to expand.
And when the necessary quality of employee doesn't exist locally, a new casino either has to bring in talent from outside the market or steal from a competitor, which would still result in a casino having to fill a need.
Jeff Dahl, president and COO of Torguson Gaming Group, cited a pair of key issues in drawing labor from outside of the market.
The main problem is a lack of available housing in the market, with Katrina having claimed 6,000 of the 25,000 homes and businesses in Go here />The second concern would be education, as a new employee moving to the area would want to ensure a certain quality of education for his or her family.
Biloxi projects Thursday morning, Mayor A.
Holloway gave a quick rundown on Biloxi casino projects during the "Resort Development Update" session.
Harrah's CEO Gary Loveman had been quoted last month as saying that the company would make an announcement regarding the project sometime this month.
Hard Rock Casino magic biloxi property set for 7-7-07 opening, nearly two years after Katrina interrupted plans to open just days later.
The Hard Rock is located adjacent to the Beau Rivage.
Treasure Bay The casino used to be located on a pirate ship, which was destroyed by Click />Today, the property is operating with a mere 6,817 square feet of gaming space and 331 slots.
The property is working on a new casino with a projected opening around the same time as the Hard Rock.
The property will include over 600 suites and 534 condominiums, and will be a part of the Caillavet Street revitalization project.
Imperial Palace The IP was one of the first three casinos to return to the Biloxi market, reopening in December 2005.
The casino has acquired 25 acres around its site for future growth.
Bayview Casino Resort A new casino property to be located next to Boomtown on Back Bay that will include a 55,000 square foot casino and a 500-room hotel.
Boomtown Biloxi PENN Penn National's Boomtown has acquired 23 acres of land for use in an expansion https://montanabuys.com/casino/motor-city-casino-detroit-michigan-phone-number.html />The property currently does not include a hotel and, in fact, is the only casino in the market without one.
Palace Casino Along with the IP and Isle of Capri, Palace reopened in December 2005, though with limited capacity 26,260 square feet of gaming space, mactan resort and casino slots, and 14 table games.
The company also acquired land adjacent to the property for future expansion.
In Part II, we'll take a look at some of the hot products on display at casino magic biloxi property Southern Gaming Summit Expo.
Fool contributor owns shares of Ameristar Casinos.
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BILOXI, MS (AP) � Plans for a new resort and water park at the former Casino Magic on the beach in East Biloxi have been presented. is opening another property this year and doesn't want to take away from that opening.
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Answer 1 of 4: Does anyone know if they will rebuild the Magic Casino.. plans to build a mega casino resort at the former Biloxi Grand Casino property.

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