Biloxi Gambling News
Developers in Biloxi, Mississippi, have proposed a $1.1 billion integrated resort casino on the grounds of the former President Casino Broadwater Resort that was destroyed by Hurricane Katrina in. BILOXI'S PREMIERE RESORT AND GAMING DESTINATION. We are currently developing the Foxwoods Resort Casino at Biloxi Pointe, a new $265 million premiere full-service destination resort casino to be located in the Back Bay area of Biloxi, MS on the site of the former Heinz plant. Biloxi is the only location of the three where casino gambling is permitted. Under Mississippi law, casinos must feature at least 300 hotel rooms, fine dining, and amenities that will attract new crowds to the market rather than just stealing customers from existing casinos.
Dec. 11—Thirteen years after a $1 billion casino resort was proposed on the former Tivoli Hotel site in East Biloxi, the developers are asking for tax incentives to entice investors to support a $700 million hotel, casino and conference center.
On Tuesday's Biloxi Council agenda is a proposal for the city to forgive 50% of the ad valorem tax on the new construction for five years and 10% of they city's share of the annual casino license fees for five years.
Harrison County supervisors also will be asked to approve the incentives.
Also at the 1:30 p.m. meeting Tuesday, the Biloxi Council will consider a tax increment financing (TIF) bond of up to $78 million to help pay for infrastructure improvements for the proposed Broadwater Casino in west Biloxi.
The Tivoli resort would be built on 30 acres owned by Biloxi Capital — a company led by Coast developer Danny Conwill — at the site that has been vacant since Hurricane Katrina 15 years ago.
Biloxi Capital proposes that the 1,300-room hotel, 100,000-square-foot conference center and regional retail would create about 3,000 jobs.
A year ago, the company proposed building an equal-sized 1,300-room hotel and 100,000 square feet of convention space for $400 million. The price tag grew to $600 million in January and now is proposed at $700 million.
The property on U.S. 90, purchased for more than $40 million in 2005 or 2006, is not an approved casino site.
In November 2019, Biloxi Capital advertised its intent to ask for site approval.
On Thursday, the state Supreme Court upheld the rulings from the Mississippi Gaming Commission and Harrison County court that RW Casino at U.S. 90 and Veteran's Avenue in Biloxi is not a legal site.
That site approval from the Gaming Commission is key to the development at the Tivoli site, said Biloxi Mayor Andrew 'FoFo' Gilich.
The casino project never went to the commission for site approval when it originally was proposed in 2007.
In June, the Biloxi Council approved a Mississippi tourism tax rebate for the proposed $1.2 billion Broadwater Casino.
Biloxi Gambling News
Dakia Global U-Ventures is partnering with Universal Music Group, the largest music company in the world, to build UMUSIC resorts in Biloxi, Atlanta and Orlando. The developer expect the venture to create 2,557 full-time and part-time jobs.
Biloxi Casino News Gulf Coast
Also proposed in East Biloxi, members of the rock band KISS are partnering to develop a new Rock & Brews casino. The $200 million casino would have a 300-room hotel, a fine dining restaurant, a 40,000-square-foot or larger casino and a parking garage, along with a unique amenity the Gaming Commission requires to grow the market.