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Bad Sign for Margaritaville Casino in Biloxi

January 20th, 2010

The Margaritaville Casino and Resort project in Biloxi, Mississippi has been on hold since 2008 and it now appears that construction will not get under way again anytime soon:

The construction cranes are about to be taken down at the site of the stagnant Margaritaville project on Biloxi’s Casino Row.

Harrah’s executive John Payne called WLOX News Wednesday to let us know that over the next few weeks, the cranes would be disassembled. However, Payne emphasized that his company still intends to find new partners and complete the Margaritaville expansion.

Payne said the idle cranes cost Harrah’s $10,000 a month. Since they’re not being used, the company determined it would be more cost effective to remove them from the east Biloxi property.

The developers have been looking for partners since at least November of last year.

Unveiled in 2007, the original plans called for a $700 million resort with 798 rooms, a full-service spa, a pool/deck area with cabanas, bar and tropical landscaping, all on 46 acres of land south of U. S. Highway 90.

A plan to turn the Trump Marina Casino in Atlantic City into a Margaritaville-themed casino and hotel fell through in June of last year.

Tagged in Business Empire, Casinos, Margaritaville Casinos