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

Artists Rendering of Margaritaville Casino in Biloxi

November 26th, 2008

Biloxipictures.com has an artist rendering of the Margaritaville Casino and Resort that is currently under construction in Biloxi, Mississippi:

The casino is expected to open in late 2010. Learn more about Buffett’s business empire here.

Tagged in Business Empire, Casinos

First look at Margaritaville Casino

May 30th, 2007

WLOX News has the first look at the Margaritaville Casino in Biloxi with three artists renderings.

Check them out here.

Tagged in Business Empire, In The News

Video of Margaritaville Casino announcement

May 19th, 2007

You can view a 30 minute video of the Margaritaville Casino announcement by following the link below. It includes Jimmy and Mac playing “It’s My Job” and “Margaritaville.”

Click to watch

Tagged in Business Empire, Videos

Margaritaville Casino coming to Biloxi

May 15th, 2007

Jimmy Buffett and Harrah’s Entertainment announced on Tuesday plans for Margaritaville Casino & Resort on the shores of Biloxi, Mississippi.

The Margaritaville project is expected to cost more than $700 million, representing the single largest investment in Mississippi since Hurricane Katrina, Harrah’s announced in a statement.

“I have always considered myself a “Gulf Coast kid,” Buffet said in a statement released by Harrah’s. “I was born there, grew up there and jumped on a stage for the first time there, before hitting the road. I have seen the world, traveled to distant shores, written a few songs and lived a few tall tales along the way, and now it is good to be coming back home.“

Margaritaville Casino & Resort will be developed on 46 acres of land south of U.S. 90 in Biloxi on the site formerly occupied by Grand Casino and Casino Magic. With a projected development start date of summer 2007, the Margaritaville Casino & Resort should be completed by spring 2010.