Home | Business News | Browse by Publication | M | Mississippi Business Journal

Casino, condo development accelerates region's recovery.

Publication: Mississippi Business Journal
Publication Date: 24-APR-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Casino, condo development accelerates region's recovery.(Focus)

Article Excerpt
From devastation sometimes comes opportunity. And although no one asked for or wanted Hurricane Katrina, the massive amount of reinvestment in casino and related condo or condo-hotel projects on the Mississippi Gulf Coast is now estimated at $1 billion--with another $1 billion worth of projects waiting in the wings.

Larry Gregory, executive director of the Mississippi Gaming Commission, said interest in the Gulf Coast gaming market is contagious. "New developers and Wall Street are looking with a keen eye at the growth happening on the Coast," Gregory said.

Coast casino properties that have been able to reopen since the storm are doing a booming business. Three Biloxi casinos in January and February grossed more than 50% of the total amount for the previous 12 casinos during January and February of 2005.

"Preliminary reports for March 2006 indicate the Biloxi properties continue to rebound from Katrina," Gregory said. "Four thousand of the 15,000 casino employees are now back to work. Gaming square footage pre-Katrina was 673,583. With three...

Access Full Article, Compliments of Goliath

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Mississippi Business Journal
Maurice Joseph still finding happiness in work.(Real Estate), April 24, 2006
Geospatial tech about location, location, location, too.(Focus), April 24, 2006
Professional mold remediation vital after flooding: beware the fly-by-..., April 24, 2006
Heavy demand, short supply foster strong seller's market.(Real Estate), April 24, 2006
Ambitious Harbor Walk project sets target date of 2008.(FOCUS), April 24, 2006

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.