Posted in the Gulfport Forum
#253 Aug 6, 2013
"It's not just a lousy casino, it's a state of confusion."
#254 Aug 6, 2013
The "two" of them?? are in the lawsuit?? That is a mess!!!
#255 Aug 7, 2013
Some of the employees have a pool going... We think that "Love Birds" will be fired soon because of the HUGE losses they continue to post each month (it's all over town). I'm betting they are out by Sept. 1st.
The one thing we know for sure is that the 2 people who were supposed to come in and save the day are bonifide failures!!! And so is the Mville Biloxi concept!!!!!!!!!!
That place is so broke they can't even afford anymore koolaid to drink! LOL
#256 Aug 21, 2013
Mouth of the South, aren't you a little irate person. You either lost your job or you must be working at another casino because anyone who dedicates so much time badmouthing must have some kind of vendetta going on. I heard today in the Sun Herald that there going to be breaking ground on a new hotel within the next 60 days. That doesn't sound incompetent to me, that sounds like more jobs which we need down here.
#257 Sep 6, 2013
I don't work in casinos. Never have and never will... But I know plenty of people who do. Even at that dump Margaritaville. There will be no hotel built! Ever!!! Mark my words. My friends tell me they are taking change out of their slot machines every couple of hours just to keep the lights on and the beer man paid! Keep reading that BS that Margaritaville is telling the public if you want, but it's better to just simply take a look at what they are actually doing... It's not a pretty picture!
#259 Jan 5, 2014
Today is 1/5/14 there hasn't been anything that looks like a ground breaking
yet. Your prediction of a ground breaking in 60 days
muspt have been just another bad joke.
who="BiloxiNative"]M outh of the South, aren't you a little irate person. You either lost your job or you must be working at another casino because anyone who dedicates so much time badmouthing must have some kind of vendetta going on. I heard today in the Sun Herald that there going to be breaking ground on a new hotel within the next 60 days. That doesn't sound incompetent to me, that sounds like more jobs which we need down here.
#260 Jan 5, 2014
The Sun Herald said they were going to begin building one "this year" so who knows. Maybe it will maybe it won't.
WHAT WON'T LAST is that they're building a Hemingway(the writer) themed casino with a huge hotel over by the Island View in Gulfport. And they're building one in D'Iberville. I THINK they're building another in Biloxi too. The problem? Revenues peaked in 07 & have fallen every yr save I think '12 but even then the jump was very small & still never got back to full capacity:
I dunno if people down here travel but Shreveport in Louisiana & multiple other cities in that state plus the Indian tribes have been expanding gaming through out the SE.
Who the hell wants to come here just to lose their paychecks or rent money while pretending like they have a shot @ that million....you gotta be nuts.
Gaming revenue will continue to decline as other states eat our 'territory' & as the economy deflates.
#261 Jan 13, 2014
If they build a hotel it will be the most stupid thing they could do from a business standpoint! I mean really... Why does anyone think a small hotel is going to save Margaritaville??? There are much nicer gaming facilities all over town and more coming! People just like nice upscale casino's. What's left of the geriatric Margaritaville cheeseburger crowd might enjoy listening to that Jimmy Buffett guitar pick'in sitt'in round the shack music for 5 straight hours but obviously the rest of the market is not lining up to get in that place!!!
Gaming is popping up all over the country (So a lot of people don't have to travel to have a upscale gambling experience.) Margaritaville just does not have anything attractive to offer...
#262 Jan 14, 2014
I agree. I think Jimmy woulda done himself a favor had he put one of his restaurants in an existing casino & maybe put a Margaritaville club or casino section inside the IP or something like that...
But its own casino?
#263 Feb 11, 2014
what's so special about Bilcxi!?
#264 Feb 12, 2014
That's what I keep telling the people from around here. I guess i'm lucky that my family comes from a different part of the country. We've "seen" Vegas or NYC & know there's a world outside of this region. Louisiana as of 2012 is now a bigger by total revenue -- gambling market than Mississippi.
Mississippi didn't really even do anything special with gaming. They just figured out "a trick" & worked it for 20 yrs. We got gaming in 1992 or 93 & have rode the wave since. Revenues peaked in this state in 2007 & have gone down every yr since because people in Florida & Atlanta go to Indian casinos now & people from Texas go to the casinos in Shreveport or Lake Charles, they don't have to come way the hell over here.
Another issue is that Katrina forced about 200k people away who used to come here & gamble who never returned. Most of the people who have moved into New Orleans since 2006 are latinos aka illegal aliens, who don't gamble.
The blacks & cajuns who used to live in NOLA were the bread and butter of the coast gaming market. We lost a huge portion of our gamblers when they moved them to Houston & Atlanta.
#265 Jul 3, 2014
HAHAHAHA! THEY'RE STILL IN BUSINESS AND IT'S 2014!!!!
YOU FOLKS ARE WAY TOO PESSIMISTIC!!!! YOUR MINDS NEED TO OPEN UP A BUNCH!
THE CASINO IS LOCATED AT OAK ST AND 5TH.
GOOGLE MAP IT!
AND YOUR HOTEL IS ON THE WAY!
#269 Jul 21, 2014
#271 Jul 22, 2014
Eating your words now I see:
Jimmy Buffett may be `Down Around Biloxi,' but Margaritaville casino won't be
BILOXI, Mississippi -- It's official. Sometime between now and Sept. 19, Jimmy Buffett's Margaritaville Biloxi Casino will be no more.
In a letter to employees released to the news media and in a midday press conference, Margaritaville officials announced the closure.
Margaritaville President & CEO Doug Shipley said the casino's inability to secure financing to build a "hotel and other amenities" were the keys behind the decision to close.
"MVB Holding, LLC has been actively working to resolve a dispute with its landlords and to secure financing to build a hotel and other amenities it believes would have enabled MBC to keep Margaritaville-Biloxi open," Shipley wrote. "Unfortunately, those efforts were not successful.
"As a result, the Board of Directors regrets to inform you that MVB will be closing on or before September 19, 2014. Once closed, the expected the closing of the entire MVB-Biloxi site to be permanent."
The letter also indicates the casino could close prior to Sept. 19, but employees would be paid through that date. The company reported 359 employees to the Mississippi Gaming Commission at the end of March.
Calls to Shipley are being redirected to Biloxi attorney Michael Cavanaugh, who said owners have had initial "conversations with potential investors and acquirers," but a requirement of any sale is a renegotiation of the lease with the the Hattiesburg company which owns the property, which Cavanaugh said is not willing to renegotiate.
"Our hearts go out to Margaritaville employees and their families," said Biloxi Chief Administrative officer David Nichols, "and we're hopeful that the state's rapid response dislocated worker unit will be able to help these workers find new employment."
The 371 employees were told of the closing during a meeting Monday morning. Many walked out of the casino afterwards with blank stares on their faces. Others stared at the paperwork they had been given.
A few said they had been instructed not to make any public comment, but one young man who said he was a steward for the casino said he was "shocked" by the announcement and "didn't see it coming."
Margaritaville opened in Biloxi on May 22, 2012, with a VIP performance by co-owner Jimmy Buffett. The 68,000 square foot casino was built on the former site of the East Harrison County Industrial Park at a cost of $48 million and featured 820 slots, 18 gaming tables two restaurants and an outdoor entertainment venue.
The casino was built through the partnership of 20-22 equity investors and a 20-year agreement was reached to use the Margaritaville brand.
In Dec. 2013, Shipley announced the casino would break ground on a 250-room hotel, with completion expected in the spring of 2015.
Owners of the casino had planned to add $64 million to build the hotel and overhaul the rest of the casino, but instead decided to close. Managers say current owners seek to sell the property and new owners could reopen it.
Sad, but necessary. WHO'S GONNA GAMBLE? Revenues fell by 10% last year! Who has money to play the slots? We have a shrinking market in terms of revenue & yet they're adding a new casino in D'Iberville & I hear a new one in Gulfport. Where does this end? The market is shrinking -- each new casino just cuts the market pie up that much smaller. After a certain period the smaller casinos go under because the pie shrinks & they can't get enough of it to stay afloat and keep their expenses paid. Sad.
#275 Jul 23, 2014
With a 12 foot wide road and hall downtown
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