The Mississippi Gaming Fee greenlit a gaming growth referred to as South Seashore On line casino & Resort on Thursday. The venture covers roughly 4 acres of land at 6081 S. Seashore Blvd. at St. Louis Bay.
The license was granted to Kirk D. Radner of Diamond Head and Russell Elliot of Bay St. Louis.radners LinkedIn In line with his profile, he’s the president of Kirk Ladner Excavating, a common contractor primarily based in Gulfport. Details about Elliott’s occupation was not instantly out there.
South Seashore On line casino has been authorised to characteristic a 40K gaming ground with 1.1K slot machines, 25 desk video games and 6 poker tables. This is because of Ladner and Elliott’s discover of their intention to use for a gaming license in a legally required native newspaper.
South Seashore On line casino can be constructed on land, however will stay inside 800 toes of the 19-year excessive water mark as outlined by the Mississippi Code. After Katrina, the state allowed riverboats to maneuver inland so long as the brand new recreation construction was inside 800 toes of the unique barge. New casinos should be inside 800 toes of the excessive water mark.
The state gaming fee at present has solely two members, Tom Gresham and Francis Lee, each of whom voted in favor of approval. (Kent Niccoe, CEO of Memorial Hospital in Gulfport, was nominated by Mississippi Gov. Tate Reeves to fill the emptiness left by Chairman Al Hopkins, who handed away earlier this 12 months. )
one small drawback
Radner and Elliott have but to safe funding. Ladner instructed his gaming commissioner that getting the positioning authorised first will ease the fundraising course of.
In 2004, Radner and Elliott utilized for a similar on line casino license on the identical location and with the identical identify. Nonetheless, they withdrew their utility within the second stage of the on line casino growth course of. At this stage, candidates should reveal that they’ve the funds to finish a licensed on line casino.
This isn’t an unusual drawback on the Mississippi Coast, with 12 casinos unfold throughout Hancock and Harrison counties, with a number of extra proposed in Biloxi, Lengthy Seashore and Diverville. Twice as many have been authorised, however the website’s greater than 20 authorised on line casino builders have did not safe funding since Hurricane Katrina devastated the area in 2005. .
Mississippi’s gaming business has not solely recovered from the pandemic, reaching $2.7 billion in gross recreation income (GGR) in 2021, making it the state’s greatest gaming win since 2008. Even rock legend KISS cannot get sufficient traders to revamp the previous Margaritaville On line casino into his $200 million rock and roll-themed gaming and leisure vacation spot referred to as Rock & Brews On line casino. was.
Actually, just one new firm was in a position to make the authorised on line casino idea a actuality. It was the Margaritaville On line casino overlooking Biloxi His Again His Bay, which has since closed.
Elliott and Radner ought to construct the South Coast On line casino & Resort by 2026.
