August 22, 2005

Competition Breeds Added Benefits

22 August 2005

BILOXI, Mississippi – As reported by the Biloxi Sun Herald: “After six years of relative stability, the Coast casino market is entering a new era of expansion and increased competition.

“The soon-to-open Hard Rock Biloxi will lure gamblers from existing properties. Other new casino projects, such as Bacaran Bay and Silver Slipper, are moving forward. The world’s three largest casino companies, formed through corporate mergers this year, are also in a position to heat up the market.

“…During the last wave of casino expansion, which occurred in 1999 with the opening of Beau Rivage and Imperial Palace, only one casino closed. This time around, one Biloxi casino, the President, is already destined for closure. By year’s end, Biloxi will have the same number of casinos – nine – as it did before the opening of Hard Rock.

“…Daniel Davila keeps close tabs on the Coast as an analyst on leisure and entertainment companies for the investment firm Sterne, Agee & Leach Inc.

“…The introduction of beachfront condominiums, the expansion of the airport and the quality of the casino developments are all positive factors, said Davila…”

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