March 12, 2008

Landry’s, the operator of the Golden Nugget brand, has purchased land in the Point Cadet area of Biloxi for this resort.

Source: http://www.gulfcoast.org/articles/index.cfm?action=View&ArticleID=714
Also of note is Landry’s Restaurants, which, fresh off its acquisition of the Golden Nugget hotel-casino properties in Las Vegas and Laughlin, Nev., is also looking to enter the Biloxi market, proposing to build a Golden Nugget branded property. The project could feature a 60,000-square-foot casino, 600 hotel rooms, a marina and an amusement park with a 150-foot-tall Ferris wheel and thrill rides. Jeff Cantrell, the company’s senior vice president of development, told reporters in November that Landry’s has a $400 million credit line that would enable the project’s development.

“We absolutely love the Biloxi area and the Gulf Coast, and we want to help in the rebuilding,” he said. “This was one of the main reasons we purchased the Golden Nugget brand. We think this casino concept would be a natural fit with the Biloxi market.”

Landry’s has sold property in Biloxi and will lease it for operations of a restaurant.

Golden Nugget is currently focusing on solving debt issues – Q1 2007 report http://www.landrysrestaurants.com/pdf/pressreleases/press_20070614.pdf

Landry’s asked for a deal on the land to enter the market and the city council said no.

There is no updated news since mid 2007

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