Riding High: $1.1 Billion Casino Planned For Biloxi, Mississippi
Published July 6, 2020 by Sol FH
Biloxi, Mississippi is about to get another brick and mortar casino, and this one is massive.
Biloxi, Mississippi is home to ten brick and mortar casinos including the likes of the Hard Rock Hotel & Casino, the Golden Nugget, Beau Rivage Resort & Casino, and more. Fortunately for these major establishments, the doors opened to the public at the end of May, albeit with new COVID-19 restrictions.
Last week, Broadwater Development LLP, proposed a new $1.1 billion casino resort that is to be established at the former Broadwater Beach Resort site in Biloxi. This proposal is to be voted on by the Biloxi City Council today, June 15, 2020, and the developer says that it will create 2,557 full-time and part-time jobs.
The existing 266-acre property will be totally overhauled and the plans include a casino, golf course, hotel, spa, and many other amenities.
The project is being submitted as part of the Mississippi Incentive Program, which states that participants must plan for a hotel, an indoor or outdoor entertainment center, a marina, golf course, and the private investment of at least the $10 million, which is required for the tourism incentive, states the resolution.
This resort would become the most expensive ever built in Southern Mississippi. The most expensive to date is the Beau Rivage Resort & Casino which is estimated at $750 million to $800 million after Steve Wynn opened it in Biloxi in 1999.
Biloxi is a beautiful city in Mississippi and visitors will surely flock to this new resort.
On the Broadwater Development LLP website, it says, “For decades, the Broadwater Beach Resort was the epitome of luxuriousness, trendiness, and relaxation on the Mississippi Gulf Coast. From famous actors, actresses, politicians, and personalities to middle-class families, thousands flocked from across the country to put the Broadwater’s excellent reputation to the test.”
The hope is to take the name Biloxi and make it a household name. The state of Mississippi desperately needs all the revenue from tax dollars that it can and huge projects like this one is a good thing for all.
