Word: biloxi
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...recovering at the gaming tables didn't look so good. Two days after the hurricane, St. P? flew along the Mississippi coastline, surveying the devastation. Casino barges had been tossed ashore like toys, wrecking everything in their path - historic landmarks, businesses and homes. Buildings on the eastern end of Biloxi known as The Point, an area where immigrant fishermen settled in early 20th century when the city was known as the seafood capital of the world, were leveled. St. P?'s biggest fear was that the casinos, approved by the Mississippi Legislature in 1992, would flee, taking millions of dollars...
...Within weeks of the shift ashore, new casino players like the Golden Nugget bought land in Biloxi for casino development. Harrah's Casino, owner of the destroyed Grand Casinos in Gulfport and Biloxi, sold its Gulfport location, moved everything to Biloxi and bought out a smaller casino for future expansion. And, the crown jewel of coast casinos - the huge Beau Rivage in Biloxi - announced a massive renovation beyond its Katrina damage. It plans to observe the one-year anniversary of the storm with a grand reopening to salute returning employees...
...million renovation of the Beau Rivage by parent company, MGM Mirage, brings the company's total investment in Biloxi to more than $1 billion, says Nourse. He also credits Mississippi's approval of land-based gaming for helping to green-light their future plans for the area. "Every one's crystal ball here is somewhat cloudy, but with each passing month it's getting a little clearer," says Nourse. "You are seeing more and more interest in Mississippi by the big gaming players. Ultimately, I think it will mean fewer actual casinos in number but larger and more luxurious properties...
...Already this month, three additional casinos have reopened their doors. The Grand Casino in Biloxi opened its 500-room hotel with a smaller version of a casino on its third floor. Definitely less lavish than its forerunner, the casino has its entrance on the third floor of the parking garage, but so many people flocked to the casino that patrons often waited up to an hour for their valet-parked cars. Three days after opening, few seats were available at slot machines, card tables or roulette wheels, and the line for the casino's popular buffet stretched well into...
...Local residents and business people are embracing the return of the casinos. More people died on Biloxi's Point during Katrina than at many other place in Mississippi as the storm leveled almost every building. Descendants of many of the early settlers banded together after the storm to sell large chunks of land in order to make more profitable deals with the gaming casinos...