30-second summary
- Casino owner proposes second casino along Mississippi’s Gulf Coast
- Expected to house 1,100 slot machines and 22 table games
- Will come with a 300-room hotel
Developers have put forward a proposal for a second casino on the Mississippi Gulf Coast. The application has been filed with the gambling regulator. The planned casino would lie just east of the existing Silver Slipper Casino in Lakeshore, Hancock County.
Proposal filed for second casino
Cure Land Co. of Lakeshore is reported to have filed an application with the Mississippi Gaming Commission at the beginning of March. The company is seeking approval for a casino site in Clermont Harbor, reports the Sun Herald.
According to the legal advertisement that was filed, the proposed casino would be built on a 98.5-acre property on South Beach Boulevard. It would consist of 1,100 slot machines with 22 tables games. A hotel with 300 rooms would accommodate the casino.
It’s thought that the casino will have a minimum of 40,000 square feet of gambling space. However, according to the report, the Gaming Commission requires all new casinos to have at least 50,000 square feet as well as a fine dining restaurant.
Cure Land Co. is also the landlord of the Silver Slipper Casino, which appears to be enjoying a boom to its business, particularly with sports betting. In June, it was reported that the state of Mississippi had jumped on the sports betting legalization train after Delaware and New Jersey. This followed the overturning of the federal ban by the Supreme Court in May 2018.
Lewis Fanger, chief financial officer of Silver Slipper’s parent company Full House Resorts, said: “It’s really firing on all cylinders right now. If you look at revenues, they’re up 20% for the quarter.”
John Ferrucci, general manager of Silver Slipper, noted that the company is also planning on building a second hotel tower. The addition will see a corridor connecting the two establishments, with the hotel housing a restaurant, convention center, and meeting rooms.
Meanwhile, elsewhere…
As sports betting is yet to be legalized in Louisiana, the Silver Slipper, which is the closest casino to New Orleans, appears to be benefiting sports fans in the state.
The same can’t be said elsewhere.
Yesterday, it was reported that a man from California was ordered to repay more than $90,000 (£68,500) to the New Jersey gambling regulator after he opened online accounts and gambled outside the state. Even though online sports betting is legal in New Jersey, it’s only available to those who are physically inside the state.
Due to the man’s willingness to cooperate and end the case, New Jersey permitted the man to keep $2,500 (£1,900) of the nearly $93,000 (£71,000).
It’s not known how he was able to get around the technology that prohibits out-of-state gamblers from gambling online in New Jersey.