Hard Rock Biloxi Moves Closer to Rebuilding - Monday 24th of April 2006

BILOXI, Mississippi – As reported by the Clarion Ledger: "Hard Rock Casino & Hotel in Biloxi moved a step closer toward rebuilding Thursday when the Mississippi Gaming Commission approved a deal by a New York holding company to buy into the casino.

"The $235 million Hard Rock Casino & Hotel was three days away from opening when Hurricane Katrina severely damaged the casino barge and hotel on Aug. 29.

"'The casino was a total loss,' said Lawrence S. Hershfield, chief executive officer of Ranch Capital LLC, that in association with Leucadia National Corp. is acquiring an interest in the casino.

"…Leucadia, which is involved in manufacturing, health-care services, telecommunications, real estate, a winery and residual banking and lending activities, is buying ownership in the Hard Rock for $89 million and also will offer to buy $160 million in bond debt owed on the resort.

"The deal should close sometime within the next two weeks, said Scott Andress, a Jackson gaming lawyer for Hard Rock…"

Other news from around the same time

Sault Ste. Marie Receives Casino Cash - Monday 24th of April 2006

SAULT STE. MARIE, Ontario – As reported by the SOO News: "Sault Ste. Marie has received 344,906 d....


Wynn Rides High on Prospects - Monday 24th of April 2006

NEW YORK – As reported by Reuters:" At Wynn Resorts Ltd. it isn't just the casino patrons who are....


Portuguese Casino Revenues Up - Monday 24th of April 2006

PORTUGAL – As reported by the Macau Hub: "Revenue at Portuguese casinos rose by 10.6 percent in ....


UK Churches Protest Casino - Monday 24th of April 2006

UK – As reported by This is Local London News: "Three churches are joining forces to protest agai....


Paris Offered Chance to Win Back Car - Monday 24th of April 2006

GIBRALTAR – PartyPoker.com, theworld's largest online poker room, are offering Paris Hilton the....


Nautica Charity Poker Festivals Begin - Monday 24th of April 2006

CLEVELAND, Ohio – Next Thursday begins the first of24 Nautica Charity Poker Festivals designed ....


Bollywood Star Signs Online Site - Monday 24th of April 2006

NEW YORK – TeenPattiParty.com announced thatMahima Choudhury, a leading Bollywood actress, will....


Calder to Open April 25 - Monday 24th of April 2006

FLORIDA – As reported by the South Florida Business Journal: "Calder Race Course said it will ope....


Aztar Receives Revised Definitive Offer from Ameristar - Monday 24th of April 2006

PHOENIX, Arizona – Aztar Corporation (NYSE: AZR) today announced that on April 20, 2006, its Bo....


Riviera Announces CFO's Retirement - Monday 24th of April 2006

LAS VEGAS – Riviera Holdings Corporation (Amex: RIV) announced today that Mr. Duane Krohn, the ....