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Landry's Buys Isle Of Capri Biloxi. Will Become Golden Nugget Biloxi

Last edit: vespajet on Monday, 5th March 2012 12:48 pm
Last response by wpsteel66 5th March 5:05pm

Landry's to expand Golden Nugget franchise in 2013

I was hoping they'd end up with something on the Gulf Coast, but I didn't expect them to be picking up the Isle Of Capri. I guess I may have to start heading down to Biloxi once the Isle Of Capri becomes the Golden Nugget.

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 wpsteel66 responded on Monday, 5th March 2012

IMHO, this is good news for Biloxi. The Isle (they shortened the name awhile back) is not all that exciting. Hopefully this change will make it more appealing.

But more importantly, maybe this new ownerships will make Caesars/Harrah's to get things moving at the Grand. The Nugget sits next door to the Grand, Margaritaville around the corner, and Boyd purchases IP down the street.

Also the Nugget and other changes may put a little competition pressure on MGM's Beau Rivage.

Until recently, the only Vegas connections in Biloxi were the Beau (MGM) and Grand (CET/Harrahs). Now Jimmy Buffet, Boyd, Landry's, and Penn National have a casino in both Biloxi and Vegas.

 vespajet replied on Monday, 5th March 2012

Caesars really does need to do something about the land originally slated to be a Margaritaville resort. Of course with the company being in the financial shape that it is, they probably cannot really do much about that plot anytime soon. About the only way they could make a statement on the Gulf Coast would be to announce a Caesars Palace Biloxi, as that would be the only way to prove that they are serious about being a player on the Mississippi Gulf Coast, where they are weak (They dominate Tunica.).

 wpsteel66 replied on Monday, 5th March 2012

I figured CET/Harrahs would rebrand the Grand Biloxi into a Horseshoe casino. Yeah, financing is a big issue to move on the Biloxi property. Then they go and 'build' 2 Horseshoes in Ohio.

CET/Harrahs do have 3 of the 9 casinos in Tunica. In fact, for a very short period of time, they technically owned 5 of the 9 casinos. But after Harrahs bought the old "Caesars" and then the Horseshoe, the MS Gaming Commission made them sell off a few properties. So they sold the Harrah's casino (now Resorts) and Bally's.