Friday, May 17 2013 11:04 PM EDT2013-05-18 03:04:19 GMT
It is the end of an era for one Biloxi elementary school. A long-time PE teacher is retiring at the end of the month. And when he leaves, so will a popular tradition he started three decades ago.More >>
It is the end of an era for one Biloxi elementary school. A long-time PE teacher is retiring at the end of the month. And when he leaves, so will a popular tradition he started at the school three decades ago. Thousands of students consider him the "coolest" teacher around.More >>
Monday, May 13 2013 12:24 PM EDT2013-05-13 16:24:04 GMT
MARION COUNTY, MS (WDAM) - A weekend-long drug raid left 22 individuals behind bars, and more arrests to come. According to Marion County Sheriff Berkley Hall, the drug raid is the result of severalMore >>
A weekend-long drug raid left 22 individuals behind bars, and more arrests to come.More >>
Friday, May 17 2013 5:11 PM EDT2013-05-17 21:11:29 GMT
In a WLOX News exclusive, former Biloxi Mayor Pete Halat says despite what people may think, he had no role in the 1987 murders of Vincent and Margaret Sherry.More >>
In a WLOX News exclusive, Pete Halat says despite what people may think, he had no role in the 1987 murders of Vincent and Margaret Sherry. "I can tell you that there isn't a word in the English language that I'm not intelligent enough to know," the former Biloxi mayor said, "that can more strongly deny that I was ever involved in anything to do with Vince and Margaret being hurt, and Vince and Margaret being killed."More >>
Friday, May 17 2013 2:43 PM EDT2013-05-17 18:43:04 GMT
Two bank robbery suspects are on the run in Moss Point. But, their get away car has been recovered. According to Moss Point police, the suspects entered the Hancock Bank on Hwy 613 just before 11:30More >>
Two bank robbery suspects are on the run in Moss Point. But, their get away car has been recovered. According to Moss Point police, the suspects entered the Hancock Bank on Hwy 613 just before 11:30 this morning wearing masks, holding guns an demanding money. More >>
BILOXI, MS (WLOX) -
Landry's Inc. got the signatures it needed today to buy the Isle Biloxi. The city of Biloxi signed leases with Landry's Thursday morning, and the Secretary of State was expected to approve a tidelands agreement before the end of the day. Those deals paved the way for Landry's to pay the Isle $45 million and take over the Point Cadet casino.
Landry's will eventually rename the property Golden Nugget Biloxi.
The buyer and seller closed on the deal today by completing the final order of business which involved signing a series of leases. Thursday's move opens the door for Landry's to start a $150 million renovation of the property and begin a new era in the gaming industry in east Biloxi.
With a unanimous vote, a special meeting of the Biloxi City Council paved the way for transfer of ownership of the Isle casino to Landry's Inc. The deal closes with Landry's assuming responsibility for a variety of leases on the property.
Jeff Cantwell is the senior vice president of development for Landry's.
"We needed to get one of our landlord's consent which is the city of Biloxi to the assignment of the leases," Cantwell said. "This is a step in the process. We'll be getting final approval from the state and later today our gaming licenses. The transaction closes today and then we'll be operating the Isle as Landry's. We'll start renovation early next year."
Now that the T's have been crossed and the I's dotted, Landry's will pick up the pace on an ambitious renovation. The $150 million makeover includes updating hotel rooms, creating new casino areas and adding other amenities including a variety of restaurants. The project is now on the fast track.
"We have a 14 month construction schedule. The project will be completed in 2014," said Cantwell. "We'll have the casino re-branded as the Golden Nugget by the summer of 2013."
Biloxi Mayor A.J. Holloway is thrilled over this deal being completed, and with the impending opening of the Golden Nugget.
"This is huge for Biloxi and the gaming industry in the state. We're very excited about what's happening here today," the mayor said.
Be the first to find out about breaking news! To sign up for email alerts from the WLOX Newsroom, just enter your email address below.
Your email address will never be shared with a third party and youMore >>