Casino Magic Biloxi Changes Hands

A big deal involving a Biloxi casino was annoucned today.  The Grand Casino's parent company, Harrah's, is buying Casino Magic Biloxi. Pinnacle Entertainment owns Casino Magic Also, as part of the deal, Pinnacle will acquire the two riverboat casino's and the hotel that Harrah's owns in Lake Charles.

In making the announcement, Harrah's president Anthony Sanfillippo said., "We believe in the long term potential of the Mississippi Gulf Coast. The site we are acquiring from Pinnacle will give us an even larger footprint in Biloxi."

Meanwhile, Harrah's will reopen the Grand this summer as a 35-thousand square foot casino.