The details of the $1.2B Gulf coast resort project of the Universal Music Group and Dakia Global U-Ventures were revealed during a press conference held on Thursday.
Dakia chairman Robert Lavia, Governor Tate Reeves, and Biloxi Mayor Fofo Gilich were also present in the event where the timeline and vision of the Biloxi casino report were disclosed to the public.
According to Gov. Reeves, the Biloxi casino resort is the kind of “bold project” that his state needs. It will boost the image of Mississippi and provide life-changing investment for its people.
Said Gov. Reeves:
“Getting a project like UMusic Broadwater means we can compete with anyone around the world. We need to set our sights as high as possible because we can compete, and we can win.”
New Details Emerge
For his part, Lavia revealed that the construction of the resort will begin next year and is expected to be completed in 2023. Lavia added that the hotel will have 1,500 hotel rooms, a 12,000-seat entertainment venue, an 18-hole golf course, music-themed decor, and celebrity restaurants. Construction is expected to generate 1,000 jobs and when it is completed, there will be 2,500 permanent jobs created.
According to Mayor Gilich, the UMUSIC Broadwater hotel and casino is expected to bring in more than two million visitors per year. Gilich added that the soaring glass music venue at the front and center of the hotel tower will be rated for 160 mph winds. He even joked that people from miles ways Ship Island would be able to watch concerts from its massive video board.
First Foray in Hospitality Industry
Earlier this week, the Universal Music Group announced that it will be building three hotels under what it called the UMUSIC brand. Universal chose Biloxi, Orlando and Atlanta as the areas where they will develop their first three hotels. The Biloxi project will be built on the 266 acre property that was once the Broadwater Resort, the gem of the Gulf Coast.
During a previous announcement, the Universal Music Group said that the Biloxi project will recreate the old Broadwater Resort by including a hotel, marina, golf course, and casino. In addition, the investors of the project said that they will also build a state-of-the-art musical experience as they aim to seamlessly integrate a stunning performance venue and a luxury hotel with immersive architectural design.
The Universal Music Group is one of the largest music company in the world. It has an impressive portfolio that includes Abbey Road Studios, Capitol Records, and Def Jam Recordings. Last year, it reported a revenue of $7.7B which was 20% higher than its 2018 figures.