$48M in Building Permits Filed For Repair of Gulf Coast Casinos

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A recently published report revealed the severity of the damage caused by Hurricane Zeta to Biloxi casinos.

The city of Biloxi has issued several permits to repair the damages caused by the October storm. These repairs include exterior damages to buildings, electrical and plumbing systems, and damages to parking garages that were flooded during the storm.

Most of the casinos in the area were closed during the storm. Some were closed for several days until power was restored. The casinos have since reopened but some have been undergoing repair while continuing to serve their patrons.

Damage in the Gulf Coast

Mississippi has a total of 26 casinos and 12 of these are in the Gulf Coast, including eight in Biloxi. Of the eight Biloxi casinos, four have contracted the Mississippi based Yates Construction to do fix damages caused by Hurricane Zeta.

According to the Biloxi Sun Herald, Yates has filed building permits totalling $48M to repair damages suffered by the said Biloxi casinos. The permits were issued for repairs to Beau Rivage Casino and Resort ($20M), Hard Rock Hotel and Casino ($20M), IP Resort Casino and Spa ($5M), and Harrah’s Gulf Coast Hotel and Casino ($3M).

Record Breaking Hurricane Season

Hurricane Zeta landed in the early morning of October 28 South of New Orleans, near Cocodrie, Louisiana. With winds stronger than 100 mph, the storm battered the Crescent City, killing six people before moving east to Mississippi and beyond. Zeta was one of the five storms to hit Louisiana during this year’s hurricane season. It caused significant damage to the four casino mentioned earlier.

The 2020 Atlantic Hurricane season has produced 30 named hurricanes so far and is one for the record books. Storms Ion, Delta, and Eta had winds that intensified by 100 mph in three or fewer hours. According to experts, that has happened only once in the last 169 years. The hurricane season ends on November 30 but that doesn’t mean that there won’t be any major storms after that.

Universal Music Group To Put Up Casino Resort in Biloxi

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The coastal city of Biloxi in Mississippi will be one of three sites to launch al music-based experiential hotel.

The $1.2B BIloxi resort will boast a 1000-room luxury hotel, a casino, and a large performance venue.The project, which is expected to create more than 2,500 jobs in the area, will “seamlessly integrate a stunning performance venue and a luxury hotel with an immense architectural style.

Said Mississippi Gov. Tate Reese:

“We are excited to welcome this new property to Mississippi! The gaming industry has provided countless opportunities for good work in our state, and brought in a tremendous amount of revenue. It attracts visitors from all over the globe. Universal Music Group is a natural fit, considering the rich musical legacy of Mississippi and Biloxi in particular. This will be a great partnership that will provide a lot of fun and economic growth for the people of Mississippi.”

Collaboration Between Universal and Dakia

Renderings of the planned Biloxi casino resort show a waterfront venue that looks to compete with the Beau Rivage Casino, Resort and Spa, at leas in scale. The design includes a concert hall which is larger than that of the Beau Rivage, Hard Rock Biloxi, and other Biloxi casino properties.

The Biloxi casino project is a collaboration between the Universal Music Group and Dakia U-Ventures. Universal will take care of the music part while Dakia is going to build a resort experience around it. Meanwhile, the property will be managed by the Pyramid Management Group.

The Old Bridgewater Resort

The Biloxi hotel will be built on a 266 acre property that was once the President Casino Broadwater Resort. That property used to have a hotel, a marina, golf course, and later a casino. The owners closed resort and casino 2005, right before Hurricane Katrina struck and destroyed them. Last June, the Biloxi City Council approved a tourism tax incentive to redevelop the property.

Previous announcement on the new project revealed that the investors would rebuild all of Broadwater’s facilities along with a state-of-the-art musical experience. More details about the UMUSIC Hotel in Biloxi will be known on Thursday when the Universal Music Group holds a news conference. Aside from Biloxi UMUSIC Hotels will also be launched in Atlanta and Orlando.