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Trump Entertainment Resorts, Inc. and Diamondhead Casino Corporation announced Monday that they intend to form a joint partnership to.


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Diamondhead Casino Corp. President Deborah Vitale confirmed to the Sun Herald the land was for sale and explained the company needs.


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The first issue that arose seemed a deal-killer. However, Katrina in remedied this issue. Wally Northway. Phase two could consist of condominiums and apartments while the third phase would bring a boardwalk. So, she decided to have a plan drawn up to forego this hurdle. Leave a Reply Cancel reply You must be logged in to post a comment.{/INSERTKEYS}{/PARAGRAPH} The company owned four underperforming casino ships in Florida. All were in debt, and all were cross-collateralized with the Diamondhead property. {PARAGRAPH}{INSERTKEYS}Louis near the community of Diamondhead in The property seemed ideal for a casino — two miles of waterfront property along bustling I What could go wrong? Vitale and DHCC are soldering on. Money, however, remained an issue. Tagged with: gaming leisure and hospitality real estate. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. But, Vitale said the firm is not in a rush. Vitale is adamant that she had no inkling of the master plan requirement that the commission set forth in October when she hired EDSA the prior month. That is why Vitale was brought on board in That still left the site problem. Previous: Got unwanted electronics at the office? The Bay of St. It would get the master plan in hand, submit it to the commission and continue to market the property. But, the company lacked the funding, so it began searching worldwide for a partner. Vitale said she learned of this not from the commission, but rather from a journalist. But that takes time, money and hard work. The master plan is still incomplete, but Vitale envisions a complex built in phases. In the mean time, DHCC almost lost the property. We are not going to do anything until everybody is happy with the master plan. Not surprisingly, environmentalists opposed this option and took their concerns to court. If those who read our content will help fund it, we can continue to bring you the very best in news and information. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than years. But, their concerns were a moot point. No longer required to build out in the bay, the project looked to be back on track. Phase one would consist of a casino, hotel, entertainment center, business conference center and European health spa. But, it looked recently as if time might have finally run out on the project. DHCC had to submit a master plan for review before an additional extension would be granted. On Oct. Pre-Hurricane Katrina state law required casinos on the Coast to draft a minimum of six feet of water. Please consider joining us as a valued member, or if you prefer, make a one-time contribution. To meet state law, the venue would have to be sited approximately 1, feet in the bay. Unfortunately, that deal did not materialize, though DHCC says the company remains interested. After all of this time, it would seem DHCC would be driving even harder to consummate a deal. Louis is relatively shallow. Post-storm, Mississippi law was amended to allow casino construction on the land. You must be logged in to post a comment. Next: ATK lands largest-ever commercial project.