Margaritaville Casino & Restaurant made an official announcement they will be closing their doors on or near September 19th. Unresolved dispute with landlords over financing for a new hotel and amenities is the major reason for the closing.
"Our hearts certainly go out to Margaritaville employees and their families," said Biloxi Chief Administrative Officer David Nichols, "and we're hopeful that the state's rapid response dislocated worker unit will be able to help these workers find new employment.
"Developments like this are not uncommon in the Mississippi gaming industry. We operate in a free-market system, and a number of factors come into play, including location, amenities, marketing, management and so forth. In the 20-plus years since gaming opened in Biloxi, we've seen a number of casinos come and go - Lady Luck, Gold Coast, Casino Magic, the President and the Biloxi Belle, to name a few - but the Biloxi casino market remains strong."
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