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CET/Harrah's Throws in Towel on new Biloxi Grand

Started by wpsteel66 on Monday, 7th May 2012 5:34 pm
Last response by vespajet 7th May 6:00pm

The "new and improved' Grand Biloxi by CET/Harrahs is now just a pipe dream. They decided not to continue on the construction they started and then stopped.

The city said a few months ago the old Casino Magic hotel tower is an eye-sore and CET/Harrahs have to do something about this structure since they bought this property. The plan was to expand and have a monster resort (plus have one less competitor).

But instead CET/Harrahs builds two Horseshoe Casinos in Ohio (Cleveland and Cinci).

I was looking forward to the new Grand Biloxi. I know the employees are not going to be happy about this. Everytime I visit this casino, this issue comes up in conversation with someone at the table.

http://www.sunherald.com/2012/05/02/3922195/caesars-writes-off-unfinished.html

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 vespajet responded on Monday, 7th May 2012

That whole project has been one failure after another. After Harrah's acquired the property, the plan was the turn it into a Horseshoe, but Hurricane Katrina ended that. Then the proposed Margaritaville resort died on the vine, and CET seems to favor their New Orleans property (Harrah's) over their Biloxi property. They sold off the Grand Casino Gulfport, which prior to Katrina was going to be rebranded as a Harrah's (similar to what they did with the Grand Casino in Tunica).

In the wake of CET selling the Harrah's in St. Louis to Penn National, I wonder if the Grand Casino and the adjacent Casino Magic property could be the next to be sold off.