Hemingway Casino Gulfport
In recently filed papers with the Securities and Exchange Commission, Rotate Black has indicated it is updating its development plan and evaluating financing options to build the Hemingway Resort and Casino in Gulfport, Mississippi, adjacent to the Gulfport Small Craft Harbor. “The Company’s primary focus is the development of a hotel and casino in Gulfport, Mississippi under a management agreement with Rotate Black MS, LLC, a Mississippi limited liability company,” the filing said.
The Hemingway casino in would offer a 50,000 square foot gaming floor, a 300-room hotel, a steakhouse, buffet and café, plus a boutique pool and spa and garage parking for 712 vehicles.
On April 1, Rotate Black missed the deadline to show the Gaming Commission it had financing to build a $130 million casino resort on a 9½-acre site at U.S. 90 and U.S. 49, adjacent to Jones Park. Rotate Black asked the commission for a 20-day extension, explaining it had financing in place but needed more time to complete the transaction. On April 2, in an SEC report, Rotate Black said it intended to move forward with the project, to be located “directly adjacent to the newly renovated Jones Park with its upgraded marina, pavilions, green space and art and entertainment facilities.”
On June 30, Rotate Black told the SEC its annual report and other financial documents would be filed late. Board members Dennis Piotrowski and William Thompson resigned effective August 28, but Piotrowski still is listed as executive vice president on the company website.
The man behind the Hemingway Casino project in Gulfport says his company has the money it needs to build a $130 million resort next to Jones Park. What John Paulson's group couldn't get was a 20. The Hemingway Resort & Casino Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from The Hemingway Resort & Casino, Hotel, Hwy 90 & Hwy 49, Gulfport, MS. Located only a few steps away from the white sand beaches of Gulfport, Florida, the 10,000 square foot Gulfport Casino Ballroom, overlooking the Boca Ciega Bay, is a historic landmark. It is one of the last of its type in America that is still operational.
Allen Godfrey, executive director of the Gaming Commission, said he has not been in contact with the company or anyone involved with Rotate Black in months. Chris Vignes, public information officer for Gulfport, said, “At this time we have not had any formal communication with Rotate Black.”
GULFPORT, Mississippi — Developers of a proposed casino at the Gulfport Harbor have failed to close on financing for the project by Tuesday's deadline.
Rotate Black MS LLC has site approval for the Hemingway Casino on a 9½-acre site in Gulfport near U.S. Highways 90 and 49. The proposed $112 million casino by the state Gaming Commission on Dec. 30, one day before the deadline for the project under the former guidelines.
Rotate Black officials said the resort would have been based on the life of Ernest Hemingway.
'A Hemingway or similar theme at the Gulfport Harbor is a viable project,' John Hairston, chairman of the Mississippi Gaming Commission, told The Sun Herald (http://bit.ly/1myyXFX ).
'I hope someone will step forward with the financial wherewithal to build a casino resort at this excellent site. The bulk of the work is already done and could easily be augmented to put forth a project compliant with the new regulations,' he said.'
To meet the new guidelines, the casino floor would have to be increased by 5,000 square feet to 40,000 square feet and 95 hotel rooms would have to be added to comply with the 300-room requirement.
Property broker Lenny Sawyer of Sawyer Real Estate is not giving up.
'Gulfport's got a great gaming site,' he said. 'It's still a great site and I just believe something will come about.'
Gulfport Mayor Billy Hewes said part of the deal for Rotate Black to move forward was paying off millions in debts to local vendors — including the city — when financing came through. The Gaming Commission, he said, was emphatic about that condition.
'There's a long list of folks these people owed money to,' Hewes said, including architects, engineers, contractors and landowners.
Copa Casino Gulfport
Hewes said the city will start marketing the property again.
Tuesday was the second straight day of missed deadlines for proposed casinos in South Mississippi.
On Monday, developers of the Scarlet Pearl Casino in D'Iberville missed a deadline for closing on the financing for a $250 million resort.
'I support the Scarlet Pearl project,' Hairston said. 'Should they get their funding lined up as they committed to before we gave the last extension, I would be glad to call a special meeting or put them on a regular meeting agenda.'
Information from: The Sun Herald, http://ift.tt/12vv2Uy