The casino representatives were unable to resolve a dispute with its landlords that was necessary to secure financing for a new hotel and other amenities.
Margaritaville made the announcement to its employees last week.
In a public statement, Biloxi Chief Administrative Officer David Nichols said, "Our hearts certainly go out to Margaritaville employees and their families, 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," concluded Nichols.
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