Printer Friendly

MISSISSIPPI GAMING COMMISSION UNANIMOUSLY APPROVES LONE STAR CASINO CORPORATION'S BILOXI SITE

 HOUSTON, Sept. 28 /PRNewswire/ -- Lone Star Casino Corporation (NASDAQ: LONE) announced today that in a meeting in Jackson, Miss., the Mississippi Gaming Commission voted unanimously to approve the site for the company's proposed 60,000-square-foot complex on the Biloxi beach front.
 Roger W. Cope, company president, said, "This site approval, together with the recent site approval by the Biloxi City Council, will allow us to finalize our financing. We are still on schedule for a Spring opening of this gaming facility, subject to licensing approval."
 The site consists of 5.5 acres located on the historic Biloxi beach front. It includes 1.6 acres on the south side of U.S. 90, approximately one half mile east of the President Riverboat Casino, and an additional 3.9 acres on the north side at the same location. Both parcels are connected by an existing pedestrian walkway over U.S. 90 which is one of only two existing pedestrian walkways on the entire 27-mile Mississippi beach. Approximately 65 percent of all existing Mississippi Gulf Coast hotel space is located within one mile in either direction of the site.
 In addition to this property, the company also has agreed to acquire 250 acres of land on Bay St. Louis in Mississippi on which it plans to build a resort and gaming complex. Lone Star Casino also owns the majority interest in Papone's Palace Casino in Central City, Colo., 35 miles west of Denver.
 -0- 9/28/93
 /CONTACT: Holly Vaughan, director of investor relations, or M.E. Norman III, director of corporate finance of Lone Star Casino, 713-228-4633/
 (LONE)


CO: Lone Star Casino Corporation ST: Texas, Mississippi, Colorado IN: CNO SU:

LG-WB -- NY035 -- 6297 09/28/93 10:29 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 28, 1993
Words:287
Previous Article:TOYOTA INTRODUCES NEW U.S.-SOURCED DIAGNOSTIC EQUIPMENT
Next Article:TRITON ENERGY CORPORATION SETTLES ALL OUTSTANDING SHAREHOLDER LAWSUITS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters