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-Margaritaville Resort Casino Completes Financing.

Travel Business Review-February 14, 2012--Margaritaville Resort Casino Completes Financing(C)2012] ENPublishing -

Travel Business Review - 14 February 2012

Bossier Casino Venture LLC, a US-based company that owns the Margaritaville Resort Casino, in Bossier City, US, has announced the closing of project financing for the Margaritaville Resort Casino.

The company will be constructing the USD197m casino and hotel resort, to open in June 2013. The casino will feature a 30,000 square foot gaming floor, around 1,300 slot machines and 46 table games, as well as a bar. The hotel includes 396 guestrooms, a 900-seat entertainment venue, a spa and fitness centre, an outdoor pool deck and dining area, and four food and beverage outlets.

Paul Alanis, the company president and chief executive officer, said, 'We are excited to begin construction on our Margaritaville Resort Casino, which will combine the care-free, island lifestyle theme of Margaritaville with a 'Las Vegas' style gaming experience, and enable the Shreveport-Bossier City gaming market to experience major growth. Concurrently with the closing of the project financing, Bossier Casino Venture LLC exercised its option with Isle of Capri Casinos Inc, and acquired Grand Palais Riverboat Inc, including the gaming license held by that entity. The movement of the license to Bossier Parish has previously been approved by the Louisiana Gaming Control Board and the voters in Bossier Parish. Margaritaville will be the sixth casino in the Shreveport-Bossier City gaming market, and the first new facility in more than a decade.'

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Publication:Travel Business Review (TBR)
Date:Feb 14, 2012
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