
Margaritaville Casino and Resort
As of late, the attention given to the casino industry in the United States has tended to focus on gaming capitals such as Las Vegas and Atlantic City. However, evidence the impact of the recession on the US casino market can be found in states across the country. A recent article by ABC news about the proposed Margaritaville Casino and Resort in Biloxi, Mississippi, indicates how, over the space of juist a few years, the casino industry has dramatically changed.
In 2007, a new joint venture between Harrah’s Entertainment and singer-songwriter Jimmy Buffett was announced. A casino resort, which would be themed around Buffett and named “Margaritaville” after the star’s 1977 smash hit, would open by spring 2010 in Biloxi. Since then, the casino industry has been ravaged by a global recession and it seems that the years of constant growth and new developments are a distant memory. In late 2008, after taking the project private, Harrah’s announced that they would “sideline” Margaritaville. Since then, the company has had to reassess its financial situation and has now announced that while it is “committed” to the project”, they “do not have a date for when construction will resume”.



