Posted: Jul 21, 2014 7:49 PM by Michael Marsh
Updated: Jul 21, 2014 7:49 PM
Source: Associated Press
BILOXI, MISSISSIPPI- The Margaritaville Casino and Restaurant in Biloxi is closing on or before Sept. 19 and workers will be paid up to then.
Managers says the casino couldn't overcome and out-of-the-way location and lack of a hotel.
The owners had planned to invest $64 million to build a 250-room hot4el and overhaul the rest of the complex but couldn't resolve a dispute with a company that owns some of the land.
Margaritaville opened two years ago and is the newest of the 12 casinos along the Mississippi Gulf Coast. Eventually, 371 people will be out of jobs.