Treasure Bay Casino After Katrina

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Debris pile post-Katrina, NOLA at West End. Three-four storeys high from devastated homes along the Lake Front. Pictures cant do this justice, seeing it in .. Placing NFL sports bets on the Coast? Don’t bet on a Saints win in the preseason Contents

Two previous storms poked small holes in Treasure Bay's floating barge. Katrina's punch was so powerful, it smashed a large hole in the casino's superstructure, ..
Biloxi Casinos Before Katrina - YouTube
31 Aug 2015 .. Helicopter view of Biloxi, Mississippi after Hurricane Katrina. Treasure Bay Casino Ship pulled out of its permanent moorings then run aground.Mar 10, 2008 .. Hurricane Katrina pulverized the casinos on Mississippi's Gulf Coast, but .. BURNETT: Before the storm, most visitors to Biloxi remembered the ..
28 Nov 2008 - 6 min - Uploaded by Jose MRicharteSix months before and four months after Katrina hurricane. Grand Casino and hurricane eye ..Satellite images of Casino Row Biloxi, Mississippi, before and after ..
Biloxi casinos before and after katrinaA series of images showing damage to casinos in Louisiana and Mississippi caused by Hurricane Katrina in late August 2005. en.wikipedia.org/wiki/ ..

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Treasure Bay returns?

news about gambling / By Dave

As longtime readers know, my favorite casino in the world was probably the Treasure Bay in Biloxi. There’s nothing much cooler than a riverboat casino that actually looks like a pirate ship. It also had the coolest carpet ever: a treasure map. When I heard that the casino wasn’t insured, I feared that, after being ravaged by Hurricane Katrina, the Treasure Bay would become just a memory. But according to the LVRJ , the future is bright: Hurricane Katrina accomplished what three other storms couldn’t — sink the buccaneer-themed Treasure Bay casino.

But Bernie Burkholder, who opened the pirate ship-styled gambling barge in 1994, isn’t ready to walk the plank.

He vowed to open a land-based, albeit smaller, version of the Treasure Bay by June once he secures financing.

“Some of the money will come through insurance proceeds, as well as from savings and from selling what we can salvage,” said Burkholder, watching as construction crews demolished the Treasure Bay’s dockside facilities. “But the largest portion will come from borrowing.”

Fellow Gulf Coast casino operators openly expressed admiration for Burkholder. Privately, many cast doubt on his ability to obtain financing to bring back the Treasure Bay.

During its years of operation, the Treasure Bay was more of a photo opportunity for tourists than a Gulf Coast gaming leader.

Today, the site sits amid a section of the Mississippi coastline ravaged by Katrina’s 135 mph winds and 30-foot storm surge. Motels, restaurants and bars and souvenir shops that were neighbors to the casino lay in ruins. In the Treasure Bay parking lot, casino debris was strewn about. Discarded “Silver Crew” slot club cards were scattered in the sand.

Before Katrina hit, the Treasure Bay had 978 slot machines and 47 table games on a 41,000 square foot-barge built to resemble a Jolly Roger. In addition to restaurants, the Treasure Bay operated a small hotel across Highway 90.

All were damaged beyond repair by the hurricane on Aug. 29. The barge broke from its moorings and came to rest about 100 yards from its dock, dragging two of its four 60-inch concrete and metal-cased pylons.

Because it wasn’t part of a publicly traded company, it is unclear what Treasure Bay contributed to the Gulf Coast’s .2 billion in annual gaming revenue.

“We had more of a loss history than other properties,” said Burkholder, president and chief executive officer of the privately held Treasure Bay LLC, which also operates three Caribbean Island casinos.

This casino will reopen, mateys

Treasure Bay Casino And Resort

The Treasure Bay reopening is good news, but I wonder what will happen to the original pirate ship?

In other news, I’m currently in Rolla, Missouri, getting ready to give a lecture on “A Brief History of Gambling.” I had a great discussion this morning with Prof. Larry Gragg’s history class–look for some pictures later in the week.

Here’s a travel advisory: for my third consecutive trip out of Nevada, it has rained. My trip to New Hampshire was heralded by flooding; in Portland it rained, and here in Missouri I saw an incredible downpour this morning. I don’t know what that means, but I’m glad that I brought a jacket.

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And so the booming industry began.

Before that, in the 23 years since Hurricane Camille in 1969, Biloxi had become “a tourist town without tourists.” The city was broke, said former Mayor A.J. Holloway, with no money to meet payroll or even fill a pothole. Casinos brought tourists, prosperity and jobs to the Coast.

President Casino opened in Biloxi two weeks after the Isle of Capri. The million, football-field size floating casino was owned by John Connelly, a colorful promoter who worked as a boxer, the Sun Herald noted. Connelly said he started building the boat months before dockside gambling was approved in Harrison County in March 1992, and without any definite plans on where it would dock.

Hurricanes were a threat to Mississippi’s casino industry right from the start. Just three weeks after opening, the Isle of Capri and President were closed Aug. 25 as Hurricane Andrew obliterated part of Florida and moved into the Gulf of Mexico. Biloxi Belle, the third casino to open on the Coast, debuted Aug. 28 — after the threat from the hurricane passed.

With Mississippi smack in the middle of the Bible Belt, some claimed the hurricane was a sign the state didn’t need casinos. But the numbers show people didn’t stay away. For the five months casinos were open in Mississippi in 1992, g ross casino revenue totaled 2 million. Expectations were for casinos to be a 0 million-a-year industry in the state, said Tim Hinkley with Isle of Capri.

The second year revenue was six times higher at 0 million. The third year, when the state started reporting revenue by region, Coast casino revenue alone reached 7 million. The Coast surpassed billion in 1999, the year Beau Rivage Resort & Casino opened, and was .26 billion last year.

Mississippi did it right, people in the industry say, and did so with Southern hospitality.

In honor of the anniversary, here are 25 memories from 25 years of casinos on the Coast:

1. Locals win big

Locals often say out-of-towners are the ones who win big, but two of the three largest jackpots in Coast history were won by locals. A Gulfport man hit the largest slot jackpot when he won .4 million playing the dollar Wheel of Fortune slot machine at Hard Rock Casino Biloxi in March 2009. In May 2003, an unemployed Mobile man won the second biggest jackpot of .8 million, which he hit at Isle of Capri while playing the Jeopardy quarter machine. Just two months earlier, in March 2003, a Gulfport couple won .8 million on Megabucks at Treasure Bay Casino. It was the largest Megabucks jackpot won outside Las Vegas at the time. In 25 years, players have won 11 jackpots of million or more at Coast casinos and 24 jackpots of million or more.

One of the most popular promotions ever at the Coast casinos was the million on display at Silver Slipper Casino. One lucky person took it home. PETE TATTERSALL Sun Herald File

More informationArts & LifeSubscriptions Casino Portomaso Malta Poker Gas station arsonist caught on camera in NYData Protection ChoicesThree Important Primary Races to Watch in TennesseeBeau Rivage Biloxi, Ms. DURING Hurricane Katrina Search

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8. Shunned by Vegas

Treasure Bay Casino After Katrina Harvey

When the casinos opened, it was Bernie Goldstein from Iowa who opened Isle of Capri, Marlin Torguson from Minnesota operating Casino Magic and Lyle Berman from Minnesota at the Grand Casinos who built up the industry. Las Vegas operators had little interest in the Coast in the beginning and instead invested in Tunica.

Jack Binion said in May, when he spoke at the Southern Gaming Summit in Biloxi, he wished he had chosen Biloxi for his Horseshoe Casino instead of the river counties. Larry Gregory, president of the Mississippi Gaming & Hospitality Association and former executive director of the Gaming Commission, said these men were visionaries.

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“They saw something that truthfully none of us saw — what could be,” he said.

Luckygm