New Harrah's Casino in Biloxi - Major Announcement

Good news for the city of Biloxi, Mississippi. Harrah’s Entertainment Inc. has announced that it plans to build a new land-based casino in the area, thus further expanding their presence in the Mississippi Gulf Coast, which is still recovering from the massive damage caused by Hurricane Katrina in 2005.

"We will announce relatively soon a new project near our Grand facility, which we've been operating on a fairly limited scale since we were able to get it reopened after the storm," said Gary Loveman, Harrah's CEO.

Harrah’s Grand Biloxi Casino was one of many floating casinos in the Biloxi area which was effectively destroyed by one of the worst hurricanes in United States history. After a year of repairs, the casino part of the resort was relocated to land and opened in August of 2006.

Harrah’s is the top casino operator in the world, and they are in the process of a $17 billion buyout by 2 private equity firms. The Mississippi coast is the third-largest gambling venue in the United States behind Atlantic City and Las Vegas.

New Harrah's Casino in Biloxi - Major Announcement