The foreclosure sale of the Grand Station Casino has been postponed indefinitely, Vicksburg city attorney Lee Thames said today.

The casino was expected to be sold today on the steps of the Warren County Courthouse to settle all or part of an unpaid $3 million debt that Bally Gaming Inc. said is owed by casino owner Delta Investments and Development.

Thames said Delta officials told Mayor Paul Winfield the sale was postponed to give both sides time to resolve the debt.

Winfield met with Delta officials Friday morning in an attempt to try to buy more time for casino owners to work out problems.

“No date for another sale has been set,” Thames said.

Bally filed with the Warren County Chancery Clerk’s Office for foreclosure on Feb. 29. Bally also filed a lawsuit filed on March 2 in U.S. District Court in Jackson to recover the money.

The postponement follows an announcement on March 15 by a New Orleans developer that he plans to buy the Grand Station Hotel.

Kenneth W. Bickford, president of Chappapeela Development Corp., a New Orleans development company, said he wants to develop the 117-room Grand Station Hotel into a luxury condominium hotel and marina resort.

The casino that currently is Grand Station was Harrah’s when it opened in November 1993. Harrah’s became Horizon in 2003, and its owner sold to Delta Investments in 2010.

Grand Station is Vicksburg’s only downtown casino and was the second to open.

Harrah’s sold the casino to Columbia Sussex Corp. of Fort Mitchell, Ky., in July 2003 for $28.6 million and renamed the casino Horizon. Tropicana Entertainment, which had been part of Columbia Sussex, took over Horizon operations and in 2007 agreed to sell the casino to Nevada Gold and Casinos for about $35 million, but Nevada Gold backed out of the deal, and Delta stepped in to buy the hotel and casino.