Fifth casino being proposed for downtown Vicksburg

Published 11:30 am Wednesday, October 8, 2014

A fifth casino for the Vicksburg gaming market is before the Mississippi Gaming Commission, one apparently planned in the spot where three other casinos have failed.

Portofino Resort LLC proposes to build a casino on shore at 1310 Mulberry St., the site of the former Harrah’s, Horizon and Grand Station casinos, according to legal notices and an application filed with state regulators. The Biloxi-based entity borrows its name from the hotel that opened in May next to the old casino site.

Details submitted to the state note a permanent structure on about 11.5 acres. The establishment will not make excursions into the Yazoo Diversion Canal, indicating developers intend to comply with state law passed after Hurricane Katrina in 2005 that allows casinos to be built up to 800 feet from water. A 30,000 square-foot dimension outlined in the application would put it in line with the previous three gaming venues that have operated near downtown Vicksburg.

Email newsletter signup

Sign up for The Vicksburg Post's free newsletters

Check which newsletters you would like to receive
  • Vicksburg News: Sent daily at 5 am
  • Vicksburg Sports: Sent daily at 10 am
  • Vicksburg Living: Sent on 15th of each month

Biloxi gaming industry attorney Michael F. Cavanaugh is listed as the group’s lead organizer and registered agent on corporate papers. Anthony Rabito, president and CEO of Metairie, La.-based First American Bankcard, a firm that supplies ATMs to the gaming industry, and Kenneth H. Lobell, a New Orleans-based businessman, are listed in legal ads as company officers. An email to Cavanaugh and Rabito and a call to Lobell were not immediately returned.

No agenda for the gaming commission’s next meeting Oct. 16 had been completed as of this week. The next step in the licensing process is having the site approved by the state gaming regulatory board, followed by a separate approval to proceed, MGC executive director Allen Godfrey said. The final moves involve having financing checked and approved by the commission.

Harrah’s operated at the site from gaming’s legalization in 1993 until 2003, when it sold its Vicksburg property to Columbia Sussex. Names on the casino and hotel changed to Horizon, a brand that lasted until fall 2010 when Tropicana Entertainment, which was part of Columbia Sussex and operated Horizon, went bankrupt and closed the casino. In 2011, the venue reopened as Grand Station. That incarnation lasted until March 2012 when it closed amid another bankruptcy.

The former casino vessel was auctioned for scrap metal in April 2013 and hauled away. Portofino Hotel operates in the same structure as the previous three casino hotels, an edifice owned by Vicksburg Hotel LLC, also based in Biloxi.

Vicksburg’s four casinos are Ameristar, Lady Luck, DiamondJacks and Riverwalk, the last of which opened in 2008.