JACKSON, Miss. – Company officials say Mississippi’s Margaritaville Casino & Restaurant will close on or before Sept. 19.
Margaritaville said in Monday’s announcement that it will pay employees up to Sept. 19. The company reported 359 employees to the Mississippi Gaming Commission at the end of March.
Managers say the casino in Biloxi couldn’t overcome an out-of-the-way location and lack of a hotel.
Owners had planned to add $64 million to build a hotel and overhaul the rest of the casino, but chose this route instead. Managers say current owners seek to sell the property, and new owners could reopen it.
The casino opened in May 2012 and is the newest of 12 along Mississippi’s Gulf Coast. Another investor group has started work on the Scarlet Pearl casino in D’Iberville.