Monday, June 12, 2006

Apprentice TV Show star to build new resort

ATLANTIC CITY, N.J. — Donald Trump's casino company and a Mississippi company announced Monday they intend to form a partnership to build a gambling resort on land recently zoned for casinos in Diamondhead, Miss.
The joint venture envisions construction on at least 40 acres of the 404-acre tract owned by a subsidiary of Diamondhead Casino Corp.

Casinos, once only allowed on water in Mississippi, can now be built on land within 800 feet of certain bodies of water under a law signed in October by Mississippi Gov. Haley Barbour. The change came after the state's casino industry was ravaged by Hurricane Katrina.
The 404-acre tract has two miles along Interstate Highway 10 and also two miles along the Bay of St. Louis, the companies said.
The location for the development has not yet been determined, said Deborah A. Vitale, president, CEO and chairwoman of Diamondhead,
"We want to place this casino such that it maximizes the gross revenues," Vitale said.
James B. Perry, president and CEO of Trump Entertainment Resorts Inc., of Atlantic City, said, "We are excited about the prospect of bringing the Trump brand to the Gulf Coast, and we hope to join private and public entities in redeveloping the region."
Trump Entertainment operates three casino hotels in Atlantic City. Donald Trump is the chairman and largest stockholder.


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