Casino news source: WAPT - http://www.wapt.com
Vicksburg Casino No Longer For Sale
POSTED: 10:04 am CDT August 24, 2007
UPDATED: 10:13 am CDT August 24, 2007
VICKSBURG, Miss. -- The "For Sale" sign is gone from the Rainbow Casino in Vicksburg.
Las Vegas-based Bally Technologies made the announcement Thursday.
Bally's announcement came less than three months after developments, including the opening of Rainbows new River View restaurant and the start of construction by developers of what will be a competing venue, Riverwalk Casino, just a few hundred feet away.
Riverwalk, being developed in part by former Rainbow developer John R. Barrett Jr. and managed by a Chicago-based consortium of investors, is scheduled to open by late 2008.
In October 2006, Bally said it would sell the 35,000-square-foot Rainbow, which is Vicksburg's southernmost casino. It was the last of the four now in business to open when it debuted in July 1994.
Vicksburg would be home to seven casinos if two others move off the drawing board and construction is completed.
Of the four operating, two have changed ownership this decade -- Harrahs to Horizon in 2003 and Isle of Capri to DiamondJacks in 2006. The fourth casino is the Ameristar. |
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