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Harrah's, Buffett Unveil $700M Gulf Coast Resort

BILOXI, MS-The 378-room Casino Magic Biloxi will expanded by 420 rooms. The first phase includes a 100,000-sf casino and 250,000 sf of retail.

By Amy Wolff Sorter | Updated on May 15, 2007

BILOXI, MS-Harrah’s Entertainment Inc. is ready to press forward on its next project, the 46-acre Margaritaville Casino & Resort. The $700-million first phase, which will involve revamping the vacant 378-room Casino Magic Biloxi, will begin in the summer.

Harrah’s, teaming with Jimmy Buffett, has penciled summer 2010 for the grand opening. Harrah’s obtained the property at 195 Beach Blvd. in a property and license swap last summer with Pinnacle Entertainment Inc. A spokesman for the Las Vegas-based Harrah’s says the project will include renovation of the existing hotel rooms and an addition of 420 rooms.

The first phase will include a 100,000-sf casino, full-service spa and 66,000 sf of meeting space. Harrah’s is partnering as well with Simon Property Group Inc. to develop 250,000 sf of retail space on the site as well. The Indianapolis-based developer plans to bring a similar concept as its Forum Shops at Caesar’s Palace in Las Vegas to Biloxi.

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