Universal Music Group Announces $1.2B Resort in Mississippi

BILOXI, Miss. (AP) – A coastal Mississippi city will be among the first sites to launch a hotel and casino backed by a major global music corporation.

The $1.2 billion Biloxi resort is set to include a performance venue, luxury hotel and casino. The company, in partnership with the Dakia U-Ventures investment group, says it is also launching similar ventures in Atlanta and Orlando, Florida.

Biloxi’s city council in June approved a tourism tax incentive to redevelop the former site of the Broadwater Beach Hotel, marina and golf course.

That resort that closed in 2005 shortly before Hurricane Katrina destroyed it. The new project is estimated to create more than 2,500 jobs.

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10/12/2020 2:22:58 PM (GMT -5:00)