Tuesday, February 8, 2011

Casino, Resort and French-Themed Village to Provide Major Boom to Mississippi Gulf Coast

 D’IBERVILLE, MS– A $450 million world-class casino, resort and French-themed retail and entertainment village is expected to create 2,000 jobs and infuse much-needed tax revenues into the historic waterfront City of D’Iberville, located along the Gulf Coast adjacent to Biloxi, one of the hardest hit by Hurricane Katrina and impacted by the BP Oil Spill.

 The 18-acre CanCan Casino Resort and the French Village (top left rendering)  will include a 60,000-square-foot casino with 1,800 slots, 46 table games, and 16 live poker-tables, along with flexible meeting space and a showroom; 90,000 square feet of retail including restaurants, night clubs, and shopping; 550 hotel rooms including a 300-room French-themed stand-alone hotel; and a freestanding wedding chapel, in this area, believed to be the first of its kind outside of Las Vegas.

 “We expect this project to serve as a catalyst for the revitalization of the D’Iberville-Biloxi area and the entire Gulf Coast region,” said George Toth (middle right photo), president and CEO of CanCan Development, LLC.

“The mix of unique entertainment, hospitality and cultural offerings will draw tourists from across the country and the world, adding to the city’s tax base and providing significant indirect revenues to businesses in the region.”

 Toth expects the CanCan Casino Resort & Spa and French Village to generate more than $260 million a year in gross revenue, providing a major boost to the local economy.

 Hurricane Katrina caused massive damage to the D’Iberville-Biloxi metropolitan area, destroying 90 percent of buildings along the coast, including many casinos.

In the five years since Hurricane Katrina hit, the hospitality industry is still rebuilding, reaching only 72 percent of its employment level from 2005. Tourism in the region was also adversely affected by the recent BP Deepwater Horizon oil disaster.

The CanCan Casino Resort & Spa and the French Village is the first ground-up casino, hotel, and retail development in the Biloxi area since Hurricane Katrina and will serve as a centerpiece to the revitalization effort in the Old Town Section of D’Iberville.

Along with entertainment, dining, gaming and lodging, the development will provide for the creation of live/work areas, green space, and retail and professional centers.

 The CanCan Casino Resort & Spa and the French Village is designed by internationally renowned architecture firm LEO A DALY, responsible for the Trump Taj Mahal, Atlantic City; The Orleans Hotel & Casino, Las Vegas; Casino Del Sol, Tucson, Ariz.; South Point Hotel, Casino and Spa, Las Vegas; and Suncoast Hotel & Casino, Las Vegas. Francis Xavier Dumont is the lead architect.

 With a groundbreaking planned for early 2011, the CanCan Casino Resort & Spa and the French Village is expected to open 16 months after the start of construction pending regulatory approval.

 Contact: Jennifer Little, VP, Rubenstein Public Relations, 212.843.8364

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