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Pearl River Resort Receives Approval to Negotiate New Financing(December 23, 2013)
Choctaw, MS (PRWEB) December 23, 2013
Pearl River Resort officials are pleased to announce that the Choctaw Resort has received approval from the Mississippi Band of Choctaw Indians Tribal Council to proceed with negotiations for refinancing of existing debt and the acquisition of new debt for casino renovations and exploration of growth opportunities.
Considering the current capital markets and the improved financial performance of the Resort since Chief Anderson took office, we see opportunity to fund our growth initiatives at favorable rates, said Holly Gagnon, President and CEO for Pearl River Resort. This money will allow us to provide an enhanced and more competitive guest experience at Pearl River Resort and give us the ability to pursue new areas for development.
As the Resort celebrates the success of Bok Homa Casino on its 3rd year Anniversary, Resort officials see possible opportunity to replicate the same growth strategy in the Carthage, Mississippi area. Just as Bok Homa Casino has provided enhanced Resort revenues as well as community benefits of increased employment, community partnership and other economic benefits from increased visitation, Resort officials anticipate that a similarly styled casino would also thrive in the Carthage, Mississippi area. Expanding into the Carthage/ Red Water community would allow the Resort to leverage its great highway access and its proximity to the greater Jackson market, said Gagnon.
For more information on Pearl River Resort, call 1.866.447.3275 or visit http://www.pearlriverresort.com.
ABOUT PEARL RIVER RESORT
Pearl River Resort is the Southern United States' first comprehensive luxury gaming resort. Pearl River Resorts portfolio of assets includes Silver Star Hotel & Casino, Golden Moon Hotel & Casino, Dancing Rabbit Golf Club, and Geyser Falls Water Theme Park located in Choctaw, Mississippi and Bok Homa Casino located in Sandersville, MS.
The Silver Star and Golden Moon Casinos feature two exciting hotel/casinos with approximately 2,400 slot machines, 59 table games, 1,074 hotel rooms, Philip Ms award-winning steakhouse, a sports bar and grill and a variety of other dining options, a full service spa, retail offerings and live entertainment. Also featured is Dancing Rabbit Golf Club with two championship golf courses and Geyser Falls Water Park. Bok Homa Casino is the latest addition to Pearl River Resort featuring over 750 slot machines and a quick-serve eatery.
Read the full story at http://www.prweb.com/releases/2013/12/prweb11444173.htm.