Scarlet Pearl & Hemingway Casino Both Miss Funding Deadlines

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Updated: 4/01/2014 6:34 pm
Developers of the Scarlet Pearl Casino in D'Iberville were unable to meet the 5 p.m. deadline Monday to close on the financing for the $250 million resort. Now, Gulfport is waiting on the verdict of Rotate Black's Hemingway Casino. That deadline was Tuesday. Monday, the Scarlet Pearl Casino project, headed by the Fine Point Group out of Las Vegas, missed its deadline to close on its funding, leaving the future of the casino project up in the air. The project may have to go back to square one of the review process with the Mississippi Gaming Commission. Tuesday, News 25 spoke with D'Iberville City Manager, Bobby Eleuterius, and he says that even though he has yet to speak to the developers, the city is still behind the project 100%.

Eleuterius says, “We still feel that these people have committed major bucks on this project, over 50 million dollars. They’re not gonna’ walk away from this project, so we feel very good about the fact that at some point, we're going to get this casino.” Eleuterius says the Scarlet Pearl project is important to the community. It will not only bring jobs to the area, but will also benefit the school district. Another casino project in Gulfport is also under the gun. The Rotate Black's Hemingway Casino project had until 5 p.m. Tuesday to secure its funding.

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