Three Groups Seek Mississippi Deal

As reported by the Jackson Clarion-Ledger: "Three groups, including two North Dakota American Indian tribes, plan to seek gaming licenses to operate casinos as part of the proposed $1.9 billion Myriad World Resorts in Tunica.

"Myriad World Entertainment & Resorts has won recognition for its ambitious plans that call for developing a casino resort featuring a climate-controlled, fully enclosed, 18-hole, covered golf course and botanical gardens.

"High Plains Equity LLC, the Turtle Mountain Band of Chippewa Indians based in Rolette County, N.D., and the Fort Berthold Indian Reservation in North Dakota have each published a notice in The Tunica Times weekly newspaper that they plan to seek a gaming license, said Larry Gregory, executive director of the Mississippi Gaming Commission.

"…Myriad has an agreement with the three groups for the sale of three separate casino parcels within its 540-acre development and plans to close on the sales on June 1, 2007, according to information on its Web site. Myriad would receive 4 percent of gross gaming revenues each casino reports to the Gaming Commission, according to information on the Website.

"…The developers told the Mississippi Gaming Commission in March that they would like the resort to eventually include six casinos in addition to the one they hold a license to operate…"

2006-07-06