Beau Rivage (Mississippi)

Last updated
Beau Rivage
Beau Rivage (Mississippi) Logo.png
This is a photo of the beach side of Biloxi, MS casino Beau Rivage 2014-04-19 18-40.jpg
Location Biloxi, Mississippi
Address 875 Beach Blvd
Opening dateMarch 15, 1999;24 years ago (March 15, 1999)
Theme Waterfront
No. of rooms1,740
Total gaming space72,000 sq ft (6,700 m2)
Signature attractionsBet MGM
Notable restaurantsBR Prime Steakhouse
Jia
Stalla
Terrace Café
Roasted Bean
Casino type Dockside
Owner Vici Properties
Operating license holder MGM Resorts International
Renovated in2006
Website beaurivage.com

Beau Rivage is a waterfront casino resort in Biloxi, Mississippi, USA. It is owned by Vici Properties and operated by MGM Resorts International. The Beau Rivage hotel is the tallest building in Mississippi. The term 'Beau Rivage' is French for 'beautiful shore'; the original, well-known hotels of that name are the Beau-Rivage Geneva and Beau-Rivage Palace, both in Francophone Switzerland.

Contents

History

The land entrance side of the Beau Rivage, as seen pre-Katrina in 2002 BeauRivage2002.jpg
The land entrance side of the Beau Rivage, as seen pre-Katrina in 2002

The name of Beau Rivage was originally meant for the Bellagio casino resort on the Las Vegas Strip, however, developer Steve Wynn of Mirage Resorts changed Beau Rivage into Bellagio, and reserved this name for his new waterfront casino in Biloxi.

The Beau Rivage, with 1,740 rooms, opened in March 1999. At that time of its opening, it was the largest hotel/casino in the United States outside of Nevada. The casino was located on a series of floating barges as required by local law confining all casinos to mobile marine vessels at the time of the resort's construction. The hotel, restaurants, parking garage, and associated facilities were constructed on land. The height of the 29-floor hotel-casino is 346 ft (105 m).

Beau Rivage was seriously damaged by the 30 ft (9.1 m) storm surge caused by Hurricane Katrina on August 29, 2005, and was rebuilt by W.G. Yates & Sons Construction (the contractor that originally built it) and more than 50 subcontractors. Beau Rivage Resort & Casino re-opened its entire resort August 29, 2006 — the one-year anniversary of Hurricane Katrina. Although the hotel tower survived relatively unscathed, the casino barge was significantly damaged. Beau Rivage was one of the few still recognizable buildings remaining on Biloxi's coast.

In the weeks following Hurricane Katrina and in the wake of the catastrophic damage to the coast's casinos in the hurricane, the Mississippi state legislature changed its laws regarding the placement of casinos. Instead of having to be on barges on the water, casinos may now be built on land as long as they are within 800 feet (240 m) of the shore. [1]

In November 2006, the resort opened a new Tom Fazio-designed championship golf course named Fallen Oak.

In 2009 there were news reports that Beau Rivage's parent company MGM Mirage had hired investment firm Morgan Stanley to assist the company in finding possible buyers for the Biloxi property and its cousin the MGM Grand Detroit. The Beau Rivage and MGM Grand Detroit were considered to be MGM Mirage's top performing properties and if sold could fetch a total of $1–$2 billion which then would be used to lower MGM Mirage's debt load. [2] [3] In the event, no sale happened.[ citation needed ]

Ownership of the Beau Rivage, along with many other MGM properties, was transferred to MGM Growth Properties in 2016, while MGM Resorts continued to operate it under a lease agreement. [4] Vici Properties acquired MGM Growth, including the Beau Rivage, in 2022. [5]

See also

Related Research Articles

<span class="mw-page-title-main">Biloxi, Mississippi</span> City in Mississippi, United States

Biloxi is a city in Harrison County, Mississippi, United States. It lies on the Gulf Coast in southern Mississippi thirteen miles east of Gulfport along US-90. The adjacent cities are both designated as seats of Harrison County. The population of Biloxi was 49,449 at the 2020 census, making it the state's fourth-largest city. It is a principal city of the Gulfport–Biloxi metropolitan area, home to 416,259 residents in 2020. The area's first European settlers were French colonists.

<span class="mw-page-title-main">MGM Resorts International</span> Hotel and entertainment company

MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, Ohio, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM.

Mirage Resorts was an American company that owned and operated hotel-casinos. It was acquired by MGM Grand, Inc. in 2000, forming MGM Mirage.

<span class="mw-page-title-main">Bellagio (resort)</span> Luxury hotel and casino on the Las Vegas Strip

Bellagio is a resort, luxury hotel and casino on the Las Vegas Strip in Paradise, Nevada. It is owned by The Blackstone Group and operated by MGM Resorts International. Bellagio was conceived by casino owner Steve Wynn, and was built on the former site of the Dunes hotel-casino. Wynn's company, Mirage Resorts, purchased the Dunes in 1992. Plans were announced in 1994 to replace it with Beau Rivage, a French-themed resort. However, Wynn changed the project plans in 1995, instead theming it after the village of Bellagio, near Lake Como. The resort was designed by Jon Jerde. Construction began on November 1, 1995, with Marnell Corrao Associates as general contractor.

<span class="mw-page-title-main">Steve Wynn</span> American real estate magnate and Chinese agent

Stephen Alan Wynn is an American real estate developer and art collector. He was known for his involvement in the luxury casino and hotel industry, prior to being forced to step down. Early in his career he oversaw the construction and operation of several notable Las Vegas and Atlantic City hotels, including the Golden Nugget, the Golden Nugget Atlantic City, The Mirage, Treasure Island, the Bellagio, and Beau Rivage in Mississippi, and he played a pivotal role in the resurgence and expansion of the Las Vegas Strip in the 1990s. In 2000, Wynn sold his company, Mirage Resorts, to MGM Grand Inc., resulting in the formation of MGM Mirage. Wynn later took his company Wynn Resorts public in an initial public offering and was Wynn Resorts' CEO and Chairman of the Board until February 6, 2018, when he announced his resignation. He is a prominent donor to the Republican Party, and was the finance chair of the Republican National Committee from January 2017 to January 2018, when he resigned amid sexual misconduct allegations.

<span class="mw-page-title-main">Park MGM</span> Casino hotel resort in Las Vegas

The Park MGM, formerly Monte Carlo Resort and Casino, is a megaresort hotel and casino on the Las Vegas Strip in Paradise, Nevada, United States. The hotel, with a height of 360 ft (110 m), has 32 floors, including a 102,000-square-foot (9,500 m2) casino floor with 1,400 slot machines, 60 table games, and 15 poker tables. It is owned by Vici Properties and operated by MGM Resorts International. The hotel offers 2,992 guest rooms, including 259 luxury suites. The Monte Carlo was converted into Park MGM between late 2016 and 2018, with the upper floors being converted into a boutique hotel, NoMad Las Vegas.

<span class="mw-page-title-main">Borgata</span> Hotel and casino in Atlantic city

Borgata Hotel Casino & Spa is a hotel, casino, and spa in Atlantic City, New Jersey. It is owned by Vici Properties and operated by MGM Resorts International. The casino hotel features 2,798 rooms and is the largest hotel in New Jersey. Borgata opened in July 2003 and is the top-grossing casino in Atlantic City.

<span class="mw-page-title-main">Harrah's Gulf Coast</span>

Harrah's Gulf Coast is a casino and hotel in Biloxi, Mississippi, owned by Vici Properties and operated by Caesars Entertainment.

<span class="mw-page-title-main">MGM Grand Detroit</span>

The MGM Grand Detroit is one of three casino resort hotels in Detroit, Michigan, and one of four in the Detroit–Windsor area. It is owned by Vici Properties and operated by MGM Resorts International. The casino opened in its temporary location on July 29, 1999. The permanent, luxury resort hotel opened on October 3, 2007 with a grand event which included models and celebrities including Ashanti, Kid Rock, and fireworks. It is the first luxury casino resort hotel in a major metropolis outside Las Vegas.

The economic effects of Hurricane Katrina, which hit Louisiana, Florida, Texas and Mississippi in late August 2005, were far-reaching.

Gold Strike Tunica is a casino hotel in Tunica Resorts, Mississippi, 20 minutes south of Memphis, Tennessee. It is owned by Vici Properties and operated by Cherokee Nation Businesses.

<span class="mw-page-title-main">Hard Rock Hotel & Casino Biloxi</span>

The Hard Rock Hotel and Casino Biloxi is a casino and resort in Biloxi, Mississippi, United States. It is owned by Gaming and Leisure Properties and operated by Bally's Corporation, under franchise from Hard Rock International. It opened in 2007.

<span class="mw-page-title-main">Tunica Roadhouse Hotel</span>

The Tunica Roadhouse Hotel was a hotel and spa located in Tunica Resorts, Mississippi.

<span class="mw-page-title-main">President Casino Broadwater Resort</span> Former casino and resort in Mississippi

The President Casino Broadwater Resort was a combined casino and resort that was located in Biloxi, Mississippi. It was a fixture on the Mississippi Gulf Coast for over 60 years.

<span class="mw-page-title-main">Margaritaville Resort Biloxi</span> Building in Biloxi, Mississippi

Margaritaville Resort Biloxi is a resort hotel in Biloxi on the Mississippi Gulf Coast. It previously operated with a dockside casino as Casino Magic Biloxi Casino & Hotel, until it was severely damaged by Hurricane Katrina in 2005. The property has a 373-room hotel, located on 10.6 acres (4.3 ha) of land.

Corey Sanders has served as Chief Operating Officer of MGM Resorts International since June 2010. He oversees operations at the Company’s wholly owned properties, which in Nevada include Bellagio (resort), MGM Grand Las Vegas, Mandalay Bay,New York-New York Hotel and Casino,, Luxor Las Vegas, Excalibur Hotel and Casino. He also oversees Beau Rivage (Mississippi) in Biloxi,Mississippi, as well as MGM Grand Detroit and finally MGM National Harbor.

MGM Growth Properties LLC (MGP) was a real estate investment trust based in Summerlin South, Nevada, that invested in large-scale casino properties. The company had whole or majority ownership of 15 properties, all of which were operated by MGM Resorts International. The company leased the properties to MGM Resorts via triple-net leases. The company was acquired by Vici Properties in April 2022 for $17.2 billion.

Vici Properties Inc. is a real estate investment trust (REIT) specializing in casino properties, based in New York City. It was formed in 2017 as a spin-off from Caesars Entertainment Corporation as part of its bankruptcy reorganization. It owns 48 casinos, hotels, and racetracks and 4 golf courses around the United States and Canada.

References

  1. ↑ Mississippi Gaming Regulations (2013) Part 2, Chapter 1, Rule 1.4—Gaming Site Approval Retrieved 2013-08-01
  2. ↑ MGM Mirage Said to Hire Morgan Stanley to Evaluate Casino Bids Archived copy (bloomberg.com)
  3. ↑ With Casino Stocks, Traders Know When to Fold 'Em ( The Wall Street Journal )
  4. ↑ "MGM Growth Properties LLC announces closing of initial public offering and full exercise of underwriters' option to purchase additional shares" (Press release). MGM Growth Properties. April 25, 2016. Retrieved 2022-05-08– via PR Newswire.
  5. ↑ Eli Segall (May 2, 2022). "Casino landlord Vici closes $17B buyout of MGM Resorts spinoff". Las Vegas Review-Journal. Retrieved 2022-05-08.

30°23′33″N88°53′31″W / 30.392413°N 88.891915°W / 30.392413; -88.891915

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.