Published in State and Local Health Law Weekly, November 27th, 2008
On June 23, 2008, the Company signed a non-binding Letter of Intent with Casinos Austria International Holding, GMBH ("CAI") to form a joint venture partnership to develop, build and operate a destination casino resort at the Company's Diamondhead, Mississippi property. On September 22, 2008, the Company, at the request of CAI, extended the terms of the Letter of Intent through December 21, 2008. On November 4, 2008, CAI informed the Company that, although it still believes in the project and hopes to continue as soon as the economic situation improves...
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