Margaritaville Casino Owners Seek Bankruptcy

NewsOK.com RSS - business, Daily Oklahoman: Business
Tue, 09/16/2014 - 2:55pm

JACKSON, Miss. (AP) — The owner of Biloxi's Margaritaville casino has filed for Chapter 11 bankruptcy protection Tuesday, only hours before a hearing where the landlord aimed to seize the property. The filing by MVB Holding LLC in U.S. Bankruptcy Court in Gulfport follows the casino's shutdown on Monday night. Don Dornan, a lawyer for landlord Clay Point LLC, said the company had planned to ask Harrison County Circuit Judge Michael Ward to give it control of the property in a Wednesday hearing.

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