Broadwater Development
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Broadwater Development
Broadwater Development is a casino holding company that is privately owned by Roy Anderson III, owner of Roy Anderson Corporation construction company, W.C. "Cotton" Fore, president of Gulfport-based W.C. Fore Trucking Inc., and Miami-based Dezer Development Group. History On January 20, 2005, the company won a bid for the President Casino Broadwater Resort for $82 million in a bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ... action. Foxwoods Development abandoned plans to purchase of land from Broadwater for a casino on April 26, 2006. In June 2020, the company announced an agreement with Dakia Entertainment Hospitality to develop a $1.2 billion, 266-acre entertainment facility by summer 2023 in Biloxi, MI. References Gambling companies of the United States ...
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Casino
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports. and usage ''Casino'' is of Italian origin; the root means a house. The term ''casino'' may mean a small country villa, summerhouse, or social club. During the 19th century, ''casino'' came to include other public buildings where pleasurable activities took place; such edifices were usually built on the grounds of a larger Italian villa or palazzo, and were used to host civic town functions, including dancing, gambling, music listening, and sports. Examples in Italy include Villa Farnese and Villa Giulia, and in the US the Newport Casino in Newport, Rhode Island. In modern-day Italian, a is a brothel (also called , literally "closed house"), a mess (confusing situation), or a noisy ...
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Construction
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and comes from Latin ''constructio'' (from ''com-'' "together" and ''struere'' "to pile up") and Old French ''construction''. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The constructio ...
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Gulfport, Mississippi
Gulfport is the second-largest city in Mississippi after the state capital, Jackson. Along with Biloxi, Gulfport is the co-county seat of Harrison County and the larger of the two principal cities of the Gulfport-Biloxi, Mississippi Metropolitan Statistical Area. As of the 2020 census, the city of Gulfport had a total population of 72,926, with 416,259 in the metro area as of 2018. It is also home to the US Navy Atlantic Fleet Seabees. History This area was occupied by indigenous cultures for thousands of years, culminating in the historic encounter between the Choctaw and the first European explorers of the area. Along the Gulf Coast, French colonists founded nearby Biloxi, and Mobile in the 18th century, well before the area was acquired from France by the United States in 1803 in the Louisiana Purchase. By the Indian Removal Act of 1830, the United States completed treaties to extinguish Choctaw and other tribal land claims and removed them to Indian Territory, now Oklahom ...
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Miami
Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a East Coast of the United States, coastal metropolis and the County seat, county seat of Miami-Dade County, Florida, Miami-Dade County in South Florida, United States. With a population of 442,241 at the 2020 United States census, 2020 census, it is the List of municipalities in Florida, second-most populous city in Florida and the eleventh-most populous city in the Southeastern United States. The Miami metropolitan area is the ninth largest in the U.S. with a population of 6.138 million in 2020. The city has the List of tallest buildings in the United States#Cities with the most skyscrapers, third-largest skyline in the U.S. with over List of tallest buildings in Miami, 300 high-rises, 58 of which exceed . Miami is a major center and leader in finance, commerce, culture, arts, and international trade. Miami's metropolitan area is by far the largest urban econ ...
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President Casino Broadwater Resort
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. Originally known as the Broadwater Beach Hotel and Broadwater Beach Resort, it opened in 1939 as a venue for the illegal but tacitly approved gambling that was flourishing along the coast. In the late 1950s and 1960s, the gambling stopped and the facility was renovated and re-purposed as a resort destination with a state-of-the-art marina and other amenities. In its heyday the Broadwater Beach Resort hosted movie stars, leading politicians, and top business figures as well as people on vacation. It became the Gulf Coast's flagship resort and its colorfully lit front sign was iconic. In 1992, President Casinos gained control of the facility, and after changing the name, added a riverboat casino and barge. The casino had a successful niche following among lower-end gamblers, but the problems of t ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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