Diamondhead Casino Corporation has tasked real estate and investment advice company Colliers with helping finance, market and potentially sell its Diamondhead gaming property in Mississippi.
The casino resort, which Diamondhead has tried to develop for several years, is earmarked to be built on approximately 400 acres of land on Interstate 10 in the state’s city of Diamondhead, having been approved for construction by the Mississippi Gaming Commission.
The site, which is situated between Biloxi and New Orleans, sits over two miles of waterfront.
Colliers’ Patrick Slagle, vice president of the company in Washington, D.C., said the resort is ready to be developed as a mixed-use resort with a casino as an “anchor” and a two-mile boardwalk.
“We know of nothing comparable and no other opportunity of this nature in the industry,” Slagle said.
“With over 18 million vehicles passing the site annually on Interstate 10, it is an ideal gaming location.
“The Gulf Coast region of the United States where this casino would be located is one of the fastest growing gambling markets in the United States.”
Colliers will also assist Diamondhead Casino Corporation in potentially selling all or part of its property.
Diamondhead said Colliers is currently “soliciting interested parties,” having prepared marketing materials to promote the property.
The property is already zoned as a Special Use District-Waterfront Gaming District, which permits the development of a casino resort.
The Mississippi Gaming Commission has also granted Mississippi Gaming Corporation gaming site approval on a fifty-acre site located on the east side of the property.
