Mashantucket Pequots Partner With Foxwoods Resort Casino
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June 07, 2016
The Mashantucket Pequot Tribal Nation announces its plans for the development
and operation of a Foxwoods-branded, casino resort, to be located at Biloxi
Pointe in historic Biloxi Mississippi. Through a new strategic partnership —the
Mashantucket Pequot Gaming Enterprise will partner with Biloxi Boardwalk
Ventures, LLC, Chris Ferrara-Sponsor, and with The Hartmann Group, LLC; the
resort's project management company.
"This is an exciting opportunity to not only expand geographic diversification
for the Foxwoods brand, but also leverage our management expertise well beyond
New England," says Rodney Butler, Chairman of the Mashantucket Pequot Tribal
"Biloxi Mississippi is a proven destination tourism market, with its
near-perfect, year round climate, casual coastal vibe and exciting nightlife—all
of which provides a perfect location to feature our world-class entertainment
offerings," says Felix Rappaport, President & CEO of Foxwoods Resort Casino.
The new Foxwoods Resort Casino at Biloxi Pointe will be a $265 million premier,
service-centric destination resort and casino located on a 23-acre site in the
Back Bay area of Biloxi Mississippi. Easily accessible from the metropolitan
regions of New Orleans, Birmingham, and Atlanta, the casino resort will deliver
an unparalleled gaming, leisure and meetings experience to the 9 million people
living within the 300-mile radius market spanning Mississippi, Louisiana,
Alabama, Georgia and Florida.
Biloxi Boardwalk Ventures, LLC, Managing Member Chris Ferrara said, "The
agreement with Foxwoods and The Hartmann Group fulfils a dream to develop this
site and stimulate economic development by creating thousands of new
construction and service jobs for the residents in the East Biloxi and regional
Spanning 23 acres of Biloxi Bay's pristine shoreline, Foxwoods Resort Casino at
Biloxi Pointe will employ several thousand regional and local residents in
construction, resort and gaming operations. When completed, the 781,000 square
foot full-service complex will feature both gaming and non-gaming amenities,
including approximately 50,000 square feet of casino space, a 500-room hotel and
71,000 square feet of meeting and exhibition space, along with a variety of
authentic, regional dining options, retail, spa and outdoor entertainment
"We're encouraged by today's announcement of preliminary plans for a new resort
development in east Biloxi," said Biloxi Mayor Andrew ‘FoFo' Gilich, " Chris has
been working on this for many years and the partnership with the Mashantucket
Pequot Tribe will certainly energize this project. This development has an
opportunity to strengthen the Biloxi gaming market by adding a dynamic new
resort that will help attract new visitors to the area. I'm eager to see their
final design plans they are considering to help grow the market." Gilich added
that the Biloxi Pointe development will enable the 5th Street extension to U.S.
90 and complete the "Casino Loop" to Back Bay that has been envisioned for
years. "This investment confirms what we have always felt," added Gilich. "That
Biloxi is the ‘right spot'".
Foxwoods Resort Casino at Biloxi Pointe Sponsor Chris Ferrara and his Senior
Management Team of Bill Kilduff, Stephen Turpin, Jr. and Keating Consulting,
LLC, were advised by El Segundo, California, based TFA Capital Partners in its
initial selection of The Hartmann Group, LLC as manager and subsequently advised
Mr. Ferrara on the addition of the Mashantucket Pequot's as co-manager with The
Hartmann Group, LLC and as a strategic equity investor. Going forward, TFA
Capital Partners will principally focus on the raising of additional equity and
junior debt capital to complete the financing package.
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