Mississippi: Will Diamondhead Casino Corp. be forced into bankruptcy or find a resort developer?

Mississippi: Will Diamondhead Casino Corp. be forced into bankruptcy or find a resort developer?

Article brief provided by Sun Herald
  • Mary Perez, Sun Herald
June 14, 2024 3:29 PM
  • Mary Perez, Sun Herald

The continuing saga of trying to build a casino resort in Diamondhead raged on this week.

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On Wednesday, creditors filed a lawsuit in federal court to force Diamondhead Casino Corp. into bankruptcy, Law 360 reported. The involuntary bankruptcy petition against the company was filed in Delaware bankruptcy court by a group of creditors who said the company owes them $2.4 million. Argonaut Partners and Emerson Partners are among the creditors claiming unpaid debts ranging from $161,000 to $743,000, according to the petition.

On Thursday the company sent out a press release saying it hired Colliers to help market and finance a casino along I-10, or to sell all or part of the site.