DIAMONDHEAD CASINO CORPORATION
(Exact name of registrant as specified in charter)
(State of Incorporation)
1301 Seminole Boulevard, Suite 142, Largo, Florida 33770
(Address of principal executive offices)
Registrant's telephone number, including area code: 727/674-0055
The Company owns, through a wholly-owned subsidiary, approximately 404 acres of land in Diamondhead, Mississippi. The property fronts Interstate 10 for approximately two miles and fronts the Bay of St. Louis for approximately two miles. Approximately 18 million vehicles pass the site yearly. The property, which is located entirely within the recently-incorporated City of Diamondhead, is already zoned for a casino.
Diamondhead Casino Corporation (OTCBB: DHCC) reported that it had recently had its Diamondhead, Mississippi property appraised. The appraised value of the property, subject to material assumptions, is $108,900,000. The Company, through its wholly-owned subsidiary, Casino World, Inc., intends to develop a destination casino resort and hotel at its 404 acre site on the Bay of St. Louis in Diamondhead, Mississippi. There is no outstanding debt and there are no liens on the property.
Diamondhead Casino Corp: The Historical Timeline of Letter of intents (LOI) W/ Donald Tump, and other various notable individuals in the casino industry. LOI Vs. Price action.
Update: Mr. Arneault is now President of Diamond Head Casino Corp. He whe former President of MTR Gaming (Nasdaq:MNTG).
DIAMONDHEAD, Miss., April 2, 2014 /PRNewswire/ --
Diamondhead, Mississippi, announced today that it has appointed Ted Arneault, formerly Chairman, President & CEO of MTR Gaming Group (NASDAQ:MNTG) , Inc., as Chairman of the Board of the Company and President & CEO of Casino World, Inc., a wholly-owned subsidiary of the Company and proposed developer of the Diamondhead casino site.
Mr. Arneault stated: "I believe the Diamondhead site remains one of the last, great gaming opportunities in the country. The site is recognized in the casino industry as one that is expected to grow the entire Gulf Coast market because of its sheer size and the numerous amenities it could support. I am looking forward to working with the State of Mississippi and the City of Diamondhead to create a destination resort that will bring economic benefits to the entire State as well as the City. This is a unique opportunity to be associated with a project that has the potential to become a major tourist attraction on the Gulf Coast and one of the premier resort locations in the casino industry."