Universal Music Group announces $1.2B resort in Mississippi
October 11, 2020
BILOXI, Miss. (AP) — A coastal Mississippi city will be among the first sites to launch a hotel and casino backed by a major global music corporation, according to officials.
The $1.2 billion Biloxi resort, a partnership between Universal Music Group and the Dakia U-Ventures investment group, is set to include a large performance venue, a 1,000-room luxury hotel and a casino, according to a Friday announcement from the groups, which are also launching similar ventures in Atlanta and Orlando, Florida.
The Biloxi City Council in June approved a tourism tax incentive to redevelop a 266-acre...