Someone has not gotten the memo the local gaming market is saturated and then some…..

This isn’t quite as harebrained as Paradise Bay nor do the promoters appear to have the baggage but we’re approaching the zip code of economic futility with the long talked about and never built Diamondhead Casino.  The lack of capital to fund several gaming projects here on the coast including the Rotate Black group should give everyone a big clue as to the economic viability of these proposals.

But now that the Mississippi DMR’s Jamie Miller has suddenly discovered the environmental mission of the agency makes the whole deal way too rich, especially since I’m in the process of authoring a post that examines Miller’s tenure at DMR as Phil Bryant’s Biloxi based water boy.

Could DMR opinion limit legal casino sites? Appraiser says some property values would dive ~ Anita Lee

Stay tuned.

Coast news miscellany: Vic Planetta in a world of hurt and idiocy at the Mississippi Gaming Commission

Sorry son, you were caught smoking a joint 30 years ago so your fired…..

Anita Lee details a bit of war on drug idiocy in her profile of Victor Hanson, a family man who lost his job at the Palace Casino in 2008 because he was caught smoking a joint in Biloxi over 3o years ago. The war on drugs is both a failure and boondoggle that flushes billions of scarce taxpayer dollars down the black hole every year to no good end. One day the powers that be will learn that treating social problems such as addictions as a law enforcement problem is beyond silly.

In other news former coast modular home builder Vic Planetta is in a world of trouble as he and his wifey are charged with defrauding the SBA after Katrina to the tune of over $1,000,000. This story is rich for me on a couple of different levels, none of which I’ll go into here on Slabbed. Greed kills Vic, greed kills……

sop