Barely two years after it opened, the Margaritaville Casino in Biloxi, Mississippi will close in the next two months.
The casino will own the dubious title of first casino to close on the Gulf Coast since Katrina nine years ago.
Management met with employees Monday morning and gave them WARN notices, required under the Worker Adjustment and Retraining Notification Act, telling them of the impending closing of the casino on or before Sept. 19.
Employees were told not to speak to reporters and said on the way out of the meeting, “It could cost us.”
It will be business as usual, said Michael Cavanaugh, attorney for the owners. But business dropped following the announcement that Harrah’s Casino in Tunica was closing in June, and Cavanaugh said Margaritaville could close in a couple of weeks if the same happens in Biloxi.
Cavanaugh said MVB Holding LLC, the company that operates the casino, was unable to come to an agreement with its landlord and therefore could not secure financing to build a hotel.
Cavanaugh also admitted that the casino is losing money, but declined to say how much.
There were lots of high hopes for the casino that opened May 22, 2012, with a concert by Buffett, attended by thousands and broadcast live worldwide on Margaritaville Radio.
Read more at The Sun Herald.
Only three weeks ago, it was announced that Jimmy Buffett’s at The Beachcomber restaurant in Honolulu is closing.
After five years in business, Jimmy Buffett’s at the Beachcomber restaurant is closing.
“They did ask, and we did grant an early termination on August 31, of their restaurant lease,” confirmed Nancy Daniels, director of public relations for Outrigger Enterprises Group, which manages the Holiday Inn Waikiki Beachcomber Resort.
The restaurant’s general manager was not immediately available for comment, and corporate officials and their representatives did not immediately return calls.
The restaurant opened in 2009 and for a time became the home of the popular Saturday morning Perry and Price broadcast on KSSK-FM 92.3/AM 590.
A Margaritaville-branded e-cigarette?
The Orlando Business Journal noticed an interesting trademark application filed by Margaritaville Enterprises LLC:
Is Jimmy Buffett — the Jimmy Buffett — getting ready to start selling electronic cigarettes in Florida? Or, with a bigger question mark, marijuana products?
Notice the question marks: Mr. Margaritaville didn’t return my call, and neither did the attorneys on this, so this is all unconfirmed right now.
But according to a trademark filed in January of this year, Margaritaville Enterprises LLC wants to trademark the term Coral Reefer.
According to the U.S. Patent & Trademark Office application, the trademark would be used to sell goods and services related to electronic cigarettes:
Electronic cigarettes; cigarettes; cigars; tobacco; herbs for smoking; cigarette holders; cigarette lighters; ashtrays, humidors, cigar cutters, hookahs, matches, cigar and cigarette boxes, cigarette papers, cigarette rolling machines, pocket apparatus for rolling cigarettes, smoking urns, tobacco substitute, tobacco tins; tobacco pouches; electronic cigarette refill cartridges sold empty; smoking pipes, smoking pipe cleaners, smoking pipe racks; smokeless cigar and cigarette vaporizers; tobacco grinders.
The feds have returned the application to Margaritaville to seek clarification that the applicant’s goods do not include anything marijuana related.
Read more here.
It’s been a year and a half since we told you about the possibility of Margaritaville opening in Syracuse, New York, and it appears headed to fruition, according to Syracuse.com.
Assemblyman Al Stirpe, D-Cicero, confirmed that a bill he co-sponsored involving a major new tenant for the mall referred to Margaritaville. The bill, which would allow the bar and restaurant to open at Destiny, has passed the Senate and Assembly.
The mall hasn’t officially announced Margaritaville yet.
The chain appears to be heading for the vacant space across the hall from Toby Keith’s I Love This Bar & Grill on Destiny’s entertainment-focused third floor.
Destiny USA, previously known as the Carousel Center from 1990-2012, is a six-story super-regional shopping and entertainment complex on the shore of Onondaga Lake in Syracuse, New York. It is the sixth largest shopping center in the nation.
Jimmy Buffett’s latest Margaritaville restaurant opens next Monday (June 16th) in Pigeon Forge, Tennessee.
Officials will celebrate the opening of the beach-themed restaurant, inspired by Buffett’s famous song, with a ribbon cutting on June 16 at 9:30 am. The festivities are open to the public, and the restaurant will open for business after the ceremony.
A Margaritaville Island Hotel is set to open as well, but not until October. They’re taking reservations now at margaritavilleislandhotel.com.
View a sneak peek of the restaurant at pigeonforgetnguide.com.
Margaritaville Enterprises has sold its Margaritaville restaurants to Brazilian firm International Meal Company.
Brazilian-based International Meal Co. has purchased a dozen Margaritaville restaurants and plans to grow the chain.
Margaritaville Enterprises sold the restaurants this month for an undisclosed price. Margaritaville’s Orlando-based hospitality division ran the restaurants, employing about 40 corporate employees here.
About 25 of those employees will now work for International Meal Co., while the rest will remain with Margaritaville and handle services such as marketing.
No workers are losing their jobs, the companies said.
“Not only does it stand for more growth domestically, now those employees have the opportunity to go around the world as part of a larger operation,” Margaritaville Enterprises Chief Executive Officer John Cohlan said.
The purchase includes 11 Margaritaville restaurants, including one at Universal CityWalk. It also includes LandShark Bar and Grilles in Atlantic City, N.J., and Myrtle Beach, S.C.
“The motivation here was really about growth,” Cohlan said. “They’re better positioned to grow Margaritaville than we really would be domestically.”
Cohlan and Gavilian declined to discuss sales for the chain, founded by singer Jimmy Buffett and named after one of his signature songs.
International Meal Co. will have exclusive rights to develop and own Margaritavilles in the United States and Latin America. This year, Margaritaville will open restaurants in Brazil and the Dominican Republic and in Pigeon Forge, Tenn.
Read more at the Orlando Sentinel.
Hat tip @sawman71