by Michael C. Lowe | September 24, 2014
The Margaritaville Casino in Biloxi, Miss., has filed for Chapter 11 bankruptcy and has been shuttered, according to several sources. The move was made just hours before a scheduled hearing during which the landlord intended to seize the property. According to court papers, MVB Holding LLC has not paid rent since the casino opened and owes more than $3.8 million, plus $500,000 in taxes. The $62 million project opened in May 2012.