Learn, Practice, Play Baccarat
Learn, Practice, Play Blackjack
Learn, Practice, Play Slots
Learn, Practice, Play Poker
Learn, Practice, Play Video Poker
500 Nations Casino

Myriad Resort in Financial Jeopardy

Voted "#1 Favorite Casino | Best Slots"
No surprise! Bovada is the favorite of 500 Nations players! It is a Huge World-class Casino with the newest slots, poker, table games, sports and horse betting! Join now and get the $3,000 Welcome Bonus. US Players Welcome 0
April 21, 2008

TUNICA, MS - In a regulatory filing with the U.S. Securities and Exchange Commission, Myriad Entertainment & Resorts Inc. needs $70 million from its 2008 corporate revenues to pay debt obligations for development of its new Tunica resort. That means it may be make-or-break time for the 540-acre project with six new casinos, restaurants, a spa, a water park, convention center, and a signature golf course.

In the SEC filing, Myriad states "Our independent auditor has indicated that in its report on our 2007 financial statements, our recurring losses from operations and our difficulties in generating sufficient cash flow to meet our obligations and sustain our operations raise substantial doubt about our ability to continue as a going concern."

Webster Franklin, president and CEO of the Tunica Convention & Visitors Bureau, said "As of now, I have not heard anything officially from Myriad. I understand that several of their principals were in town last week for meetings, but I do not know the outcome."

Return to Mississippi Casinos.

Join Bovada Join Bovada
500 Nations is an independent directory and information service free of any gaming operator's control and not affiliated with any casino.
Warning: You must ensure you meet all age and other regulatory requirements before entering a casino or placing a wager. There are hundreds of jurisdictions in the world with Internet access and hundreds of different games and gambling opportunities available on the Internet. Do not assume that Internet gaming sites are in compliance with the rules and regulations of every jurisdiction from which they accept players. YOU are responsible for determining if it is legal for YOU to play any particular game or place any particular wager under the laws of the jurisdiction where you are located.