Anyone visiting this town in the days after Hurricane Katrina might reasonably have concluded that it would be a long while before slot machines were again ringing their incessant chimes. The storm destroyed 9 of 10 floating casinos in Biloxi, and the tenth suffered significant damage.
Yet so well financed is the gambling industry - and so profitable the facilities that line the beaches here - that one casino is set to open its doors to the public on Dec. 22. Another is to reopen the day after Christmas. A third, the Palace Casino, will have spent $23 million in four months to reopen by New Year's Eve, said the general manager, Keith Crosby.
All 10 Biloxi casinos have told the city they will rebuild, and most plan larger, more elaborate facilities. One, Harrah's Entertainment Inc., the world's largest gambling company, has told city officials that it plans to invest as much as $1 billion in a new resort-casino - a figure sizable enough to catch people's attention even in Las Vegas. And a growing list of investors, looking to take advantage of a new state law allowing the first-ever land-based casinos, is seeking an audience with city officials or state regulators in Jackson.
For better or worse, casinos are the source of that rarest commodity along a Gulf Coast battered by Katrina: optimism. "Legalized gaming," said Biloxi's mayor, A. J. Holloway, "is going to be what saves us."
http://www.nytimes.com/2005/12/14/business/14casino.html?hp&ex=1134622800&en=7efbd1247f51f70a&ei=5094&partner=homepage