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Treasure Bay Summer Reopening Expected

BILOXI, Mississippi – As reported by the Biloxi Sun Herald: "Construction crews are converting the first two floors of Treasure Bay's hotel into a temporary casino and making plans to demolish the pirate ship within the next six weeks.

"The casino should reopen by July or August, said Bernie Burkholder, chief executive officer of Treasure Bay Casinos. He had hoped to have the casino back in business sooner but was delayed by insurance and asbestos issues.

"…Treasure Bay, which has opted to be its own contractor for its rebuilding, has hired Peter Anderson, a Seattle architect, to give its property a new look.

"It is using insurance money to rebuild, including funds from a 2002 claim from Tropical Storm Isidore. Treasure Bay sued its insurer in federal court last year, but a settlement was negotiated. When Hurricane Katrina struck, Treasure Bay's gambling barge did not have coverage.

"'Everyone thinks Treasure Bay had no insurance,' Burkholder said. 'We had no insurance on our vessel, but we had insurance on the fort, the hotel, the warehouse and vehicles. Everything we had insured, other than the vessel and the gaming equipment.'

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