History
In 1985, Buffett opened his first successful "Margaritaville" retail store in Key West, Florida. In 2002, he expanded his business ventures by opening his first Cheeseburger in Paradise Restaurant.
In late 2006, Jimmy Buffett announced on the website that the Margaritaville Cafes will no longer purchase or serve Canadian seafood products.
On May 15, 2007, Harrah's Entertainment, now Caesars Entertainment Corp. announced plans to build the $700 million Margaritaville Casino Resort in Biloxi, Mississippi on the site of the former Grand Casino Biloxi and Casino Magic Biloxi properties. Due to the U.S. recession, however, construction of the casino ceased on June 10, 2008.
On January 12, 2011, following the announcement of the new partnership between MVB Holdings and the Brosig, Sekul and Sims families, for the differently planned Biloxi, MS casino, John Payne, Caesars Entertainment Corp. central division president, stated, “We are disappointed that our project with Margaritaville will not proceed.”
Read more about this topic: Jimmy Buffett's Margaritaville
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