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With changes in gaming regulations in Mississippi allowing land based casino gaming, Biloxi is having a huge surge in real estate prices. The city is poised to experience a housing and gaming boom during the hurricane rebuilding going on. Going through the horror of the hurricane, it is nice to see the residents have a chance for a financial windfall if they choose to sell.

Real estate experts say Biloxi’s market hasn’t been this hot since gambling was legalized in the state more than a decade ago. New developers and those already in the Biloxi market plan to rebuild casinos damaged by Hurricane Katrina and create resorts with hotels and condominiums.
A change in the state’s gaming law, which now allows land-based casinos, has helped spark interest in coastal properties.
Kopszywa believes she and almost all her neighbors eventually will move.
Traffic steadily flowed this week in front of the travel trailer parked on her driveway. Cars and tour buses headed to the Palace Casino Resort at the end of the street.
“It’ll be asphalt and concrete. They’ll use it as a parking lot,” Kopszywa said as she looked at her 13,000-square-foot property.
Areas near the Back Bay of Biloxi, including east Biloxi and D’Iberville, are expected to see the most growth, said Len Blackwell, a former Mississippi Gaming Commission chairman. But Bay St. Louis and Waveland also will thrive, he said.
“You’re not going to see casinos on every corner,” Blackwell said. “You’re not going to see a great expansion. You’ll see development in places where you could legally have casinos anyway, especially on the Back Bay.”
Chevis Swetman, president/chairman and CEO of the Peoples Bank in Biloxi, said at $40 to $50 per square foot, some property owners stand to make $2 million on an acre of property. Prices were closer to $10 to $15 per square foot before the storm. via The Clarion-Ledger.

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