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7051 Interstate 10 - Diamondhead Casino - Trustee Auction 400 Acres of Commercial Land in Diamondhead, MS 39525
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire roughly 400 acres of prime development land in Diamondhead, Mississippi, available through a bankruptcy trustee sale.
- Plans include a 100,000-square-foot gaming floor featuring 1,250 slot machines, 40 table games, a modern sportsbook, and a 300-room hotel.
- Between New Orleans and Biloxi, the site boasts 2 miles of I-10 frontage and waterfront views, tapping into the region's strongest gaming market.
- Mississippi Gaming Commission has approved a 50-acre site for casino development, offering significant potential for commercial expansion.
- C-2 commercial zoning, allowing casino gaming and other uses such as restaurants, hotels, retail, personal services, and entertainment venues.
- In the master-planned Diamondhead community, investors can seamlessly kickstart growth in Mississippi's fastest-developing Gulf Coast region.
EXECUTIVE SUMMARY
On behalf of the Chapter 7 Trustee for Diamondhead Casino Corporation(“DHCC”), parent of Mississippi Gaming Corporation (“MGC”), Colliers, in conjunction with Colliers Securities, is pleased to present the opportunity to purchase land for a casino development. The Trustee is seeking to sell the assets of the Debtor, including, without limitation, any equity interests and the Property. MGC has received site approval from the Mississippi Gaming Commission for a casino on 50 acres of its approximately 400-acre site located at 7051 Interstate 10, in Diamondhead,Mississippi.
This extraordinary opportunity is now available to acquire premier development land in Diamondhead, Mississippi, being offered as part of this bankruptcy trustee sale. The site, located at 7051 Interstate 10, offers exceptional highway visibility and access with 2 miles of Interstate 10 frontage and scenic views of the Bay St. Louis waterfront. Future development will benefit from a current average daily traffic count exceeding 51,000 vehicles per day(VPD), and climbing, ensuring year-round visibility and access to millions of regional visitors.
The proposed Diamondhead Casino Resort has been preliminarily designed to include 100,000 square feet of gaming space featuring 1,250 slot machines, 40 table games, and a state-of-the-art sportsbook. Plans also envision a full-service hotel with over 300 rooms, complemented by diverse dining, retail, and entertainment venues. The site's C-2 commercial zoning encourages the development of complementary uses, including restaurants, hotels, medical cannabis, assisted living facilities, retail, and entertainment, further expanding the municipal tax base and positioning the property as a significant economic catalyst for the region.
Between New Orleans and Biloxi, 7051 Interstate 10 lies in one of the strongest gaming markets in the United States, with the Gulf Coast region accounting for 67% of Mississippi's total gross gaming revenue. Combined with neighboring Louisiana, this corridor represents the nation's second-largest gaming market, and the addition of the Diamondhead Casino Resort would further strengthen its prominence.
Beyond gaming, Diamondhead is a thriving planned community known for its golf courses, waterfront recreation, and relaxed coastal lifestyle. Major nearby projects, including the Diamondhead Town Center development north of Interstate 10, are already drawing new residents, tourism, and business investment to the area. Early investors have the chance to pioneer a new chapter of growth and transformation on the Mississippi Gulf Coast, anchored by this landmark property.
Note: The Chapter 7 Trustee has filed a bid procedures motion with the bankruptcy court. Interested parties are encouraged to reach out promptly for more information and participation details. See below for key dates on bid procedures
Key Timeline Dates:
December 15, 2025 at 4:00 p.m. (ET) Deadline for Selection of Stalking Horse Bidder
December 22, 2025 at 4:00 p.m. (ET) Objection Deadline for Selection of Stalking Horse Bidder
January 9, 2026 at 4:00 p.m (ET) Bid Deadline for Qualified Bids
January 13, 2026 at 4:00 p.m (ET) Notification of Qualified Bidders
January 22, 2026 at 10:00 a.m. (ET) Auction
January 29, 2026 at 4:00 p.m. (ET) Deaaline to File Any Objections to Sale
February 5, 2026 at 10:00 a.m. (ET) Sale Hearing
Subject to Chapter 7 Bankruptcy Court Approval (Diamondhead Casino Corporation – Debtor / Mississippi Gaming Corporation – Owner).
This extraordinary opportunity is now available to acquire premier development land in Diamondhead, Mississippi, being offered as part of this bankruptcy trustee sale. The site, located at 7051 Interstate 10, offers exceptional highway visibility and access with 2 miles of Interstate 10 frontage and scenic views of the Bay St. Louis waterfront. Future development will benefit from a current average daily traffic count exceeding 51,000 vehicles per day(VPD), and climbing, ensuring year-round visibility and access to millions of regional visitors.
The proposed Diamondhead Casino Resort has been preliminarily designed to include 100,000 square feet of gaming space featuring 1,250 slot machines, 40 table games, and a state-of-the-art sportsbook. Plans also envision a full-service hotel with over 300 rooms, complemented by diverse dining, retail, and entertainment venues. The site's C-2 commercial zoning encourages the development of complementary uses, including restaurants, hotels, medical cannabis, assisted living facilities, retail, and entertainment, further expanding the municipal tax base and positioning the property as a significant economic catalyst for the region.
Between New Orleans and Biloxi, 7051 Interstate 10 lies in one of the strongest gaming markets in the United States, with the Gulf Coast region accounting for 67% of Mississippi's total gross gaming revenue. Combined with neighboring Louisiana, this corridor represents the nation's second-largest gaming market, and the addition of the Diamondhead Casino Resort would further strengthen its prominence.
Beyond gaming, Diamondhead is a thriving planned community known for its golf courses, waterfront recreation, and relaxed coastal lifestyle. Major nearby projects, including the Diamondhead Town Center development north of Interstate 10, are already drawing new residents, tourism, and business investment to the area. Early investors have the chance to pioneer a new chapter of growth and transformation on the Mississippi Gulf Coast, anchored by this landmark property.
Note: The Chapter 7 Trustee has filed a bid procedures motion with the bankruptcy court. Interested parties are encouraged to reach out promptly for more information and participation details. See below for key dates on bid procedures
Key Timeline Dates:
December 15, 2025 at 4:00 p.m. (ET) Deadline for Selection of Stalking Horse Bidder
December 22, 2025 at 4:00 p.m. (ET) Objection Deadline for Selection of Stalking Horse Bidder
January 9, 2026 at 4:00 p.m (ET) Bid Deadline for Qualified Bids
January 13, 2026 at 4:00 p.m (ET) Notification of Qualified Bidders
January 22, 2026 at 10:00 a.m. (ET) Auction
January 29, 2026 at 4:00 p.m. (ET) Deaaline to File Any Objections to Sale
February 5, 2026 at 10:00 a.m. (ET) Sale Hearing
Subject to Chapter 7 Bankruptcy Court Approval (Diamondhead Casino Corporation – Debtor / Mississippi Gaming Corporation – Owner).
SALE FLYER
PROPERTY FACTS
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Condition | Distress Sale | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 400.00 AC |
| Property Type | Land | ||
| Zoning | C-2 - Commercial zoning. | ||
| Sale Type | Investment or Owner User |
| Sale Condition | Distress Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 400.00 AC |
| Zoning | C-2 - Commercial zoning. |
1 LOT AVAILABLE
Lot
| Lot Size | 400.00 AC |
| Lot Size | 400.00 AC |
The entire 400-acre property can be subdivided to accommodate a buyer’s specific needs. Additionally, 50 acres have approved plans for a casino development. Contact Colliers for more details about this development offering.
NEARBY AMENITIES
HOTELS |
|
|---|---|
| Ramada |
146 rooms
10 min drive
|
PROPERTY TAXES
| Parcel Number | 131-0-01-001.000 | Improvements Assessment | $0 |
| Land Assessment | $418,883 | Total Assessment | $418,883 |
PROPERTY TAXES
Parcel Number
131-0-01-001.000
Land Assessment
$418,883
Improvements Assessment
$0
Total Assessment
$418,883
ABOUT THE SELLER
The Company is a Delaware corporation incorporated on November 15, 1988 under the name Europa Cruises Corporation. The Company became a publicly-held company in 1989. On or about November 22, 2002, the Company changed its name to Diamondhead Casino Corporation. Since November 6, 1998, the Company’s stock has traded on the Over the Counter Bulletin Board (OTCBB).
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SALE ADVISORS
SALE ADVISORS
Patrick Slagle, Vice President, Retail Services
Patrick Slagle has been a dynamic presence in the retail commercial real estate industry since 2009. Now as a Vice President at Colliers, Patrick specializes in restaurant and hospitality leasing and acquisitions with a focus on planning and development of new and existing concepts. This focus is accompanied by a vast network of local and global operators and landlords as well as concept development through financial modeling, operational planning, portfolio management, and systems implementation. Patrick brings a unique perspective to a wide range of client needs through years of working in the hospitality with a focus on the physical needs of an ever-demanding industry. Prior to joining Colliers, Patrick worked at boutique brokerage firms in DC to continue the growth of some of the best operators and neighborhood developments in the DC Market.
Chris Abadie, Senior Vice President
Prior to Colliers, Chris held an extensive 23-year career serving clients as a leading expert in the Gulf Coast area. For almost 13 years, he served as the Vice President and Manager of the Commercial Brokerage Division of Stirling Properties covering the Gulf South states of Louisiana, Mississippi, and Alabama. He spent his first 10 years at Stirling brokering retail, office, and industrial sales and leases with a heavy emphasis in the retail sector. He has represented national brands such as Walgreens, Verizon, and CVS as well as smaller yet recognizable brands such as H&R Block, Smoothie King, Citi Trends, and Shoe Department. His extensive experience spans from developer site selection, acquisitions, leasing varying sized shopping centers, complex dispositions, and repositions. Mr. Abadie is a graduate of Nicholls State University with a degree in Business Administration with an emphasis in Marketing.
Chris Abadie partners with clients to achieve their Commercial Real Estate goals in all asset classes. He has successfully brokered retail tenant and landlord transactions, investment sales, office leases, and industrial leases and sales. Chris leads Colliers’ business expansion efforts across the state of Louisiana. He will leverage his extensive leadership history within the business community and deep local connections to drive growth efforts in New Orleans and other key markets across the state.
Chris a member of the charitable Men of Steel Organization in Slidell, LA. Personally, along with his wife Gisele, he is a member of the Poseidon Carnival Organization in East St. Tammany Parish, where they currently reign as King and Queen Poseidon IX.
Chris Abadie partners with clients to achieve their Commercial Real Estate goals in all asset classes. He has successfully brokered retail tenant and landlord transactions, investment sales, office leases, and industrial leases and sales. Chris leads Colliers’ business expansion efforts across the state of Louisiana. He will leverage his extensive leadership history within the business community and deep local connections to drive growth efforts in New Orleans and other key markets across the state.
Chris a member of the charitable Men of Steel Organization in Slidell, LA. Personally, along with his wife Gisele, he is a member of the Poseidon Carnival Organization in East St. Tammany Parish, where they currently reign as King and Queen Poseidon IX.
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7051 Interstate 10 - Diamondhead Casino - Trustee Auction
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