Big M to purchase SunCruz Casino pending county approval
Mon, 11 Aug 2014 21:17:28 GMT —
Horry County Council may approve a resolution Tuesday to allow Big M Gaming to take over SunCruz's business and drop its lawsuit against SunCruz.
Horry County Council will be discussing a resolution during their meeting Tuesday night that would allow for the cessation of business activities for SunCruz/Aquasino, allow Big M Gaming to purchase SunCruz/Aquasino and its property, settle pending litigation and allow Big M to operate a casino boat at the former SunCruz/Aquasino location.
Horry County Council enacted an ordinance in February 2008 that created a $7 per boarding passenger surcharge per gambling cruise. In 2010, Horry County Council entered into a surcharge agreement with SunCruz, but SunCruz was unable to meet that agreement. Horry County filed a lawsuit against SunCruz for nonpayment.
The resolution to be discussed Tuesday will allow Big M to purchase $2 million worth of SunCruz's assets excluding the boat and $2 million worth of land/docks where the casino boat operated. It will also allow Big M to expand its operations with an additional boat at the Highland Park property, according to county spokesperson Lisa Bourcier.
SunCruz stopped business operations on July 28, but according to an Horry County Council resolution they will still have to pay the county $484,272 in unpaid fees.
Calls to Big M Casino have not been returned as of 5 p.m.