Paul Sampson Getty images
Paul Sampson Getty images
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Bad news in the gambling community in Mississippi. Margaritaville Casino is closing its Biloxi location.

GulfLive.com reports the casino will shut the doors by September 19.

Why is the complex closing? The big problem is a dispute with its landlords over financing for a new hotel and other features.

The casino had 359 employees as of March 31, according to The Sun Herald. The Margaritaville Casino, Biloxi has been open for only two years. A similar Jimmy Buffet-inspired facility opened in Bossier City a year ago.

In June, another Mississippi casino closed - Harrah's Tunica Casino. The New York Times published a story pointing to a "gambling glut" in the country.

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