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Mississippi-based GenTeal ranked as one of fastest-growing retailers in U.S.
SUMMARY: GenTeal Apparel, a clothing company based in Mississippi, has been recognized as one of the fastest-growing retailers in the U.S. by Inc. 5000, ranking No. 998 overall and being the fastest-growing private retail company in Mississippi. Founded in 2016, GenTeal has expanded from a single store in Oxford to 250 specialty retailers and country clubs across 22 states, achieving a remarkable 512% growth from 2020 to 2023. CEO Abigail Linton attributed this success to their retail partners and dedicated customers. This marks the third consecutive year GenTeal has made the Inc. 5000 list.
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SUMMARY: Rodney Hood, a native of Meridian and a former NBA player, has announced his retirement after eight seasons in the league. Hood, a first-round pick by the Utah Jazz in 2014, played for several teams, including the Cleveland Cavaliers, where he reached the NBA Finals in 2018. His career was marred by injuries, including an Achilles tear that limited his performance. After a brief comeback attempt with the Memphis Hustle in the G League, Hood decided to retire. He now plans to coach and mentor young players, drawing on his experiences and challenges throughout his career.
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SUMMARY: Mississippi casinos experienced a revenue decline in the third quarter of 2024, contrasting with the overall growth of the U.S. gaming industry, which reported an 8.1% increase. Mississippi’s gaming revenue fell by 3.5% to $605.8 million, following a 2.3% decrease in the second quarter. This marks two consecutive quarters of downturns after a strong start to the year. Despite legal sports betting in the state, revenue could improve with the legalization of mobile sports betting, which was proposed but failed to pass this year. Lawmakers aim to revisit this issue in the 2025 session.
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SUMMARY: During a Long Beach Board of Aldermen meeting, a unanimous decision was made to restate a lease agreement for a casino development in an area without casinos along the Mississippi Gulf Coast. This follows earlier lease negotiations with Long Beach Harbor Resorts for land where an old Kmart was located. Mayor George Bass noted amendments are needed before the final ratification at the next meeting, with plans for a 40-year lease allowing extensions. The city anticipates $500,000 in annual gaming revenue during the initial years. Construction must begin within three years, with gaming operations launched within five years.
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