Friday, March 24, 2006

As reported by the Biloxi Sun Herald: "Bernie Burkholder and Treasure Bay Gaming & Resorts announced jointly this morning that Burkholder has stepped down as chief executive officer of the privately held gambling company.

"Susan Varnes, the corporate vice president of operations and general manager of the Biloxi casino, assumed management of the company with the new title of chief operating officer.

"'I wish Treasure Bay, its employees, vendors and customers the very best,' Burkholder said. 'My heart will always be with them and Treasure Bay. While there is never a good time to leave a company, I believe Treasure Bay has a very bright future with a strong and loyal management team and employment base in place."

"…It will be late summer or fall before the Biloxi casino reopens, Varnes said…"