Popeyes Founder Seizes Riverboat in Suit Over Loan
<i> Associated Press</i>
BILOXI, Miss. —
A riverboat casino under construction was seized in a lawsuit over the owner’s financial agreement for a $2-million loan.
Al Copeland, a New Orleans businessman, filed the lawsuit last week in U.S. District Court against American Gaming Corp., the parent company of Gold Coast Casino.
Copeland, founder of Popeyes Famous Fried Chicken, said casino officials failed to make payments on the loan and broke other terms of the agreement. He wants the casino to be sold to pay off the debt.
A hearing has not been scheduled in the lawsuit. Neither Gold Coast officials nor their attorney would comment.
