It is owned by Gaming and Leisure Properties and operated by Bally's Corporation, under franchise from Hard Rock International.

[1] However, days before the scheduled grand opening, Hurricane Katrina struck the Gulf Coast, destroying the casino and damaging the resort.

Premier later began architectural work on a newly rebuilt facility, awaiting resolution of the dispute, prior to workers securing the property for the 2007 Atlantic hurricane season.

[4] Other concert performances in the first month of business included Kid Rock,[5] Poison, Ratt, and Cheap Trick.

[10] The newly restored facility is built on "more storm resistant" cement pilings rather than the former floating barge as originally mandated by Mississippi law, and features seven restaurants, including a Hard Rock Cafe, Ruth's Chris Steak House, Half Shell Oysters House, close to 500 hotel rooms and suites, a full service spa, a nightclub, over 1400 slot machines, 56 table games, outdoor beach themed pool with cabanas and swim-up bar, and a Hard Rock Live performance arena.