The property features 1,100 rooms, 125 suites, high-limit gaming, sportsbook and conference and convention center.Īt the time of the announcement CEO of Cherokee Nation Business, Chuck Garrett, noted that “We look forward to expanding our gaming and hospitality businesses as we execute on our strategic plan to grow our footprint outside of the Cherokee Nation Reservation”. Service (+)we are in the south and hospitality reins. The Gold Strike Casino Resort in Tunica, Mississippi has a 50,000 square foot casino gambling floor with 1,400 slot machines, 52 table games, a hotel with pool. I brought someone that’s not from the South to what supposedly is the best casino buffet north of the gulf coast. Gold Strike’s operations have been acquired by a subsidiary of the Cherokee Nation Business – CNE Gaming Holdings.ĬNE Gaming had announced plans to purchase the operations rights to the 50,000 square foot casino in June of 2022. I visited Buffet Americana just a few weeks ago and I am still traumatized from my most recent experience. Explore menu, see photos and read 18 reviews: Carlos our waiter was. Gold Strike - An MGM Resort Cross street Hwy 61 Parking details Complimentary Valet & Self parking available. Net proceeds from the sale, after taxes and fees, are estimated to be approximately $350 million.įor the 2022 year, Gold Strike reported net income of $47 million and adjusted property EBITDAR of $98 million. Book now at BetMGM Book Bar & Grill - Gold Strike Casino Resort in Robinsonville, MS. MGM RESORTS INTERNATIONAL ANNOUNCES AGREEMENT TO SELL OPERATIONS OF GOLD STRIKE TUNICA FOR 450 MILLION News provided by MGM Resorts International Jun 09, 2022, 16:30 ET Purchase price represents. The sale of the operations of the property will also cause a drop in MGM’s rental costs under property giant VICI Properties, reducing MGM’s annual rent by $40 million, MGM Resorts’ CFO notes that the company plans to use the proceeds from the deal to “further fortify our balance sheet, deploy capital to growth opportunities and return capital to shareholders”. MGM Resorts has announced that it closed the sale of the operations of the Gold Strike Tunica property in the US state of Mississippi for $450 million in cash.
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