Gold strike tunica full#

Gold strike tunica full#

Price Action: MGM shares closed 3.04% lower at $34.32 on Thursday. An MGM Resort located in Tunica, Mississippi, Gold Strike Casino Resort provides guests comfortable accommodation, easy access to its on-site casino. Gold Strike Tunica offers some of the area’s most lavish accommodations, perfect for relaxing and kicking up your feet after a full day in the Mid-South’s Casino Capital. Strategically, though, we decided to narrow our focus in Mississippi to a single resort – Beau Rivage – and dedicate more of our time and resources towards continuing to drive success at that leading, world-class resort and casino,' said CEO Bill Hornbuckle. The Gold Strike Casino Resort is a multiuse facility located at 1010 Casino Drive, Tunica Resorts, Mississippi 38664. 'Gold Strike is a wonderful property with a bright future ahead. As the name suggests, Gold Strike’s premier amenity is its 50,000 square foot casino with slot machines, table games, and a full-service gaming experience. The transaction is expected to close in the first half of 2023. An MGM Resort located in Tunica, Mississippi, Gold Strike Casino Resort provides guests comfortable accommodation, easy access to its on-site casino, and endless entertainment. MGM's master lease agreement with VICI Properties Inc (NYSE: VICI) will be amended to reduce annual rent by $40 million to account for the sale of the operations of Gold Strike. The company expects net cash proceeds after taxes and estimated fees to be about $350 million.įor the twelve months ended December 31, 2021, Gold Strike reported a net income of $81.1 million and Adjusted Property EBITDAR of $115 million. MGM Resorts International (NYSE: MGM) has decided to sell the operations of Gold Strike Tunica to Cherokee Nation Entertainment Gaming Holdings LLC (CNE), a subsidiary of Cherokee Nation Businesses, for $450 million in cash.