![]() Compare prices of hotels in Tunica Resorts on KAYAK now. We appreciate VICI, as the real estate owner of Gold Strike, working constructively with CNE to facilitate a new lease agreement. Stay at Gold Strike Casino Resort from 125/night, Hollywood Casino Tunica from 101/night and more. 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”. Looking for Tunica Resorts Hotel 3-star hotels from 64. 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. PRINCIPAL DUTIES AND RESPONSIBILITIES: Make and serve alcoholic and non-alcoholic drinks, proportioning ingredients according to standardized recipes and providing food service as needed. Priceline Save up to 60 Fast and Easy Gold Strike Casino Resort Get the best deals without needing a promo code Save on your reservation by booking. 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. ![]() 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, Gold Strike Casino Resort 1010 Casino Center Dr., Tunica Resorts, MS 38664 United States (USA) View map Reservations: 1-80 Group sales: 1-80 3. The resort's 9,000-square-foot Live Oak Ballroom seats nearly 1,200 people comfortably, making it a great option for larger groups. Gold Strike’s 32-story hotel tower has roughly. 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”. Gold Strike offers a premier meeting and convention facility dedicated to making the most of your time. 3 among Memphis-area tourist attractions, with an estimated 2.9 million visitors in 2021, according to MBJ research. 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.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |