![]() ![]() ![]() ![]() "This acquisition is a natural evolution for our company. Operations continue as usual, and the more than 1,100 team members dedicated to Gold Strike Casino Resort were retained. Gold Strike Casino Resort is located on the Mississippi River, approximately 30 minutes from downtown Memphis. (NYSE: VICI), which owns the real property associated with Gold Strike Casino Resort. Concurrent with the purchase, the operating entity entered into a long-term lease agreement with GSCR Propco LLC, a subsidiary of VICI Properties Inc. The Mississippi Gaming Commission issued its determination of suitability and approval of the acquisition in January. We are excited to invest in this beautiful property and bring our three decades of industry experience to guests in the Mid-South market."ĬNE Gaming Holdings LLC purchased the operating company from Mandalay Resort Group LLC, a subsidiary of MGM Resorts International (NYSE: MGM), for approximately $450 million in cash. "For years, we’ve set the standard of excellence in gaming. "This is a historic day of growth for our hospitality portfolio as we enter the commercial gaming industry, and we welcome the wonderful team at Gold Strike to the family," said Mark Fulton, president and chief operating officer of Cherokee Nation Entertainment. The acquisition did not include the original Gold Strike near Boulder City, because the owners wanted to pass it on to their children.Gold Strike Casino Resort in Tunica, Mississippi. Gold Strike Resorts was acquired in 1995 by Circus Circus Enterprises for $450 million in cash and stock. It ultimately opened in 1996, following the merger, as the Monte Carlo. In 1994, Gold Strike announced a partnership with Mirage Resorts to build a $250-million casino targeted at budget-conscious visitors, on part of the site of the demolished Dunes golf course on the Las Vegas Strip. Ensign was the father of Senator John Ensign and had connections to competitor Circus Circus Enterprises. Belding and Richardson acquired their shareholdings from their fathers Don Belding and Jack Richardson, while Ensign bought out third owner O.L. The company's history can be traced to 1977, when David Belding, Michael Ensign, and William Richardson purchased the Gold Strike Hotel and Casino near Boulder City, Nevada. Gold Strike Resorts was a family of gaming companies based in Jean, Nevada. ![]()
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