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. 16, 2023 /PRNewswire/ - CNE Gaming Holdings LLC, an indirect subsidiary of Cherokee Nation Businesses, officially assumed operations of Gold Strike Casino Resort after receiving approval from the Mississippi Gaming Commission.
