Gold Strike features more than 1,100 oversized luxury guest rooms including 125 suites the 50,000-square-foot casino includes a sportsbook high-limit gaming area conference and convention center and award-winning dining options. The property features a 32-story hotel tower that has become one of the most recognizable buildings in Tunica. Gold Strike is located on the Mississippi River in Tunica, approximately 30 minutes from downtown Memphis. “We are excited for the team at Gold Strike Tunica to join the CNE family.” “Cherokee Nation Entertainment has a rich history of operating award-winning hospitality destinations in Oklahoma, and we are proud to continue our growth in gaming and bring the level of excellence we are known for to the Tunica area,” said Mark Fulton, president of Cherokee Nation Entertainment. CNE Gaming Holdings, LLC, will enter into a long-term lease agreement with VICI Properties Inc., the Gold Strike property owner. (NYSE: VICI), which owns the real property associated with Gold Strike Casino Resort.Ībout 1,100 employees were retained by CNE Gaming Holdings when the sale was completed and operations continued as normal, officials said.Cherokee Nation Entertainment Gaming Holdings, LLC, a subsidiary of Cherokee Nation Businesses, announced Thursday it has reached an agreement with MGM Resorts International to purchase the operations of Gold Strike Tunica for $450 million in cash, subject to customary adjustments. 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’re able to team up with the good people of Gold Strike that have given so much to this property and we’re looking forward to investing in them and our property.
“We’re really honored by the Mississippi Gaming Commission to receive the license to operate the Gold Strike,” said Cherokee Nation Businesses CEO Chuck Garrett.
(Bob Bakken/)ĬNE Gaming Holdings took over Gold Strike from Mandalay Resort Group LLC and paid Mandalay about $450 million in cash for the casino. Cherokee Nation Businesses CEO Chuck Garrett cuts the ribbon with the official ownership change of Gold Strike Casino Resort from Mandalay Resort Group.
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