7/26/2023 0 Comments The gold strike tunica msWeil, Gotshal & Manges LLP served as legal counsel to MGM Resorts.Ĭalculated as net income of $47 million, adjusted for $3 million of depreciation and amortization, $7 million of property transactions, net, and $41 million of rent expense associated with triple-net operating leases. The Company expects net cash proceeds after taxes and estimated fees to be approximately $350 million. Check Rates Or, browse all pet friendly hotels in Robinsonville if you’re still looking. Please choose a different pet friendly hotel in Robinsonville for your trip. (NYSE: VICI) that currently includes the Gold Strike property will be amended to reduce the annual rent by $40 million to account for the Company's sale of the operations of Gold Strike. Gold Strike Casino Resort 1010 Casino Ctr Dr, Robinsonville, MS 38664 No Reviews Website Directions Gold Strike Casino Resort does not allow dogs. At the closing of the transaction, MGM Resorts' master lease with VICI Properties, Inc. "We plan to use the proceeds from this transaction to further fortify our balance sheet, deploy capital to growth opportunities, and return capital to shareholders," said Jonathan Halkyard, CFO & Treasurer, MGM Resorts International.įor the year ended December 31, 2022, Gold Strike reported net income of $47 million and Adjusted Property EBITDAR of $98 million 1. "I wish Gold Strike well, and firmly believe a bright future is ahead for this property." "Gold Strike is an iconic property in Mississippi, and the employees there represent southern hospitality at its finest," said Bill Hornbuckle, CEO & President, MGM Resorts International. MGM Resorts International (NYSE: MGM) today announced it has closed on the sale of the operations of Gold Strike Tunica to CNE Gaming Holdings, L.L.C., a subsidiary of Cherokee Nation Businesses, for $450 million in cash. The nightlife is the gold standard in Tunica, featuring stage bars with live music and the 800-seat Gold Strike Theater, which hosts the biggest names in entertainment. He told police that a man tried to rob him while inside the restroom. Gold Strike Tunica offers 50,000 square feet of 24-carat casino fun, with more than 1,400 reel and video slot machines, plus the finest blackjack, roulette and craps action around. Deputies found the victim with a minor injury. MGM Resorts International Sells Operations of Gold Strike Tunica Resort in Mississippi for $450 Million in Cash (WMC) - Tunica County Sheriff’s Office is investigating a robbery where a shot was fired inside the bathroom at Gold Strike Casino.
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