“We are pleased to welcome Cherokee Nation Businesses as our ninth gaming tenant, and we look forward to a long-term partnership as they pursue additional growth initiatives in the future. “This transaction continues to demonstrate Vici’s ability to build strong relationships with new partners while working collaboratively with existing tenants to support their strategic objectives,” Vici president and chief executive John Payne said. This lease would have an initial annual base rent of $40m, while other economic terms would primarily the same as the MGM Master Lease, including a base term of 25 years with three 10-year tenant renewal options. Vici also agreed to enter into a new separate lease with Cherokee Nation Businesses related to the operations of Gold Strike. Strategically, though, we decided to narrow our focus in Mississippi to a single resort – Beau Rivage – and dedicate more of our time and resources towards continuing to drive success at that leading, world-class resort and casino.”Ĭherokee Nation Businesses chief executive Chuck Garrett added: “We are excited about the opportunity to grow our gaming and hospitality businesses as we execute on our strategic growth plan to expand our presence outside of the Cherokee Nation Reservation.” “Gold Strike is a wonderful property with a bright future ahead. Gold Strike Casino Resort in Tunica has been under the umbrella of Las Vegas-based MGM Resorts International for more than 15 years, but that is due to change come next year. Find Gold Strike Casino venue concert and event schedules, venue information, directions, and seating charts. “I want to thank all of our Gold Strike employees who have consistently delivered world-class gaming and entertainment experiences to our guests,” MGM Resorts International chief executive and president Bill Hornbuckle said. MGM added that it expects net cash proceeds after taxes and estimated fees from the sale to be approximately $350m. Should the deal go through as expected, MGM Resorts’ master lease agreement with Vici Properties, which currently includes Gold Strike, will be amended to reduce annual rent by $40m. The transaction is expected to close in the first half of 2023, subject to regulatory approvals and other customary closing conditions. Gold Strike opened in 1994 and was acquired by MGM Resorts in 2005. These hotels may also be interesting for you.Gold Strike opened in 1994 and was acquired by MGM Resorts in 2005, Gold Strike Tunica has a casino, sportsbook, hotel, shops, several nightclubs and a number of restaurants.įor the twelve months ended 31 December 2021, Gold Strike posted net income of $81m and adjusted property earnings before interest, tax, depreciation, amortisation and rent (EBITDAR) of $115m. This could be disruptive to a good night's sleep and booking rooms away from the elevators may be a better option.Ģ Interesting hotels nearby Gold Strike Casino Resort Negative: Noisy elevators may be disruptive.Ĭertain rooms such as those near the end of the hall may experience higher levels of noise coming from the hotel elevators which run all night and are noisy in operation. The property is well-situated close to a number of local attractions including Tunica River Park, Tunica National Golf Course and Tunica Queen Riverboat Casino Factory Shoppes, all within 10km of the resort. A café and coffee shop is also available to guests. The caller told deputies that she and three others were shot while. Stage2 Stage Bar Entertainment on June 4: Noon - Dueces Wild 4pm - Soul Food 6pm - DJ 123KSP 8pm - Ground Control Stage2 inside Gold Strike Casino Resort offers live entertainment nightly. The resort features four separate restaurants as well as two bar lounges and a live entertainment venue with stage. 22, Tunica deputies received a 911 call to respond to a shooting outside the Gold Strike. Gold Strike Casino Resort Robinsonville features a 24-hour front desk and lobby area as well as an indoor pool, a spa, live entertainment, 50,000 square foot casino floor, free valet parking and free Wi-Fi throughout. Suites also offer separate living areas and wet bars. Modern rooms include en-suite marble bathrooms, seating areas, flat screen satellite TV, free Wi-Fi, coffee makers, hair dryers and room service. Less than thirty miles from Memphis International Airport, the Gold Strike Casino Resort, Robinsonville offers great entertainment and affordable accommodation with plenty of amenities. Cherokee Nation Entertainment Gaming Holdings, LLC, a subsidiary of Cherokee Nation Businesses, today announced it has reached an agreement with MGM Resorts International (NYSE: MGM) to purchase the operations of Gold Strike Tunica for 450 million in cash, subject to customary adjustments.
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