MGM Resorts CEO, Bill Hornbuckle, stated via a news release, “Gold Strike is a wonderful property with a bright future ahead. There are conference rooms and a convention center along with several dining options. The Gold Strike has 1100 rooms, including 125 luxury suites, as well as a 50,000-square-foot casino replete with a sportsbook run by BetMGM. After shedding the Gold Strike from its portfolio, MGM now has just one casino in Mississippi, the Beau Rivage located in Biloxi. MGM has owned the 32-story edifice since 2005 but the casino was originally built in 1994. CNE is expected to take over the Gold Strike sometime in the first semester of 2023. This acquisition will enable us to better serve our mission of growing Cherokee Nation’s economy while also having a significant positive impact on the local economies we serve.” Is the $450 Million Deal Final?Īlthough the deal has yet to be finalized, it appears as though there will be no obstacles too big to climb for the consummation of the sale. We are excited for the team at Gold Strike Tunica to join the CNE family.”Ĭhuck Garrett, CEO of CNB, issued a statement of his own regarding the purchase saying, “We look forward to expanding our gaming and hospitality businesses as we execute on our strategic plan to grow our footprint outside of the Cherokee Nation Reservation.

Mark Fulton, president of CNE, said in a statement, “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. territories.Ĭherokee Nation Entertainment Gaming Holdings, LLC (CNE) is one of CNB’s businesses and it has recently come to terms with gaming giant, MGM Resorts International, on the jewel of Tunica, the Gold Strike Casino. What Is Cherokee Nation Businesses?Ĭherokee Nation Businesses (CNB) is a holding company that has several enterprises under its umbrella and employs over 7500 people across 25 countries and 49 American states, including a pair of U.S. Now, they will enter into a long-term agreement with the property owner, VICI Properties Inc. Cherokee Nations Businesses is expanding its footprint and is buying, from MGM, the Gold Strike Casino in Tunica, Mississippi, for $450 million.

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