![]() Price Action: MGM shares closed 3.04% lower at $34.32 on Thursday. 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," said CEO Bill Hornbuckle. "Gold Strike is a wonderful property with a bright future ahead. Now for those of you who want to tell me that when you gamble you lose moneyI realize that. The transaction is expected to close in the first half of 2023. We checked out of the Gold Strike the next morning and I can honestly say we will NEVER GO BACK. MGM's master lease agreement with VICI Properties Inc (NYSE: VICI) will be amended to reduce annual rent by $40 million to account for the sale of the operations of Gold Strike. The company expects net cash proceeds after taxes and estimated fees to be about $350 million.įor the twelve months ended December 31, 2021, Gold Strike reported a net income of $81.1 million and Adjusted Property EBITDAR of $115 million. BETMGM features a state-of-the-art Topgolf® Swing Suite, where you and your friends can enjoy a wide selection of arcade games, including Simulated PGA Courses and Zombie Dodgeball.MGM Resorts International (NYSE: MGM) has decided to sell the operations of Gold Strike Tunica to Cherokee Nation Entertainment Gaming Holdings LLC (CNE), a subsidiary of Cherokee Nation Businesses, for $450 million in cash. Make your night out even more special with our VIP lounge video poker bar.Īt BetMGM Sportsbook you don’t have to worry about being exposed to secondhand smoke– we offer a completely smoke-free environment so you can enjoy your time without worrying about your health. With over 50 HD flat-screen TVs, it’s the perfect place to catch all the live action. The Gold Strike is only about 35 minutes from downtown Memphis and Memphis International. Interestingly, this was the tallest building in Mississippi at the time of its opening and still is the third tallest today. ![]() casino, and a conference and convention center. Our menu has something for everyone!īetMGM Sportsbook has everything you need for an unforgettable night out. This property has 1,100 oversized rooms that include 125 suites, a 50,000 sq. ![]() Enjoy southern comfort fare, pub classics, and an extensive drink menu featuring draft beers, wine, and cocktails. BetMGM Book Bar & Grill is the Mid-South’s premier sports entertainment and betting venue. ![]()
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