![]() LAS VEGAS, J/PRNewswire/ - MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that it has reached an agreement to sell the operations of Gold Strike Tunica ("Gold Strike") to Cherokee Nation Entertainment Gaming Holdings, LLC ("CNE"), a subsidiary of Cherokee Nation Businesses, for $450 million in cash, subject to customary adjustments. Latest news reports from around the web that pertain to online gambling and casinos.Purchase price represents an approximate 11 times multiple on average Adjusted Property EBITDA from 2019-2021 Make the most of your casino dollars, where we store the bonuses and have player oriented news and information Major lotteries, lottery companies and lottery news from around the world. ![]() Poker tournaments, online poker legislation, poker law and poker news from around the world Information on the development of casino games for deployment in brick and mortar casinos. International gaming industry news: conferences, regulation, laws, employment and major gaming company moves. Major international gaming news and updates from around the world, organized by continent Latest Casino and Gambling News (19536)īreaking news, casino openings and closings, plus news concerning legislation and legal issues surrounding both land casinos and online gambling.There would be twice as much on the Coast, however, over 20 casino developers who have received location approval since Hurricane Katrina in 2005, have been unable to raise the financing to construct their casino-resorts. South Mississippi includes 12 casinos in Harrison and Hancock counties, with few more proposed in Biloxi, D’Iberville and Long Beach. One of these steps is to apply for a permit to continue, which is a very strict process in itself, which will require the developers to prove they have the funds to finish the casino and provide all the necessary amenities on a compact location. There are still steps left before the construction of the casino begins. This location approval hearing is just the first step toward constructing a casino at the location, according to McDaniel. On that note, the Mississippi Gaming Commission believes it is necessary for all of the newest casinos on the Coast to have 300 hotel rooms, minimum 40,000 square feet of casino space, fine dining and amenities created to offer anything that will boost the local casino market. The proposed casino-resort will have 40,000 square meters of casino space, 25 table games, 1,100 slot machines and 6 poker tables, according to a required statutory advertisement in the Sea Coast Echo. In this regard, Jay McDaniel, executive director of the Mississippi Gaming Commission, said: “They’ve met all the regulations to get on the agenda.” Louis are seeking location approval for the aforementioned Hancock County casino-resort. The locations are west of Buccaneer State Park, and Kirk Ladner of Diamondhead and Russell Elliott of Bay St. The 3,93 acre site is east of the Silver Slipper Casino and next to a 98.5-acre site owned by Cure Land Co., which has received location approval but is still undeveloped. ![]() However, if supported by the Commission, it would become the casino’s third location approximately two miles from the beach. in the Clermont Harbor and Lakeshore development in Hancock County is only 4 acres. The proposed casino location at 6081 South Beach Blvd. 90 in Biloxi and the developers had several hearings by the Mississippi Gaming Commission for location approval.ĭescription of the proposed casino location: Its planned location was Veterans Avenue and U.S. However, one more South Beach Casino was proposed in 2008. On that note, South Mississippi may have one more competitor to officially become the 13th casino on the Coast. On Thursday, March 23, the developer of South Beach Casino and Resort will have a location approval hearing from the Mississippi Gaming Commission. U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Online Gambling News, Licensing, Mississippi
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