![]() At the closing of the transaction, MGM Resorts' master lease agreement with VICI Properties (a publicly traded real estate investment trust), which currently includes Gold Strike, will be amended to reduce annual rent by $40 million. Pre-pandemic, Gold Strike reported Adjusted Property EBITDAR of $67 million in 2019. Strategically, though, we decided to narrow our focus in Mississippi to a single resort – Beau Rivage," said Bill Hornbuckle, CEO & President, MGM Resorts International.įor the twelve months ended December 31, 2021, Gold Strike reported net income of $81.1 million and Adjusted Property EBITDAR of $115 million, calculated as net income of $81.1 million, adjusted for $0.4 million of interest and other non-operating expense, $8.0 million of depreciation and amortization, $0.1 million of net property transactions, and $25.4 million of rent expense associated with triple-net operating leases. "Gold Strike is a wonderful property with a bright future ahead. ![]() MGM Resorts International announced that it has reached an agreement to sell the operations of Gold Strike Tunica, a 1,133 rooms casino hotel in Mississippi, to Cherokee Nation Entertainment Gaming Holdings, LLC, a subsidiary of Cherokee Nation Businesses, for $450 million in cash, subject to customary adjustments. Subscribe to our email newsletter and follow us on social media.
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![]() The staff were friendly and helpful, and made sure we had everything we needed for a great day on the water. There was plenty of parking and the rental process was easy. We also appreciated the convenience of the facilities at Watson Lake. We enjoyed paddling around and taking in the views.īut the beauty of the lake and the rock formations wasn't the only highlight of our visit. The rock formations were particularly impressive, with towering cliffs and unique shapes. The water was calm and the scenery was breathtaking. We had a great time exploring the lake on our paddle boards. ![]() It was the perfect spot for a day of paddle boarding. The lake was crystal clear and surrounded by stunning rock formations. We will definitely be visiting again.Īs soon as we arrived at Watson Lake, we were struck by its beauty. The lake was beautiful, the rock formations were brilliant, and we had a great time paddle boarding. We recently visited Watson Lake on our way home and I must say, it was a fantastic experience. The kickoff came just days before the 2022 NFL season. Read more Catawba Two Kings Casino opens 24-hour sportsbook Septem-Ĭatawba Two Kings Casino opened a sportsbook last Tuesday inside its temporary casino. Last March the National Indian Gaming Commission (NIGC) opened an investigation into the financial dealings between the Catawba Indian Nation and the slot machine vendor. Read more Two Kings Casino's federal investigation nears completion Novem. ![]() The National Indian Gaming Commission has concluded an investigation into the Catawba Two Kings Casino and found multiple violations of the Indian Gaming. Read more Catawba Two Kings Casino facing temporary closure for federal violations Decem. The latest information regarding construction of the future Two Kings Casino Resort was released in an email this week from a spokesman for the Catawba Nation Gaming Authority. ![]() Read more Catawba Two Kings Casino: Construction Update Feb 2023 Febru. Work was to follow the opening of the temporary casino in July 2021 however, the. 2023 Octo-Ĭonstruction of the permanent Catawba Two Kings Casino has not begun. News Catawba Two Kings Casino Construction - Update Oct. ![]() Indian casinos around Southern California are celebrating Halloween with special cocktail concoctions, costume contests, live music, Halloween bites and special gaming promotions. News Headlines Southern California Casinos Celebrate Halloween Octo. These changes were completed in September 2018.įuture expansion plans have not been announced. Table games can be found in the original high-limit gaming room. The previous non-smoking room has been replaced by the high-limit slot machines. 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