"Gold Strike is a wonderful property with a bright future ahead.” "I want to thank all of our Gold Strike employees who have consistently delivered world-class gaming and entertainment experiences to our guests," said Bill Hornbuckle, CEO & President, MGM Resorts International. The deal, which is subject to regulatory approvals and other customary closing conditions, is expected to close in the first half of 2023.
The operations are to be acquired by Cherokee Nation Entertainment Gaming, a subsidiary of Cherokee Nation Businesses.Īccording to a press release, the purchase price represents an approximate 11 times multiple on average Adjusted Property EBITDA from 2019-2021. The company was founded by Kerkor Kerkorian on Januand is headquartered in Las Vegas, NV.Hospitality and entertainment giant MGM Resorts International announced on Thursday an agreement to sell the operations of the Gold Strike casino and resort in Tunica, Mississippi, for $450 million in cash. The MGM China segment consists of MGM Macau and MGM Cotai. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan Beau Rivage in Biloxi, Mississippi Gold Strike Tunica in Tunica, Mississippi Borgata in Atlantic City, New Jersey MGM National Harbor in Prince George's County, Maryland and MGM Springfield in Springfield, Massachusetts. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts.
0 kommentar(er)
