(NYSE: VICI), which owns the real property associated with Gold Strike Casino Resort. Concurrent with the purchase, the operating entity entered into a long-term lease agreement with GSCR Propco LLC, a subsidiary of VICI Properties Inc.

The Mississippi Gaming Commission issued its determination of suitability and approval of the acquisition in January. We are excited to invest in this beautiful property and bring our three decades of industry experience to guests in the Mid-South market.'ĬNE Gaming Holdings LLC purchased the operating company from Mandalay Resort Group LLC, a subsidiary of MGM Resorts International (NYSE: MGM), for approximately $450 million in cash. 'For years, we've set the standard of excellence in gaming.

'This is a historic day of growth for our hospitality portfolio as we enter the commercial gaming industry, and we welcome the wonderful team at Gold Strike to the family,' said Mark Fulton, president and chief operating officer of Cherokee Nation Entertainment. More than 50 Gold Strike employee volunteers also received Red Cross training in damage assessment and shelter operations.Gold Strike Casino Resort, Tunica, Mississippi In addition, a temporary dining facility, known as the 'Levee Café,' has been open 24/7 for employees, emergency management and other government officials, first responders, gaming industry employees and anyone else interested in a free hot meal during the resort's temporary closure. The employee health clinic, located across the levee from the resort, has remained open during the shutdown and human resource representatives are onsite seven days a week. For employees who live in flooded areas, MGM Resorts is helping facilitate access to company emergency relief funds and federal assistance. MGM Resorts guaranteed Gold Strike employees full pay and benefits including tips, throughout the closure. Now comes the exciting part, where we get to bring our incredible employees back to reopen the property and re-ignite tourism to the region.' Once secure, our focus turned to mitigation efforts and asset protection. 'Our initial priority was the safety of our employees and guests. Corchis, Jr., president and COO of MGM Resorts International Regional Operations. 'We're anxious to open our doors for our customers and to get our employees back to work,' said George P.

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