CNE Gaming Holdings, an indirect subsidiary of Cherokee Nation Businesses, officially assumed operations of Gold Strike Casino Resort after receiving approval from the Mississippi Gaming Commission. CNE Gaming Holdings purchased the operating company from Mandalay Resort Group, a subsidiary of MGM Resorts International (MGM), for approximately $450M in cash. The Mississippi Gaming Commission issued its determination of suitability and approval of the acquisition in January. Concurrent with the purchase, the operating entity entered into a long-term lease agreement with GSCR Propco LLC, a subsidiary of VICI Properties (VICI), which owns the real property associated with Gold Strike Casino Resort.
Published first on TheFly
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