![]() ![]() The total cost for the remodeling was estimated to be $125 million. The casino was rebranded as the Gold Strike Casino Resort and given a more upscale theme. The building, resembling a circus tent, did not house a hotel.ĭue to a 50% decline in operating income in 1997, Circus Circus began to renovate the property, adding a 1,200-room tower hotel and other features including a theater. The casino was originally opened by Circus Circus Enterprises (later Mandalay Resort Group) as Circus Circus Tunica on August 29, 1994. When built, the gold tower was reported to be the tallest building in Mississippi. The resort also includes Chicago Steakhouse restaurant, which has won several awards including the Wine Spectator Award of Excellence a spa and salon the 800-seat Millennium Theater and 50,000 square feet (4,600 m 2) of gaming space with 52 table games and more than 1,400 slot machines.Īt 31 stories tall, Gold Strike Casino Resort is one of the most recognizable buildings in Tunica and towers above all other structures. ![]() The upgrade, which took two years to complete and is the largest in the casino resort's history, included all of Gold Strike's 1,133 oversized rooms and 125 suites, the conference and convention center, the Atrium Café, the Courtyard Buffet and the high-limit gaming and lobby areas. In 2008, MGM Mirage made a large investment in Gold Strike Casino Resort and a commitment to the Tunica market with a multimillion-dollar renovation and remodeling project. ![]() It is owned by Vici Properties and operated by Cherokee Nation Businesses. Gold Strike Tunica (formerly Circus Circus Tunica) is a casino hotel in Tunica Resorts, Mississippi, 20 minutes south of Memphis, Tennessee. JSTOR ( January 2015) ( Learn how and when to remove this template message).Unsourced material may be challenged and removed.įind sources: "Gold Strike Tunica" – news Please help improve this article by adding citations to reliable sources. Net income for the quarter was $284m, compared to $131m in Q4 2021.This article needs additional citations for verification. MGM posted a $2m loss for the quarter, compared to operating income of $369m over the same period in 2021. The company cited an increase in business and travel volume at its Las Vegas Strip properties as one of the reasons for the increase, along with the inclusion of operating results from the Cosmopolitan, acquired in May 2022. The company reported revenue of $3.6bn, up 18 per cent compared to the same period the previous year. MGM Resorts International has reported financial results for the quarter ended December 31, 2022. MGM Resorts International reports 18% increase in Q4 revenue It has a 7,000-square-foot gaming area, cocktail service, VIP lounge, and exclusive cage and credit services. In 2022, the Gold Strike Casino Resort opened its $4m high-limit room renovation. We are looking forward to the new opportunities for providing a world-class experience to all of our patrons and continue leading the industry in our region.” Our plan is to build on that and exceed those high expectations every day. Max Fisher, general manager of Gold Strike, commented: “Patrons of Gold Strike have become accustomed to the excitement and southern hospitality they receive when they walk through our doors. We are excited to invest in this beautiful property and bring our three decades of industry experience to guests in the Mid-South market.” For years, we’ve set the standard of excellence in gaming. Mark Fulton, president and chief operating officer of Cherokee Nation Entertainment, added: “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. I wish Gold Strike well, and firmly believe a bright future is ahead for this property.” CNE Gaming Holdings paid $450m in cash.īill Hornbuckle, CEO & President, MGM Resorts International, said: “Gold Strike is an iconic property in Mississippi, and the employees there represent southern hospitality at its finest. Operations will continue as usual, with the more than 1,100 team members to be etained. Gold Strike Casino Resort is located on the Mississippi River. CNE Gaming Holdings, a subsidiary of Cherokee Nation Businesses, has taken over the operations after gaining approval from the Mississippi Gaming Commission. US.- MGM Resorts International has announced that it has closed on the sale of the operations of Gold Strike Tunica, Mississippi. MGM Resort has sold Gold Strike Tunica to the Cherokee Nation Businesses subsidiary. ![]()
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