Gold Strike Casino in Tunica sold

Gold Strike Casino Resort, an MGM property in Tunica, has been sold.

An announcement made this morning said the sale was approved by the Mississippi Gaming Commission.

The company acquiring Gold Strike is CNE Gaming Holdings LLC, an indirect subsidiary of Cherokee Nation Businesses.

CNE Gaming Holdings bought Gold strike from Mandalay Resort Group, a subsidiary of MGM Resorts International, the parent company of Beau Rivage Casino Resort in Biloxi. The purchase price was $450 million in cash.

Gold Strike Casino Resort will continue to offer longtime dining staples like Chicago Steakhouse, Buffet Americana and Sweet Tea, as well as more than 1,100 luxury guest rooms, a theater, high-limit gaming and a sportsbook. The property has also implemented the One Star Rewards® loyalty program that enables casino patrons to earn rewards and enjoy the benefits of the company’s 10 gaming destinations. Current and future guest reservations at the Gold Strike property are being honored.

“Patrons of Gold Strike have become accustomed to the excitement and southern hospitality they receive when they walk through our doors. Our plan is to build on that and exceed those high expectations every day,” said Max Fisher, general manager of Gold Strike. “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.”