Gold Strike Casino Tunica Winners

  1. Gold Strike Casino Tunica Winners
  2. Gold Strike Casino Tunica Events
Gold Strike Casino Tunica Winners

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1st Jackpot Casino Tunica
Location Tunica Resorts, Mississippi
Address 1450 Jackpot Blvd, Robinsonville, MS 38664
Opening date1995; 25 years ago
Total gaming space46,535 sq ft (4,323.2 m2)
Casino typeLand-based
OwnerGaming & Leisure Properties
Operating license holderPenn National Gaming
Previous namesBally’s
Website1stjackpot.com

1st Jackpot Casino Tunica (formerly Bally's) is a casino and former hotel in Tunica Resorts, Mississippi. It is owned by Gaming & Leisure Properties and operated by Penn National Gaming. The casino has 46,535 square feet (4,323.2 m2) of gaming space, with 899 slot machines and 16 table games.[1]

History[edit]

https://golcamera.netlify.app/charlestown-races-and-slots-hours-of-operation.html. Bally's Saloon & Gambling Hall was originally opened on December 6, 1993 at Mhoon Landing by Bally Manufacturing.[2][3]

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Gold Strike Casino Tunica Winners

In 1994, Lady Luck Gaming opened its Olympia Hotel in Robinsonville, an area 10 miles north of Mhoon Landing which had emerged as a prime casino site because of its closer proximity to Memphis.[4] Lady Luck began construction of a casino to accompany the hotel, but suspended it later that year because of financial difficulties.[5]

In February 1995, Bally and Lady Luck entered into a joint venture agreement, under which Bally would close its casino and move the barge upriver to dock at Lady Luck's hotel.[4] Bally would own 58 percent of the combined venture and manage it, with Lady Luck and a local partner owning the rest.[4][6] Bally's at Mhoon Landing closed on February 9.[4] The casino reopened at its new location in Robinsonville (now Tunica Resorts) on December 18, 1995.[7]

Hilton Hotels acquired Bally in 1996 and then purchased Lady Luck's share of Bally's Tunica in 1997 for $15 million.[8] Hilton's gaming division, including Bally's, was spun off in 1998 as Park Place Entertainment, later renamed as Caesars Entertainment.

In 2004, Harrah's Entertainment agreed to purchase Caesars.[9] The deal provoked antitrust concerns in some markets, including Tunica, where the combined company would own 5 out of the 9 casinos in the area.[10] To ensure approval of the merger, Harrah's and Caesars agreed to sell four casinos, including Bally's Tunica and Harrah's Mardi Gras, to Colony Capital.[11] The sale was completed in April 2005.[12] The casino continued using the Bally's name under a licensing agreement. The two properties became part of Resorts International Holdings, a newly formed affiliate of Colony Capital.[13]

In 2011, facing a threat of foreclosure, Resorts International Holdings agreed to hand over ownership of Bally's Tunica and Resorts Tunica (formerly Harrah's) to lenders.[14] Foundation Gaming Group, a company based in Gulfport, was retained to manage the two properties.[15]

In January, 2014, RIH Acquisitions MS II assumed the management of Bally's Tunica and Resorts Tunica.

In May 2017, Bally's and Resorts Tunica were sold in a joint deal, with Gaming & Leisure Properties acquiring their real estate assets for a total of $83 million, and Penn National purchasing the operating assets for a total of $44 million.[16][17] The casino was renamed in September 2017 to 1st Jackpot Casino Tunica.[18] The hotel was later demolished.[19]

Gold Strike Casino Tunica Winners

References[edit]

  1. ^Monthly Survey Information (Property Data)(PDF) (Report). Mississippi Gaming Commission. September 2017. Retrieved 2017-10-29.
  2. ^Laurel Campbell (December 7, 1993). 'Adjacent casinos open in Tunica'. The Commercial Appeal. Memphis, TN – via NewsBank.
  3. ^'Bally's licensed to open in Tunica'. The Commercial Appeal. Memphis, TN. AP. December 4, 1993 – via NewsBank.
  4. ^ abcdMichelle Hillier (February 10, 1995). 'Bally's Casino to try luck closer to Memphis'. Arkansas Democrat-Gazette. Little Rock, AR – via NewsBank.
  5. ^Mike Hughlett (August 26, 1994). 'Casino company halts projects in Mississippi'. The Times-Picayune. New Orleans, LA – via NewsBank.
  6. ^'The Ticker - Lady Luck'. Chicago Sun-Times. February 10, 1995 – via NewsBank.
  7. ^Michelle Hillier (December 22, 1995). 'Bally's rolls upriver, reopens casino closer to Memphis crowds'. Arkansas Democrat-Gazette. Little Rock, AR – via NewsBank.
  8. ^'Lady Luck sells interest in Bally's'. The Advocate. Baton Rouge, LA. AP. November 7, 1997 – via NewsBank.
  9. ^Suzette Parmley (July 16, 2004). 'Harrah's plans to acquire Caesars'. Philadelphia Inquirer – via NewsBank.
  10. ^Oliver Staley (September 1, 2004). 'Casinos to be sold in merger'. The Commercial Appeal. Memphis, TN – via NewsBank.
  11. ^Oliver Staley (September 28, 2004). '2 Tunica casinos are sold'. The Commercial Appeal. Memphis, TN – via NewsBank.
  12. ^Michelle L. Quinn (April 27, 2005). 'Few changes as Resorts takes over at E.C. casino'. Post-Tribune. Gary, IN – via NewsBank.
  13. ^'Company creates casino division, names COO'. Las Vegas Sun. July 11, 2005. Retrieved 2017-10-30.
  14. ^Wayne Parry (November 4, 2011). 'Deal keeps struggling casino out of foreclosure'. The Star-Ledger. Newark, NJ – via NewsBank.
  15. ^'Firms chosen to run 2 casinos'. Huntsville Times. November 19, 2011 – via NewsBank.
  16. ^Form 10-Q: Quarterly Report (Report). Gaming & Leisure Properties. May 3, 2017. p. 8 – via EDGAR.
  17. ^Form 10-Q: Quarterly Report (Report). Penn National Gaming. May 3, 2017. p. 23 – via EDGAR.
  18. ^'Facebook - 1st Jackpot Casino Tunica'. September 11, 2017. Retrieved 2017-10-29.
  19. ^https://wreg.com/2017/10/30/ballys-hotel-in-tunica-demolished/

External links[edit]

Coordinates: 34°50′44″N90°19′21″W / 34.845441°N 90.322486°W

Retrieved from 'https://en.wikipedia.org/w/index.php?title=1st_Jackpot_Casino_Tunica&oldid=905262492'
(Redirected from Gold Strike Casino Resort)
Gold Strike Tunica
Location Tunica Resorts, Mississippi 38664
Address 1010 Casino Center Drive
Opening dateAugust 29, 1994; 25 years ago
ThemeLuxury
No. of rooms1,258
Casino typeland-based
OwnerMGM Resorts International
Previous namesCircus Circus Tunica
Renovated in1997, 2009, 2010
WebsiteGold Strike Casino Resort

Gold Strike Tunica (formerly Circus Circus Tunica) is an MGM Resorts International resort in Tunica Resorts, Mississippi, 20 minutes south of Memphis, Tennessee.

  • 2History

Casino[edit]

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. 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. The resort also includes Chicago Steakhouse restaurant, which has won several awards including the Wine Spectator Award of Excellence; a recently opened nightclub, Red Door; a spa and salon; the 800-seat Millennium Theater; and 50,000 square feet (4,600 m2) of gaming space with 52 table games and more than 1,400 slot machines.

At 31 stories tall, Gold Strike Casino Resort is one of the most recognizable buildings in Tunica and towers above all other structures.[1] When built, the gold tower was reported to be the tallest building in Mississippi.[2][3]

History[edit]

Circus Circus (1994-97)[edit]

Gold Strike was originally opened by Circus Circus Enterprises as Circus Circus Tunica on August 29, 1994. The building, resembling a circus tent, did not house a hotel. Due 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.

Gold Strike (1997-present)[edit]

The casino was rebranded as the Gold Strike Casino Resort and given a more upscale theme. The total cost for the remodel was estimated to be $125 million.[4] The Gold Strike's 31-story hotel tower was the tallest building in the state of Mississippi at the time of its opening, providing stark contrast to an area of the state previously devoted mostly to agriculture.[2] In 2009, the resort underwent another multimillion-dollar renovation during which time the property remained opened.

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References[edit]

  1. ^Joe Bob Briggs, 'The Vegas Guy: Gold Strike Casino/Tunica', United Press International, July 23, 2002.
  2. ^ abDavid L. Langford, 'Casinos put Mississippi Delta county on the map', Associated Press in The Cincinnati Enquirer, April 11, 1999.
  3. ^Stephanie N. Mehta, 'Legalized gambling lifts a depressed town', Fortune, March 15, 2007.
  4. ^'Circus Circus Enterprises, Inc.--A Gaming Company'. Uploaded 2010-02-04. Archived from the original on June 10, 2010. Retrieved 2010-07-05.Check date values in: |date= (help)

External links[edit]

Coordinates: 34°50′47″N90°19′57″W / 34.84635°N 90.33255°W

Gold Strike Casino Tunica Events

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Gold_Strike_Tunica&oldid=936116861'