“Gold Strike is a wonderful property with a bright future ahead. Strategically, though, we decided to narrow our focus in Mississippi to a single resort – Beau Rivage – and dedicate more of our time and resources towards continuing to drive success at that leading, world-class resort and casino.”Ĭherokee Nation Businesses’ chief executive Chuck Garrett added: “We are excited about the opportunity to grow our gaming and hospitality businesses as we execute on our strategic growth plan to expand our presence outside of the Cherokee Nation Reservation.” ![]() “I want to thank all of our Gold Strike employees who have consistently delivered world-class gaming and entertainment experiences to our guests,” MGM Resorts International chief executive and president Bill Hornbuckle said. MGM added that it expects net cash proceeds after taxes and estimated fees from the sale to be approximately $350m. Should the deal go through as expected, MGM Resorts’ master lease agreement with Vici Properties, which currently includes Gold Strike, will be amended to reduce annual rent by $40m. The transaction is expected to close in the first half of 2023, subject to regulatory approvals and other customary closing conditions.
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