"I want to thank all of our Gold Strike employees who have consistently delivered world-class gaming and entertainment experiences to our guests," said Bill Hornbuckle, CEO & President, MGM Resorts International. ![]() The deal, which is subject to regulatory approvals and other customary closing conditions, is expected to close in the first half of 2023. ![]() The operations are to be acquired by Cherokee Nation Entertainment Gaming, a subsidiary of Cherokee Nation Businesses.Īccording to a press release, the purchase price represents an approximate 11 times multiple on average Adjusted Property EBITDA from 2019-2021. Hospitality and entertainment giant MGM Resorts International announced on Thursday an agreement to sell the operations of the Gold Strike casino and resort in Tunica, Mississippi, for $450 million in cash.
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