For more information, visit and View source version on businesswire.BUFFET AMERICANA ENHANCES DINNER MENU OFFERINGS CNE operates Gold Strike Casino Resort in Tunica, one of the most recognizable gaming destinations in the region. With three decades of expertise in providing exceptional gaming experience, the company owns and operates Hard Rock Hotel & Casino Tulsa and nine Cherokee Casinos in Oklahoma, including a racino, three resort hotels, three golf courses and other retail operations. For more information, please visit or follow CNB on Facebook, Twitter and LinkedIn.Ĭherokee Nation Entertainment is the gaming and hospitality company of the Cherokee Nation. CNB owns companies in the consulting, health sciences, hospitality, real estate, technology, distribution and logistics, engineering, manufacturing, construction and environmental services industries.
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CNB blends its heritage of ingenuity with modern business experience to solve complex challenges, serve clients nationwide and to remain one of the drivers of Cherokee Nation’s prosperity and stability. The Cherokee Nation and its businesses employ 11,000 people. Latham & Watkins, along with Scale LLP, served as legal advisors, and Jones Walker served as special gaming counsel.įor more information about Gold Strike Casino Resort, visit More information about One Star Rewards® is available at About Cherokee Nation Businesses:Ĭherokee Nation Businesses is the tribally owned holding company of one of the largest Indian Nations in the United States. "We’re looking forward to sharing that commitment with the people of Mississippi by also investing in their communities and contributing to the local economy."ĬBRE Securities served as exclusive strategic and financial advisor to Cherokee Nation Businesses in connection with the transaction. Building our business outside of Oklahoma is a huge step that strengthens our ability to boost the Cherokee Nation economy while also building on our reputation of being a strong community partner and industry leader," said Chuck Garrett, president and chief executive officer of Cherokee Nation Businesses. "This acquisition is a natural evolution for our company. Operations continue as usual, and the more than 1,100 team members dedicated to Gold Strike Casino Resort were retained.
Gold Strike Casino Resort is located on the Mississippi River, approximately 30 minutes from downtown Memphis. (NYSE: VICI), which owns the real property associated with Gold Strike Casino Resort. Concurrent with the purchase, the operating entity entered into a long-term lease agreement with GSCR Propco LLC, a subsidiary of VICI Properties Inc.
The Mississippi Gaming Commission issued its determination of suitability and approval of the acquisition in January. We are excited to invest in this beautiful property and bring our three decades of industry experience to guests in the Mid-South market."ĬNE Gaming Holdings LLC purchased the operating company from Mandalay Resort Group LLC, a subsidiary of MGM Resorts International (NYSE: MGM), for approximately $450 million in cash. "For years, we’ve set the standard of excellence in gaming. "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," said Mark Fulton, president and chief operating officer of Cherokee Nation Entertainment. Gold Strike Casino Resort in Tunica, Mississippi.
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