![]() CNB owns companies in the consulting, health sciences, hospitality, real estate, technology, distribution and logistics, engineering, manufacturing, construction and environmental services industries. 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 Media Resources:Ĭherokee Nation Businesses is the tribally owned holding company of one of the largest Indian Nations in the United States. "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."ĬBRE Securities served as exclusive strategic and financial advisor to Cherokee Nation Businesses in connection with the transaction. Our plan is to build on that and exceed those high expectations every day," said Max Fisher, general manager of Gold Strike. "Patrons of Gold Strike have become accustomed to the excitement and southern hospitality they receive when they walk through our doors. Current and future guest reservations at the Gold Strike property are being honored. 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. 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. (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, Tunica, Mississippi
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