Base video gaming buying DiamondJacks Casino & resort in Vicksburg

By |January 17th, 2020|

Base video gaming buying DiamondJacks Casino & resort in Vicksburg
Gulfport-based gambling management basis Gaming people launched on that it would buy DiamondJacks Casino & Hotel in Vicksburg, Mississippi monday.
The casino first exposed doors in 1993 and was first managed underneath the Isle of Capri brand name. The venue got the most important within this kinds in Vicksburg. In 2006, Legends games purchased the gambling belongings. In the future, it declared bankruptcy not simply once, but twice.
Foundation games would not display how much it might purchase the casino. The acquisition bargain try at the mercy of regulating affirmation and the Mississippi video gaming Commission would be to choose throughout the purchase on Thursday.
Les McMackin, head businesses & advertising policeman for base Gaming, mentioned that the driver would borrow money from the casino’s current people, to be able to completed the exchange. DiamondJacks’ recent holders comprise lenders once stories stated the 2nd case of bankruptcy. They decided to maintain the place functional as opposed to closing it. Legends could just retrieve a smaller portion of the $300-million debt in addition to casino is at likelihood of being liquidated.
Mr. McMackin said that the betting site would manage functioning as regular. It presently employs 300 someone. Base Gaming can also be thinking about a long-lasting policy for the continuing future of DiamondJacks. Mr. McMackin promised more is expose towards the end on the day. […]