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’re able to team up with the good people of Gold Strike that have given so much to this property and we’re looking forward to investing in them and our property. “We’re really honored by the Mississippi Gaming Commission to receive the license to operate the Gold Strike,” said Cherokee Nation Businesses CEO Chuck Garrett. (Bob Bakken/)ĬNE Gaming Holdings took over Gold Strike from Mandalay Resort Group LLC and paid Mandalay about $450 million in cash for the casino. Cherokee Nation Businesses CEO Chuck Garrett cuts the ribbon with the official ownership change of Gold Strike Casino Resort from Mandalay Resort Group. The change in ownership came after approval by the Mississippi Gaming Commission. Gold Strike, one of the casino foundations of the Tunica area, last month was taken over by the Cherokee Nation’s CNE Gaming Holdings LLC.

A ribbon-cutting event Friday afternoon, March 24, officially celebrated the beginning of operations at Gold Strike Casino Resort under new ownership.