Gold strike casino8/24/2023 ![]() Net income for the quarter was $284m, compared to $131m in Q4 2021. MGM posted a $2m loss for the quarter, compared to operating income of $369m over the same period in 2021. The company cited an increase in business and travel volume at its Las Vegas Strip properties as one of the reasons for the increase, along with the inclusion of operating results from the Cosmopolitan, acquired in May 2022. The company reported revenue of $3.6bn, up 18 per cent compared to the same period the previous year. MGM Resorts International has reported financial results for the quarter ended December 31, 2022. MGM Resorts International reports 18% increase in Q4 revenue It has a 7,000-square-foot gaming area, cocktail service, VIP lounge, and exclusive cage and credit services. In 2022, the Gold Strike Casino Resort opened its $4m high-limit room renovation. 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.” Our plan is to build on that and exceed those high expectations every day. Max Fisher, general manager of Gold Strike, commented: “Patrons of Gold Strike have become accustomed to the excitement and southern hospitality they receive when they walk through our doors. We are excited to invest in this beautiful property and bring our three decades of industry experience to guests in the Mid-South market.” For years, we’ve set the standard of excellence in gaming. Mark Fulton, president and chief operating officer of Cherokee Nation Entertainment, added: “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. I wish Gold Strike well, and firmly believe a bright future is ahead for this property.” CNE Gaming Holdings paid $450m in cash.īill Hornbuckle, CEO & President, MGM Resorts International, said: “Gold Strike is an iconic property in Mississippi, and the employees there represent southern hospitality at its finest. Operations will continue as usual, with the more than 1,100 team members to be etained. Gold Strike Casino Resort is located on the Mississippi River. The cheapest price a room at Gold Strike Casino Resort was booked for on KAYAK in the last 2 weeks was 186, while the most expensive was 366. The most expensive day is usually Friday. For the best room deals at Gold Strike Casino Resort, plan to stay on a Saturday or Tuesday. CNE Gaming Holdings, a subsidiary of Cherokee Nation Businesses, has taken over the operations after gaining approval from the Mississippi Gaming Commission. Prices can also vary depending on which day of the week you stay. US.- MGM Resorts International has announced that it has closed on the sale of the operations of Gold Strike Tunica, Mississippi. MGM Resort has sold Gold Strike Tunica to the Cherokee Nation Businesses subsidiary.
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