At the time, the 32 story building was the tallest building in Mississippi.įor MGM, the sale of the property was a shedding of a secondary, but successful, asset. Gold Strike Tunica was built in 1994, one of the second wave of Tunica casinos built in a region closer to Memphis, Tunica’s principal market, that includes the Horseshoe casino. “We are excited for the team at Gold Strike Tunica to join the CNE family.” “Cherokee Nation Entertainment has a rich history of operating award-winning hospitality destinations in Oklahoma, and we are proud to continue our growth in gaming and bring the level of excellence we are known for to the Tunica area,” said Mark Fulton, president of Cherokee Nation Entertainment (CNE). The tribe owns and operates Hard Rock Casino Hotel in Tulsa and nine other tribal gaming enterprises across the state.
It’s the first gaming venture outside of Oklahoma for the tribe and its first investment in commercial gaming. A subsidiary of the CNB, Cherokee Nation Entertainment Gaming Holdings, will pay $450 million for the 1,100 room property, with a 50,000 square foot casino.
Cherokee Nation Businesses based in Oklahoma, last week revealed it had reached an agreement with MGM Resorts to buy Gold Strike Tunica, the only casino the company owned in the northern Mississippi market.
