Casinos in vicksburg ms

Casinos in vicksburg ms

{H1}

Bally's Vicksburg

Riverboat casino and hotel in Mississippi

Bally's Vicksburg is a riverboat casino and hotel in Vicksburg, Mississippi. It is owned and operated by Bally's Corporation. It has 25, square feet (2,&#;m2) of gaming space and 89 hotel rooms.[1][2]

History[edit]

The project was initiated by the Rainbow Casino Corporation (RCC), made up of John A. Barrett and Leigh Seippel. Hospitality Franchise Systems agreed to provide $ million in financing, and to franchise a hotel at the property under its Days Inn brand.[3]Six Flags agreed to build a acre theme park named Pennants.[4][5]United Gaming (later known as Alliance Gaming, and then Bally Technologies) signed on to manage the casino.[6]

The Rainbow Casino opened on July 12, , with slot machines and 28 table games.[7] United Gaming took a 45 percent ownership stake on the day it opened.[6] It took a controlling stake the following year, after RCC failed to finance elements of the casino that it was responsible for.[8]

The hotel, owned by AmeriHost, opened in May , and the company called it "the most upscale Days Inn anywhere".[9] It was rebranded as an AmeriHost Inn by ,[10] and in it was sold to AmeriHost's former chairman, Michael P. Holtz.[11]

The theme park, renamed as Funtricity Entertainment Park, also opened in May [12] Six Flags designed it as the flagship in a new chain of entertainment centers, targeted at markets too small to support a full-size park;[13] within two years, though, the concept was reportedly put on hold.[14] The park closed in ,[15] and Alliance bought the site for $,[16] and adapted its main building for use as a concert venue.[17]

A casino expansion was completed in , increasing the number of slot machines from to over 1,[18]

In , United Gaming put the property, along with its other casino in Nevada, on the market, to help pay down corporate debts, but no satisfactory offers were received.[18]

Bally put the Rainbow back on the market in [19] In , a sale was finally made to Isle of Capri Casinos for $80 million.[20] Isle of Capri rebranded the property under its Lady Luck name in November [21]

In March , Eldorado Resorts (which had acquired Isle of Capri Casinos in ) agreed to sell the property to Churchill Downs Inc., owner of the neighboring Riverwalk Casino, for $51 million.[22] The sale was canceled, however, as a result of inquiries from antitrust regulators.[23] In July , Eldorado agreed instead to sell the property to Twin River Worldwide Holdings, along with the Isle of Capri Casino Kansas City, for a total of $ million.[24] The deal was made to help finance Eldorado's pending acquisition of Caesars Entertainment.[24] The sale to Twin River closed in July , and the property was renamed as Casino Vicksburg.[25]

Twin River then purchased the Bally's casino brand from Caesars Entertainment, changed its own name to Bally's Corporation, and announced plans to rebrand most of its casinos.[26][27] As part of this rebranding, Casino Vicksburg became Bally's Vicksburg in August [28]

See also[edit]

References[edit]

  1. ^ abcWally Northway (). "Isle of Capri buys Rainbow Casino". Mississippi Business Journal.
  2. ^Howard Stutz (). "Isle of Capri acquires casino in Mississippi". Las Vegas Review-Journal.
  3. ^"N.J. firm signs pact for Vicksburg casino". The Advocate. Baton Rouge: via NewsBank. AP. September 28, Retrieved (subscription required)
  4. ^Taylor, Louise (February 18, ). "Lady Luck gets approval at Coahoma". The Sun Herald. Biloxi: via NewsBank. Retrieved (subscription required)
  5. ^"Six Flags plans Vicksburg park". The Commercial Appeal. Memphis: via NewsBank. AP. February 23, Retrieved (subscription required)
  6. ^ ab"Utd Gaming to acquire 45% stake in partnership". Dow Jones News Service. via Factiva. July 13, Retrieved (subscription required)
  7. ^"Vicksburg welcomes 4th casino". The Sun Herald. Biloxi: via NewsBank. AP. July 13, Retrieved (subscription required)
  8. ^Form K (Report). Alliance Gaming. September 28, p.&#;F Retrieved
  9. ^Faust, Fred (May 15, ). "4 operators share Vicksburg". St. Louis Post-Dispatch. via NewsBank. Retrieved (subscription required)
  10. ^Form K (Report). AmeriHost Properties. March 24, p.&#;6. Retrieved
  11. ^Form K (Report). Arlington Hospitality. March 31, p.&#; Retrieved
  12. ^Form K (Report). Alliance Gaming. September 28, Casino Operations. Retrieved
  13. ^McCann, Nita Chilton (May 29, ). "Flagship location of Six Flags' newest attraction comes to Vicksburg". Mississippi Business Journal. via Factiva. Retrieved (subscription required)
  14. ^Johnson, Greg (March 23, ). "The Players". Los Angeles Times. Retrieved
  15. ^"Funtricity Family Entertainment Park to close" (Press release). Premier Parks (via Factiva). September 11, Retrieved (subscription required)
  16. ^Form K (Report). Alliance Gaming. September 28, Casino Operations. Retrieved
  17. ^Purpura, Paul (June 20, ). "Rainbow approaches 5th anniversary". Associated Press Newswires. via Factiva. Retrieved (subscription required)
  18. ^ ab"Few serious offers may pull Rainbow Casino off market". The Commercial Appeal. Memphis: via NewsBank. AP. February 23, Retrieved (subscription required)
  19. ^Hamerman, Joshua (December 4, ). "More gaming M&A deals: A safe bet". Mergers & Acquisitions Report. Archived from the original on March 7, Retrieved
  20. ^Stutz, Howard (June 9, ). "Isle of Capri completes $80 million casino purchase". Las Vegas Review-Journal. Retrieved
  21. ^"Lady Luck returns to Mississippi with re-branding of Vicksburg casino"(PDF) (Press release). Isle of Capri Casinos. November 30, Retrieved
  22. ^Hidalgo, Jason (March 1, ). "Eldorado Resorts agrees to sell two casinos in Pennsylvania and Mississippi". Reno Gazette Journal. Retrieved
  23. ^Marty Finley (July 9, ). "Churchill Downs Inc. terminates plan to purchase casino". Louisville Business First. Retrieved
  24. ^ abBailey Schulz (July 11, ). "Eldorado Resorts to sell 2 properties in preparation of Caesars deal". Las Vegas Review-Journal. Retrieved
  25. ^Bailey Schulz (July 2, ). "Eldorado sells 2 properties ahead of Caesars merger". Las Vegas Review-Journal. Retrieved
  26. ^Patrick Anderson (October 13, ). "Twin River could soon become Bally's". Providence Journal. Retrieved
  27. ^"Bally's Corporation completes name and ticker symbol change" (Press release). Bally's Corporation. November 9, Retrieved &#; via PR Newswire.
  28. ^"Casino Vicksburg is now rebranded to Bally's Vicksburg Casino". The Vicksburg Post. August 17, Retrieved

External links[edit]

32°17′40″N90°54′53″W / °N °W / ;

Источник: thisisnl.nl's_Vicksburg

14458 | 14459 | 14460 | 14461 | 14462 | 14463 | 14464 | 14465 | 14466 | 14467