The Buffet was a huge disappointment, at $27.99 a person I was hoping for a fantastic spread and it was a let down, even the dessert counter was sad, the employees were rude and not willing to help again they pointed instead of speaking to you, The other two places to eat were Pickles a Hamburger/Pizza bar and The Atrium which was small and the wait was not worth it. Where I gave it a low grade was for the Restaurant, Food choices and several employee's, There was the Chicago Steak House and may I say make reservations because it is small and they make you wait a good 45 minutes for a table without one, the food was good, the Lobster bisque was of poor quality and had a foul taste the server came back and agreed there was something not right, they did take it off the check without my having to ask, the Rib Eye steak was amazing and at $145 for two people it was pricy. We had a view of the Horseshoe Casino and the Mississippi River. Upon our arrival we were lost inside the huge foyer there was no signage to direct you to the VIP check in and after asking the front desk we were directed with a finger point towards the elevator, confused we looked around and finally found a small room that read VIP on the door which was propped open, we were pleasantly surprised to see we were given a suite (see pictures below) It was very spacious, the bed was very comfortable, the shower was amazing and there were twin bathrooms which made it very convenient. The Gold Strike is situated in the middle of Soy fields and banks on The Mississippi River. First let me say that if you are not prepared before hand that Memphis is 45 minutes away from Tunica you need to be, We were picked up by their Limo which perhaps made the ride feel longer and add heavy rain I felt like it took forever to get there. The transaction is expected to close in the first half of 2023, subject to regulatory approvals and other customary closing conditions.This was our first visit to Gold Strike, We are frequent flyers to The Beau Rivage in Biloxi, So with using our knowledge of that I feel this is a fare and honest review. At 32 stories tall, it was the tallest building in Mississippi at the time it opened. Gold Strike opened in 1994 and was acquired by MGM Resorts in 2005. MGM Resorts International expects net cash proceeds after taxes and estimated fees to be approximately $350 million. At the closing of the transaction, MGM Resorts' master lease agreement with VICI Properties (a publicly traded real estate investment trust), which currently includes Gold Strike, will be amended to reduce annual rent by $40 million. Pre-pandemic, Gold Strike reported Adjusted Property EBITDAR of $67 million in 2019. Strategically, though, we decided to narrow our focus in Mississippi to a single resort – Beau Rivage," said Bill Hornbuckle, CEO & President, MGM Resorts International.įor the twelve months ended December 31, 2021, Gold Strike reported net income of $81.1 million and Adjusted Property EBITDAR of $115 million, calculated as net income of $81.1 million, adjusted for $0.4 million of interest and other non-operating expense, $8.0 million of depreciation and amortization, $0.1 million of net property transactions, and $25.4 million of rent expense associated with triple-net operating leases. "Gold Strike is a wonderful property with a bright future ahead. MGM Resorts International announced that it has reached an agreement to sell the operations of Gold Strike Tunica, a 1,133 rooms casino hotel in Mississippi, to Cherokee Nation Entertainment Gaming Holdings, LLC, a subsidiary of Cherokee Nation Businesses, for $450 million in cash, subject to customary adjustments. Subscribe to our email newsletter and follow us on social media.
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