Foundation Gaming to get DiamondJacks Casino & Hotel in Vicksburg

Foundation Gaming to get DiamondJacks Casino & Hotel in Vicksburg

Gulfport-based gambling manager Foundation video gaming class established on that it would buy DiamondJacks Casino & Hotel in Vicksburg, Mississippi monday.

The casino initially unwrapped doorways in 1993 and was run under the Isle of Capri brand name. The site got the first of your sorts in Vicksburg. In 2006, Legends Gaming purchased the playing belongings. Later, it stated bankruptcy not simply as cashman casino – free slots machines & vegas games soon as, but double.

Foundation games would not expose just how much it can buy the casino. The acquisition price was subject to regulatory endorsement and the Mississippi Gaming percentage is to vote in the sale on Thursday.

Les McMackin, fundamental businesses & advertising and marketing Officer for Foundation video gaming, mentioned that the agent would borrow cash through the casino’s recent people, in order to be in a position to perform the transaction. DiamondJacks’ latest proprietors happened to be lenders when tales proclaimed the bankruptcy that is second. They made a decision to keep your site operational as opposed to shutting it. Stories could just retrieve a portion that is small of $300-million financial obligation together with casino was at risk of getting liquidated.

Mr. McMackin said that the gambling location would continue running as typical. It currently employs 300 somebody. Base video gaming is also looking at a long-lasting arrange for the continuing future of DiamondJacks. Read More