![]() ![]() How I Paid For My Stay At MGM Gold Strikeįor my stay, I was given a comp rate for the two nights at the property as an elite status member. Here’s my review of the room at MGM Gold Strike. ![]() To help keep costs down during this fun weekend, I was able to cash in on some free nights at Gold Strike Casino Resort. I spent some time with friends visiting from Chicago one of them had the opportunity to play in his first ever WSOP event. One of the biggest highlights is being able to play in an official event where you can earn yourself a coveted ring or bracelet. ![]() The World Series of Poker (WSOP) is a spectacle. The Gold Strike is only about 35 minutes from downtown Memphis and Memphis International Airport (MEM). Interestingly, this was the tallest building in Mississippi at the time of its opening and still is the third tallest today. casino, and a conference and convention center. This property has 1,100 oversized rooms that include 125 suites, a 50,000 sq. Price Action: MGM shares closed 3.04% lower at $34.32 on Thursday.The Gold Strike Casino Resort opened back in 1994 and is a property of MGM Resort International, similar to the Beau Rivage Resort and Casino ( See my trip report on that property here). Strategically, though, we decided to narrow our focus in Mississippi to a single resort – Beau Rivage – and dedicate more of our time and resources towards continuing to drive success at that leading, world-class resort and casino," said CEO Bill Hornbuckle. "Gold Strike is a wonderful property with a bright future ahead. The transaction is expected to close in the first half of 2023. MGM's master lease agreement with VICI Properties Inc (NYSE: VICI) will be amended to reduce annual rent by $40 million to account for the sale of the operations of Gold Strike. The company expects net cash proceeds after taxes and estimated fees to be about $350 million.įor the twelve months ended December 31, 2021, Gold Strike reported a net income of $81.1 million and Adjusted Property EBITDAR of $115 million. MGM Resorts International (NYSE: MGM) has decided to sell the operations of Gold Strike Tunica to Cherokee Nation Entertainment Gaming Holdings LLC (CNE), a subsidiary of Cherokee Nation Businesses, for $450 million in cash. ![]()
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