Basis Gaming purchasing DiamondJacks Casino & resort in Vicksburg

Basis Gaming purchasing DiamondJacks Casino & resort in Vicksburg

Gulfport-based gambling manager Foundation Gaming cluster established on Monday it would pick DiamondJacks Casino & lodge in Vicksburg, Mississippi.

The casino first started doors in 1993 and was first controlled beneath the Isle of Capri brand name. The place ended up being the most important of the kind in Vicksburg. In 2006, Legends video gaming bought the playing belongings. Afterwards, it announced case of bankruptcy not just as soon as, but double.

Basis Gaming would not reveal just how much it might buy the casino. The acquisition contract try at the mercy of regulatory endorsement and the Mississippi games percentage is always to choose throughout the deal on Thursday.

Les McMackin, head Operations & promotion policeman for basis Gaming, asserted that the agent would borrow money from the casino’s current owners, to become able to completed the exchange. DiamondJacks’ current holders happened to be creditors once tales proclaimed the 2nd case of bankruptcy. They chose to keep carefully the location functional as opposed to shutting it. Legends could only recover a portion that is small of $300-million personal debt in addition to casino is at danger of are liquidated.

Mr. McMackin mentioned that the gaming place would manage functioning as regular. It currently utilizes 300 somebody. Base games can also be considering a long-term plan for the future of DiamondJacks. Mr. McMackin promised more would be revealed towards the end on the week. (more…)

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