Gulfport-based betting management basis video gaming Group revealed on that it would buy DiamondJacks Casino & Hotel in Vicksburg, Mississippi monday.
The casino initially launched gates in 1993 and was initially managed underneath the Isle of Capri brand name. The place ended up being the first within this type or kind in Vicksburg. In 2006, Legends video gaming purchased the betting home. In the future, it stated case of bankruptcy not simply as soon as, but double.
Base video gaming decided not to display simply how much it might pay money for the casino. The purchase package was susceptible to approval that is regulatory the Mississippi video gaming percentage is to vote from the sale on Thursday.
Les McMackin, main functions & advertising Officer for base video gaming, mentioned that the operator would borrow cash through the casino's latest owners, in order to be in a position to complete the deal. DiamondJacks' recent holders are creditors once stories announced the bankruptcy that is second. They made a decision to keep carefully the site functional as opposed to closing it. Legends could just retrieve a portion that is small of $300-million obligations in addition to casino is at chance of are liquidated.
Mr. McMackin said that the betting place would continue functioning as typical. It presently employs 300 folks. Foundation video gaming is looking at a long-term plan for the ongoing future of DiamondJacks.