Posted at 22:41h
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Base Gaming to purchase DiamondJacks Casino & resorts in Vicksburg
Gulfport-based betting management base video gaming people announced on that it would buy DiamondJacks Casino & Hotel in Vicksburg, Mississippi monday.
The casino first started doors in 1993 and was initially managed beneath the Isle of Capri brand name. The place is the initial within this type or kind in Vicksburg. In 2006, Legends Gaming purchased the betting property. Later on, it stated bankruptcy proceeding not only when, but twice.
Foundation Gaming failed to reveal how much it would buy the casino. The purchase price are subject to regulatory affirmation and the Mississippi video gaming fee would be to choose in the purchase on Thursday.
Les McMackin, head surgery & promotional Officer for basis Gaming, asserted that the operator would borrow cash through the casino's recent owners, to become able to conduct the purchase. DiamondJacks' existing owners happened to be creditors when Legends proclaimed the bankruptcy that is second. They decided to maintain location functional in the place of shutting it. Legends could only recuperate a small part of the $300-million loans together with casino was at threat of getting liquidated.
Mr. McMackin said that the playing site would manage functioning as regular. It presently uses 300 folk. Foundation games can be looking at a plan that is long-term the continuing future of DiamondJacks. Mr. McMackin promised more might possibly be shared by the end with the week.