Foundation Gaming to purchase DiamondJacks Casino & resorts in Vicksburg

Foundation Gaming to purchase DiamondJacks Casino & resorts in Vicksburg

Gulfport-based playing management basis games people launched on Monday it would pick DiamondJacks Casino & resorts in Vicksburg, Mississippi.

The casino first unwrapped doors in 1993 and was controlled beneath the Isle of Capri brand name. The place was the first of your type or kind in Vicksburg. In 2006, Legends Gaming purchased the playing land. Down the road, it declared personal bankruptcy not simply when, but double.

Foundation Gaming failed to unveil how much it might buy the casino. The acquisition contract try subject to regulatory affirmation and the Mississippi Gaming fee is to vote from the sale on Thursday.

Les McMackin, main Operations & advertising policeman for Foundation games, said that the user would take a loan from the casino’s present holders, to be able to conduct the exchange. DiamondJacks’ existing owners are creditors once tales stated the next bankruptcy proceeding. They chose to keep carefully the place working in the place of closing it. Legends could only retrieve a portion that is small of $300-million personal debt plus the casino was at chance of becoming liquidated.

Mr. McMackin mentioned that the gambling site would continue running as regular. It presently employs 300 everyone. Base video gaming normally deciding on a lasting plan for the ongoing future of DiamondJacks. Mr. McMackin promised that more might possibly be disclosed towards the end regarding the month. Continue reading Foundation Gaming to purchase DiamondJacks Casino & resorts in Vicksburg