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Basis Gaming to purchase DiamondJacks Casino & lodge in Vicksburg

Basis Gaming to purchase DiamondJacks Casino & lodge in Vicksburg

Gulfport-based betting supervisor Foundation video gaming Group launched on that it would buy DiamondJacks Casino & Hotel in Vicksburg, Mississippi monday.

The casino first launched doorways in 1993 and was initially controlled under the Isle of Capri brand. The venue was actually initial of the type or kind in Vicksburg. In 2006, Legends games purchased the gambling belongings. Subsequently, it declared bankruptcy not simply once, but twice.

Foundation games failed to reveal exactly how much it can pay money for the casino. The purchase bargain try subject to approval that is regulatory the Mississippi video gaming Commission is always to vote in the sale on Thursday.

Les McMackin, fundamental businesses & advertising and marketing policeman for Foundation Gaming, said that the driver would take a loan from the casino’s present owners, in order to be in a position to perform the deal. DiamondJacks’ existing people happened to be creditors when Legends proclaimed the bankruptcy that is second. They decided to maintain the site working as opposed to shutting it. Tales could merely recuperate a portion that is small of $300-million obligations while the casino is at risk of are liquidated.

Mr. McMackin mentioned that the gambling venue would continue operating as normal. It currently hires 300 folks. Basis games is deciding on a plan that is long-term the ongoing future of DiamondJacks. Mr. McMackin promised more could be announced by the end in the month.

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