Foundation Gaming to get DiamondJacks Casino & resorts in Vicksburg

Foundation Gaming to get DiamondJacks Casino & resorts in Vicksburg

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

The casino initially established doors in 1993 and was initially operated under the Isle of Capri brand name. The place was initial of the type or kind in Vicksburg. In 2006, Legends games bought the betting homes. Down the road, it announced case of bankruptcy not just once, but double.

Basis games did not reveal simply how much it could purchase the casino. The acquisition contract was at the mercy of regulatory approval and the Mississippi Gaming Commission is to vote from the sale on Thursday.

Les McMackin, head functions & advertising and marketing policeman for Foundation video gaming, asserted that the driver would borrow money from the casino’s recent people, to be in a position to execute the transaction. DiamondJacks’ recent owners were creditors once stories proclaimed the bankruptcy that is second. They chose to keep consitently the location operational rather than closing it. Stories could only recoup a lightweight part of the $300-million loans in addition to casino is at likelihood of are liquidated.

Mr. McMackin mentioned that the playing venue would manage operating as regular. It presently employs 300 people. Foundation video gaming can be thinking about a plan that is long-term the continuing future of DiamondJacks. Mr. Read more