Oklahoma tribe reaches agreement to purchase Gold Strike Tunica; $450 million pricetag

TULSA, Okla. – A Cherokee Nation gaming subsidiary comply with pay $450 million for a Mississippi on line casino with plans to broaden gaming exterior of Oklahoma.

Golf Strike Tunica, a 50,000-square foot on line casino, situated on the Mississippi River, has over 1,100 luxurious visitor rooms, together with 125 suites, and options high-limit gaming, a convention and conference heart, and eating venues.

“We look ahead to increasing our gaming and hospitality companies as we execute on our strategic plan to develop our footprint exterior of the Cherokee Nation Reservation,” stated Chuck Garrett, chief govt officer of Cherokee Nation Companies in a ready assertion.

The acquisition will develop Cherokee Nation’s financial system and have an effect on the native economies, he stated.

“Cherokee Nation Leisure has a wealthy historical past of working award-winning hospitality locations in Oklahoma, and we’re proud to proceed our development in gaming and convey the extent of excellence we’re recognized for to the Tunica space,” stated Mark Fulton, president of Cherokee Nation Leisure.

Cherokee Nation Leisure Gaming Holdings, LLC, is a subsidiary of Cherokee Nation Enterprise, which fall below the umbrella of Cherokee Nation.