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Premier Gaming Group Sells Magnolia Bluffs Casino to a New York Company

/ 2022-04-18

Magnolia Bluffs Casino as well as Hotel, which lies in Natchez, Mississippi, has actually been offered to Saratoga Casino Hotel’s moms and dad business, Saratoga Casino Holdings, which is headquartered in New York. The quantity of the offer was not revealed.

Premier Gaming Group, a Mississippi-based full-service driver and also designer of pc gaming, enjoyment as well as friendliness residential or commercial properties throughout the United States, developed the riverboat gambling enterprise in 2012. It lies along the Mississippi River in Natchez. Magnolia Bluffs has approximately 500 slots as well as 14 table video games and also is running its very own sportsbook called Playmakers. Last fall the gambling establishment increased as well as reinforced its collaboration with IGT to present sporting activities wagering in its profile.

The Magnolia Bluffs resort part makes up 141 guestrooms.

Difficult Decision by Preston

Kevin Preston, that is a founder of Premier Gaming Group, specified that the choice was extremely hard for the collaboration, yet the Premier Gaming Group’s group thought that Magnolia Bluffs Casino would certainly be “in the very best hands feasible” as Saratoga Casino Holdings had the exact same interest as well as worths for the Natchez area and also Magnolia Bluffs’ employee.

Saratoga Casino Holdings possesses and also runs Saratoga Casino Hotel in Saratoga Springs, NY, along with Saratoga Casino in Black Hawk, Colorado. The New York gambling enterprises and also resorts chain is getting the gambling establishment as well as resort in Natchez, Mississippi, in addition to Magnolia Bluffs Casino name. Saratoga Casino Holdings will certainly likewise proceed with Magnolia Bluffs lease and also earnings share contract with the city of Natchez.

Sam Gerrity, primary running police officer of Saratoga Casino Holdings, assured to keep the connections, which Magnolia Bluffs had with its 158 workers and also customers over the previous 10 years of the riverboat casino site’s procedures. He included that Saratoga team was “anticipating inviting Magnolia Bluffs visitors as well as group” to the household of the New York video gaming firm.

Preston additionally validated that Magnolia Bluffs’s employees would certainly not be impacted by the sale, and also the gamers at the gambling establishment would barely see any kind of distinction.

Offer to Be Finalized in August or September

Per Tony Heidelberg, a lawyer in Natchez and also an exec at Magnolia Bluffs-owned Natchez Casino Opco LLC, mentioned that the offer would certainly be completed in August or September.

Magnolia Bluffs is the tiniest casino site amongst the 26 casino sites in the state of Mississippi. The video gaming area of the riverboat is just 16,032 square feet. In contrast, the Mississippi’s biggest gambling establishment is Island View, whose video gaming area actions 117,500 square feet. Additionally, Magnolia Bluffs creates the tiniest gross video gaming earnings in the state. Mississippi’s pc gaming market signed up a gross video gaming earnings totaling up to $2.7 billion in 2021 in spite of the COVID-19 pandemic.Source: gamblingnews.com