“Gold Strike is a wonderful property with a bright future ahead,” MGM President and CEO Bill Hornbuckle said in a release announcing the sale.

The deal is expected to close in the first half of 2023 and is subject to regulatory approvals and customary closing conditions. The company indicated Thursday it would continue to operate Beau Rivage, its resort on the Mississippi Gulf Coast in Biloxi.īased in Catoosa, Oklahoma, Cherokee Nation Entertainment, a subsidiary of Cherokee Nation Businesses, operates 10 casinos across northeast Oklahoma, including Hard Rock Hotel & Casino, Tulsa. The 32-story Gold Strike Tunica, which MGM has operated since the company purchased it in 2005, is one of two resorts the Las Vegas company owns in Mississippi. MGM Resorts International is selling its Tunica, Mississippi, property to Cherokee Nation Entertainment Gaming Holdings for $450 million.