Magnolia Bluffs Casino in Mississippi Sold to Saratoga Casino Holdings in New York
Magnolia Bluffs Casino Hotel in Natchez, Mississippi, has been sold for an undisclosed toll to the parent company of the battle of Saratoga Casino Hotel inward upstate New York.
The locals gambling casino features roughly 500 one-armed bandit machines, 14 tabular array games, and a sportsbook. Magnolia Bluffs expanded its partnership with IGT last shine to contain sports betting. Magnolia Bluffs utilized the third-party sportsbook provider for its Playmakers Sportsbook. The casino additionally has an off-site hotel with 141 guestrooms.
Premier Gaming Group, a local Magnolia State gaming companion co-founded by Kevin Preston, opened the riverboat in 2012. The gambling casino sits on the Mississippi River in the townspeople of Natchez.
A decennary after curtain raising Magnolia Bluffs, Preston has opted to sell the cassino and hotel.
While this was an exceedingly tough decision for our partnership, it will really leave behind our team up and valued customers inwards the topper custody possible,” said Preston. “Due to the long account we make here inwards Natchez, it was important for us to ensure we found the correct keep company that has the same values and passionateness we make out for the community and our squad members.”
Preston and Premier Gaming Group believe they get found that inwards Saratoga Casino Holdings. The New York-based chemical group owns and operates its namesake Saratoga Casino Hotel inwards Saratoga Springs, NY. The company’s portfolio to boot includes the Saratoga Casino inwards Black Hawk, Colorado.
Changes Unlikely
Preston is assuring the 158 employees who work on at Magnolia Bluffs that the sales agreement of the property testament make minuscule impact on their jobs. He says guests won’t mark much of a difference.
The longtime gaming manufacture executive explained that Saratoga Casino Holdings is purchasing non only if the casino and hotel but also the Magnolia Bluffs Casino name. The New House of York gaming manipulator testament bear on on with its let and revenue apportion correspondence with the city.
State gaming regulators will demand to okay the transaction, which is expected to confining inwards Aug or September. Sam Gerrity, chief operating ship's officer of battle of Saratoga Casino Holdings, has sworn to maintain the relationships Magnolia Bluffs has forged with its workers and patrons over the past 10 years.
“We are committed to operating first-class gaming facilities, and we fare that by creating lasting relationships with our guests, team members, and the communities that we serve. We looking at send on to welcoming Magnolia Bluffs guests and team to the Saratoga family,” Gerrity said.
Minor Player
Magnolia Bluffs is the smallest cassino of the 26 casinos in Mississippi. The riverboat’s gaming infinite measures only 16,032 straight feet. The state’s largest is Island View where the cassino floor spans 117,500 straight feet.
Magnolia Bluffs is unity of the state’s smaller 144 gaming revenue (GGR) generators. The state gaming industry generated GGR of nearly $2.7 1000000000000 utmost year. Despite the lingering COVID-19 pandemic, 2021 was a track record year for Mississippi casinos.
The Magnolia State Gaming Commission groups casinos into threesome regional segments — Central, Coastal, and Northern. Magnolia Bluffs falls into the Central category, which accounted for only $364.5 one thousand thousand of the $2.7 one thousand million inward gaming revenue.
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