Bally's Casino Tunica Mississippi

 
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Tunica

Bally's Casino - Tunica - Mississippi Bally's Casino in Tunica, Mississippi has a 40,000 square foot casino gambling floor with 1,250 slots, 16 table games and a hotel. Bally's Casino in Tunica is a popular and fun casino with over 1,270 slots, all the popular table games and a great private poker room. 1st Jackpot Casino Tunica (formerly Bally's) is a casino and former hotel in Tunica Resorts, Mississippi. It is owned by Gaming & Leisure Properties and operated by Penn National Gaming. The casino has 46,535 square feet (4,323.2 m 2) of gaming space, with 899 slot machines and 16 table games. Find 5 listings related to Ballys Casino in Robinsonville on YP.com. See reviews, photos, directions, phone numbers and more for Ballys Casino locations in Robinsonville, MS.

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Bally's Casino Tunica Mississippi Casinos Flooding

1st Jackpot Casino Tunica
Location Tunica Resorts, Mississippi
Address 1450 Jackpot Blvd, Robinsonville, MS 38664
Opening date1995; 25 years ago
Total gaming space46,535 sq ft (4,323.2 m2)
Casino typeRiverboat casino
OwnerGaming & Leisure Properties
Operating license holderPenn National Gaming
Previous namesBally’s
Website1stjackpot.com

1st Jackpot Casino Tunica (formerly Bally's) is a casino and former hotel in Tunica Resorts, Mississippi. It is owned by Gaming & Leisure Properties and operated by Penn National Gaming. The casino has 46,535 square feet (4,323.2 m2) of gaming space, with 899 slot machines and 16 table games.[1]

History[edit]

Bally's Saloon & Gambling Hall was originally opened on December 6, 1993 at Mhoon Landing by Bally Manufacturing.[2][3]

In 1994, Lady Luck Gaming opened its Olympia Hotel in Robinsonville, an area 10 miles north of Mhoon Landing which had emerged as a prime casino site because of its closer proximity to Memphis.[4] Lady Luck began construction of a casino to accompany the hotel, but suspended it later that year because of financial difficulties.[5]

Mississippi

Bally's Casino Tunica Mississippi

In February 1995, Bally and Lady Luck entered into a joint venture agreement, under which Bally would close its casino and move the barge upriver to dock at Lady Luck's hotel.[4] Bally would own 58 percent of the combined venture and manage it, with Lady Luck and a local partner owning the rest.[4][6] Bally's at Mhoon Landing closed on February 9.[4] The casino reopened at its new location in Robinsonville (now Tunica Resorts) on December 18, 1995.[7]

Bally S Casino Tunica Mississippi

Hilton Hotels acquired Bally in 1996 and then purchased Lady Luck's share of Bally's Tunica in 1997 for $15 million.[8] Hilton's gaming division, including Bally's, was spun off in 1998 as Park Place Entertainment, later renamed as Caesars Entertainment.

In 2004, Harrah's Entertainment agreed to purchase Caesars.[9] The deal provoked antitrust concerns in some markets, including Tunica, where the combined company would own 5 out of the 9 casinos in the area.[10] To ensure approval of the merger, Harrah's and Caesars agreed to sell four casinos, including Bally's Tunica and Harrah's Mardi Gras, to Colony Capital.[11] The sale was completed in April 2005.[12] The casino continued using the Bally's name under a licensing agreement. The two properties became part of Resorts International Holdings, a newly formed affiliate of Colony Capital.[13]

In 2011, facing a threat of foreclosure, Resorts International Holdings agreed to hand over ownership of Bally's Tunica and Resorts Tunica (formerly Harrah's) to lenders.[14] Foundation Gaming Group, a company based in Gulfport, was retained to manage the two properties.[15]

In January, 2014, RIH Acquisitions MS II assumed the management of Bally's Tunica and Resorts Tunica.

Bally

In May 2017, Bally's and Resorts Tunica were sold in a joint deal, with Gaming & Leisure Properties acquiring their real estate assets for a total of $83 million, and Penn National purchasing the operating assets for a total of $44 million.[16][17] The casino was renamed in September 2017 to 1st Jackpot Casino Tunica.[18] The hotel was later demolished.[19]

See also[edit]

References[edit]

  1. ^Monthly Survey Information (Property Data)(PDF) (Report). Mississippi Gaming Commission. September 2017. Retrieved 2017-10-29.
  2. ^Laurel Campbell (December 7, 1993). 'Adjacent casinos open in Tunica'. The Commercial Appeal. Memphis, TN – via NewsBank.
  3. ^'Bally's licensed to open in Tunica'. The Commercial Appeal. Memphis, TN. AP. December 4, 1993 – via NewsBank.
  4. ^ abcdMichelle Hillier (February 10, 1995). 'Bally's Casino to try luck closer to Memphis'. Arkansas Democrat-Gazette. Little Rock, AR – via NewsBank.
  5. ^Mike Hughlett (August 26, 1994). 'Casino company halts projects in Mississippi'. The Times-Picayune. New Orleans, LA – via NewsBank.
  6. ^'The Ticker - Lady Luck'. Chicago Sun-Times. February 10, 1995 – via NewsBank.
  7. ^Michelle Hillier (December 22, 1995). 'Bally's rolls upriver, reopens casino closer to Memphis crowds'. Arkansas Democrat-Gazette. Little Rock, AR – via NewsBank.
  8. ^'Lady Luck sells interest in Bally's'. The Advocate. Baton Rouge, LA. AP. November 7, 1997 – via NewsBank.
  9. ^Suzette Parmley (July 16, 2004). 'Harrah's plans to acquire Caesars'. Philadelphia Inquirer – via NewsBank.
  10. ^Oliver Staley (September 1, 2004). 'Casinos to be sold in merger'. The Commercial Appeal. Memphis, TN – via NewsBank.
  11. ^Oliver Staley (September 28, 2004). '2 Tunica casinos are sold'. The Commercial Appeal. Memphis, TN – via NewsBank.
  12. ^Michelle L. Quinn (April 27, 2005). 'Few changes as Resorts takes over at E.C. casino'. Post-Tribune. Gary, IN – via NewsBank.
  13. ^'Company creates casino division, names COO'. Las Vegas Sun. July 11, 2005. Retrieved 2017-10-30.
  14. ^Wayne Parry (November 4, 2011). 'Deal keeps struggling casino out of foreclosure'. The Star-Ledger. Newark, NJ – via NewsBank.
  15. ^'Firms chosen to run 2 casinos'. Huntsville Times. November 19, 2011 – via NewsBank.
  16. ^Form 10-Q: Quarterly Report (Report). Gaming & Leisure Properties. May 3, 2017. p. 8 – via EDGAR.
  17. ^Form 10-Q: Quarterly Report (Report). Penn National Gaming. May 3, 2017. p. 23 – via EDGAR.
  18. ^'Facebook - 1st Jackpot Casino Tunica'. September 11, 2017. Retrieved 2017-10-29.
  19. ^https://wreg.com/2017/10/30/ballys-hotel-in-tunica-demolished/

Bally's Casino Tunica Mississippi Address

External links[edit]

Coordinates: 34°50′44″N90°19′21″W / 34.845441°N 90.322486°W

Bally's Casino Tunica Mississippi Buffet

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