Lady Luck Casino Hotel Vicksburg Ms

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Bally's Vicksburg
Location Vicksburg, Mississippi
Opening dateJuly 12, 1994
No. of rooms89[1]
Total gaming space25,000 sq ft (2,300 m2)[1]
Casino typeRiverboat casino
OwnerBally's Corporation
Previous names
  • Rainbow Casino (1994–2012)
  • Lady Luck Casino Vicksburg (2012–2020)
  • Casino Vicksburg (2020–2021)
Websiteballysvicksburg.com

Bally's Vicksburg is a riverboat casino and hotel in Vicksburg, Mississippi. It is owned and operated by Bally's Corporation. It has 25,000 square feet (2,300 m2) of gaming space and 89 hotel rooms.[1][2]

Lady Luck Casino Hotel Vicksburg Ms

History[edit]

Bally

The project was initiated by the Rainbow Casino Corporation (RCC), made up of John A. Barrett and Leigh Seippel. Hospitality Franchise Systems agreed to provide $7.5 million in financing, and to franchise a hotel at the property under its Days Inn brand.[3]Six Flags agreed to build a 10-acre theme park named Pennants.[4][5]United Gaming (later known as Alliance Gaming, and then Bally Technologies) signed on to manage the casino.[6]

The Rainbow Casino opened on July 12, 1994, with 574 slot machines and 28 table games.[7] United Gaming took a 45 percent ownership stake on the day it opened.[6] It took a controlling stake the following year, after RCC failed to finance elements of the casino that it was responsible for.[8]

The hotel, owned by AmeriHost, opened in May 1995, and the company called it 'the most upscale Days Inn anywhere'.[9] It was rebranded as an AmeriHost Inn by 2000,[10] and in 2002 it was sold to AmeriHost's former chairman, Michael P. Holtz.[11]

The theme park, renamed as Funtricity Entertainment Park, also opened in May 1995.[12] Six Flags designed it as the flagship in a new chain of entertainment centers, targeted at markets too small to support a full-size park;[13] within two years, though, the concept was reportedly put on hold.[14] The park closed in 1998,[15] and Alliance bought the site for $500,000[16] and adapted its main building for use as a concert venue.[17]

A casino expansion was completed in 1999, increasing the number of slot machines from 725 to over 1,000.[18]

In 1999, United Gaming put the property, along with its other casino in Nevada, on the market, to help pay down corporate debts, but no satisfactory offers were received.[18]

Bally put the Rainbow back on the market in 2006.[19] In 2010, a sale was finally made to Isle of Capri Casinos for $80 million.[20] Isle of Capri rebranded the property under its Lady Luck name in November 2012.[21]

In March 2018, Eldorado Resorts (which had acquired Isle of Capri Casinos in 2017) agreed to sell the property to Churchill Downs Inc., owner of the neighboring Riverwalk Casino, for $51 million.[22] The sale was canceled, however, as a result of inquiries from antitrust regulators.[23] In July 2019, Eldorado agreed instead to sell the property to Twin River Worldwide Holdings, along with the Isle of Capri Casino Kansas City, for a total of $230 million.[24] The deal was made to help finance Eldorado's pending acquisition of Caesars Entertainment.[24] The sale to Twin River closed in July 2020, and the property was renamed as Casino Vicksburg.[25]

Twin River then purchased the Bally's casino brand from Caesars Entertainment, changed its own name to Bally's Corporation, and announced plans to rebrand most of its casinos.[26][27] As part of this rebranding, Casino Vicksburg became Bally's Vicksburg in August 2021.[28]

See also[edit]

References[edit]

  1. ^ abcWally Northway (2010-04-06). 'Isle of Capri buys Rainbow Casino'. Mississippi Business Journal.
  2. ^Howard Stutz (2010-04-06). 'Isle of Capri acquires casino in Mississippi'. Las Vegas Review-Journal.
  3. ^'N.J. firm signs pact for Vicksburg casino'. The Advocate. Baton Rouge: via NewsBank. AP. September 28, 1993. Retrieved 2012-06-14.(subscription required)
  4. ^Taylor, Louise (February 18, 1994). 'Lady Luck gets approval at Coahoma'. The Sun Herald. Biloxi: via NewsBank. Retrieved 2012-06-14.(subscription required)
  5. ^'Six Flags plans Vicksburg park'. The Commercial Appeal. Memphis: via NewsBank. AP. February 23, 1995. Retrieved 2012-06-14.(subscription required)
  6. ^ ab'Utd Gaming to acquire 45% stake in partnership'. Dow Jones News Service. via Factiva. July 13, 1994. Retrieved 2012-06-14.(subscription required)
  7. ^'Vicksburg welcomes 4th casino'. The Sun Hearld. Biloxi: via NewsBank. AP. July 13, 1994. Retrieved 2012-06-14.(subscription required)
  8. ^Form 10-K (Report). Alliance Gaming. September 28, 1995. p. F-18. Retrieved 2012-06-14.
  9. ^Faust, Fred (May 15, 1995). '4 operators share Vicksburg'. St. Louis Post-Dispatch. via NewsBank. Retrieved 2012-06-14.(subscription required)
  10. ^Form 10-K (Report). AmeriHost Properties. March 24, 2000. p. 6. Retrieved 2012-06-15.
  11. ^Form 10-K (Report). Arlington Hospitality. March 31, 2003. p. 39. Retrieved 2012-06-15.
  12. ^Form 10-K (Report). Alliance Gaming. September 28, 1995. Casino Operations. Retrieved 2012-06-14.
  13. ^McCann, Nita Chilton (May 29, 1995). 'Flagship location of Six Flags' newest attraction comes to Vicksburg'. Mississippi Business Journal. via Factiva. Retrieved 2012-06-15.(subscription required)
  14. ^Johnson, Greg (March 23, 1997). 'The Players'. Los Angeles Times. Retrieved 2012-06-15.
  15. ^'Funtricity Family Entertainment Park to close' (Press release). Premier Parks (via Factiva). September 11, 1998. Retrieved 2012-06-14.(subscription required)
  16. ^Form 10-K (Report). Alliance Gaming. September 28, 1999. Casino Operations. Retrieved 2012-06-15.
  17. ^Purpura, Paul (June 20, 1999). 'Rainbow approaches 5th anniversary'. Associated Press Newswires. via Factiva. Retrieved 2012-06-14.(subscription required)
  18. ^ ab'Few serious offers may pull Rainbow Casino off market'. The Commercial Appeal. Memphis: via NewsBank. AP. February 23, 2000. Retrieved 2012-06-15.(subscription required)
  19. ^Hamerman, Joshua (December 4, 2006). 'More gaming M&A deals: A safe bet'. Mergers & Acquisitions Report. via HighBeam. Archived from the original on March 7, 2016. Retrieved 2012-06-15.(subscription required)
  20. ^Stutz, Howard (June 9, 2010). 'Isle of Capri completes $80 million casino purchase'. Las Vegas Review-Journal. Retrieved 2012-06-13.
  21. ^'Lady Luck returns to Mississippi with re-branding of Vicksburg casino'(PDF) (Press release). Isle of Capri Casinos. November 30, 2012. Retrieved 2012-12-03.
  22. ^Hidalgo, Jason (March 1, 2018). 'Eldorado Resorts agrees to sell two casinos in Pennsylvania and Mississippi'. Reno Gazette Journal. Retrieved 2018-03-01.
  23. ^Marty Finley (July 9, 2018). 'Churchill Downs Inc. terminates plan to purchase casino'. Louisville Business First. Retrieved 2018-07-13.
  24. ^ abBailey Schulz (July 11, 2019). 'Eldorado Resorts to sell 2 properties in preparation of Caesars deal'. Las Vegas Review-Journal. Retrieved 2019-07-13.
  25. ^Bailey Schulz (July 2, 2020). 'Eldorado sells 2 properties ahead of Caesars merger'. Las Vegas Review-Journal. Retrieved 2020-07-02.
  26. ^Patrick Anderson (October 13, 2020). 'Twin River could soon become Bally's'. Providence Journal. Retrieved 2021-08-03.
  27. ^'Bally's Corporation completes name and ticker symbol change' (Press release). Bally's Corporation. November 9, 2020. Retrieved 2021-08-03 – via PR Newswire.
  28. ^'Casino Vicksburg is now rebranded to Bally's Vicksburg Casino'. The Vicksburg Post. August 17, 2021. Retrieved 2021-08-18.

External links[edit]

Coordinates: 32°17′40″N90°54′53″W / 32.294313°N 90.914736°W

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Bally%27s_Vicksburg&oldid=1039491759'

Greetings to our new family in Vicksburg!

Lady Luck Casino Hotel Vicksburg Ms Restaurants

As the President and CEO of Twin River Worldwide Holdings, Inc., I am proud to announce that as of Wednesday, July 1, we have acquired Lady Luck Casino Vicksburg in Vicksburg, Mississippi and Isle of Capri Casino Kansas City in Kansas City, Missouri from Eldorado Resorts, Inc.

We are excited to become part of this historic river city and have great plans for this property! We expect to substantially reposition the casino in this market and will be working diligently on these enhancements in the near future.

I want to share a little background on who we are. With these acquisitions, we now own and manage nine casinos, two in Rhode Island, two in Mississippi, one in Delaware, one in Missouri, and three casinos as well as a horse racetrack that has 13 authorized OTB licenses in Colorado. Besides our current acquisitions, properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Dover Downs Hotel & Casino (Dover, DE), Golden Gates Casino (Black Hawk, CO), Golden Gulch Casino (Black Hawk, CO), Mardi Gras Casino (Black Hawk, CO), and Arapahoe Park racetrack (Aurora, CO). Our casinos range in size from 695 slots and 17 table games combined for Colorado facilities to properties with over 4,100 slots, 114 table games, and 38 stadium gaming positions, along with hotel and resort amenities.

The entire TRWH portfolio of properties allows our guests access to over 10,860 slots machines, 294 table games, 56 stadium gaming seats, and 1,287 hotel rooms and suites throughout the country. We also have several music venues, including large-scale entertainment venues located in New England, the Gulf Coast and in Delaware, showcasing headline entertainment such as Lynyrd Skynyrd, Meatloaf, Bad Company, Little Big Town, Steve Miller Band, Foreigner, Rick Springfield, Aaron Lewis, Pat Benatar, Toto, Gavin DeGraw and more. And of course, countless dining options for our guests to enjoy, including well-known brands like Ruth’s Chris Steak House, Sugar Factory and Longo’s Meatballs & Martini’s.

Lady Luck Casino Hotel Vicksburg Mississippi

We also recently announced the acquisition of Bally’s Atlantic City Hotel & Casino in New Jersey, conveniently located at the center of the AC boardwalk and are expected to close on that property later this year. In addition, we expect to complete plans to acquire Eldorado Shreveport Resort and Casino in Louisiana and the Mont Bleu Resort Casino & Spa in Lake Tahoe, Nevada in early 2021. We look forward to providing you with even more exciting gaming experiences as we continue to grow our company and expand into some of the most exciting gaming markets in the nation. We look forward to getting to know you in the coming months.

Bally Casino Vicksburg

George Papanier
President & Chief Executive Officer
Twin River Worldwide Holdings, Inc.