The county had just 2,000 jobs in 1992 and almost 17,000 jobs in 2005, according to the security commission. The average annual salary of a Tunica County resident has gone from $12,700 in the early 1990s to $26,000 in 2004, according to the Mississippi Employment Security Commission. “The bottom line is that people have jobs,” Johnson says. The Tunica casino industry employs about 15,000 workers, most of them getting on-the-job training. Gamblers can choose from more than 14,000 slots and 400 table games and stay in one of more than 6,300 hotel rooms. Now, about 12 million people try their luck every year at casinos here, making Tunica the largest casino market in the Eighth District and the fifth largest in the United States, according to the American Gaming Association. In 1991, the year before the first casino opened, Tunica County had 15.7 percent unemployment, the highest in Mississippi and 6.8 percentage points higher than the state average. “I remember when there was nothing here.”įlash back to the “old Tunica.” Residents had depended for decades on the cotton industry for jobs the introduction of high-tech farming tools cut the need for actual farmers, however. Net income for the quarter was $284m, compared to $131m in Q4 2021.“There’s no way to forget,” says Clifton Johnson, the Tunica County administrator and a life-long Tunica resident. MGM posted a $2m loss for the quarter, compared to operating income of $369m over the same period in 2021. The company cited an increase in business and travel volume at its Las Vegas Strip properties as one of the reasons for the increase, along with the inclusion of operating results from the Cosmopolitan, acquired in May 2022. The company reported revenue of $3.6bn, up 18 per cent compared to the same period the previous year. MGM Resorts International has reported financial results for the quarter ended December 31, 2022. MGM Resorts International reports 18% increase in Q4 revenue It has a 7,000-square-foot gaming area, cocktail service, VIP lounge, and exclusive cage and credit services. In 2022, the Gold Strike Casino Resort opened its $4m high-limit room renovation. We are looking forward to the new opportunities for providing a world-class experience to all of our patrons and continue leading the industry in our region.” Our plan is to build on that and exceed those high expectations every day. Max Fisher, general manager of Gold Strike, commented: “Patrons of Gold Strike have become accustomed to the excitement and southern hospitality they receive when they walk through our doors. We are excited to invest in this beautiful property and bring our three decades of industry experience to guests in the Mid-South market.” For years, we’ve set the standard of excellence in gaming. Mark Fulton, president and chief operating officer of Cherokee Nation Entertainment, added: “This is a historic day of growth for our hospitality portfolio as we enter the commercial gaming industry, and we welcome the wonderful team at Gold Strike to the family. I wish Gold Strike well, and firmly believe a bright future is ahead for this property.” CNE Gaming Holdings paid $450m in cash.īill Hornbuckle, CEO & President, MGM Resorts International, said: “Gold Strike is an iconic property in Mississippi, and the employees there represent southern hospitality at its finest. ![]() Operations will continue as usual, with the more than 1,100 team members to be etained. Gold Strike Casino Resort is located on the Mississippi River. CNE Gaming Holdings, a subsidiary of Cherokee Nation Businesses, has taken over the operations after gaining approval from the Mississippi Gaming Commission. US.- MGM Resorts International has announced that it has closed on the sale of the operations of Gold Strike Tunica, Mississippi. MGM Resort has sold Gold Strike Tunica to the Cherokee Nation Businesses subsidiary.
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