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| Bally's Vicksburg | |
|---|---|
| Location | Vicksburg, Mississippi |
| Opening date | July 12, 1994 |
| No. of rooms | 89[1] |
| Total gaming space | 25,000 sq ft (2,300 m2)[1] |
| Casino type | Riverboat casino |
| Owner | Bally's Corporation |
| Previous names |
|
| Website | ballysvicksburg.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]
History[edit]
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]
- ^ abcWally Northway (2010-04-06). 'Isle of Capri buys Rainbow Casino'. Mississippi Business Journal.
- ^Howard Stutz (2010-04-06). 'Isle of Capri acquires casino in Mississippi'. Las Vegas Review-Journal.
- ^'N.J. firm signs pact for Vicksburg casino'. The Advocate. Baton Rouge: via NewsBank. AP. September 28, 1993. Retrieved 2012-06-14.(subscription required)
- ^Taylor, Louise (February 18, 1994). 'Lady Luck gets approval at Coahoma'. The Sun Herald. Biloxi: via NewsBank. Retrieved 2012-06-14.(subscription required)
- ^'Six Flags plans Vicksburg park'. The Commercial Appeal. Memphis: via NewsBank. AP. February 23, 1995. Retrieved 2012-06-14.(subscription required)
- ^ ab'Utd Gaming to acquire 45% stake in partnership'. Dow Jones News Service. via Factiva. July 13, 1994. Retrieved 2012-06-14.(subscription required)
- ^'Vicksburg welcomes 4th casino'. The Sun Hearld. Biloxi: via NewsBank. AP. July 13, 1994. Retrieved 2012-06-14.(subscription required)
- ^Form 10-K (Report). Alliance Gaming. September 28, 1995. p. F-18. Retrieved 2012-06-14.
- ^Faust, Fred (May 15, 1995). '4 operators share Vicksburg'. St. Louis Post-Dispatch. via NewsBank. Retrieved 2012-06-14.(subscription required)
- ^Form 10-K (Report). AmeriHost Properties. March 24, 2000. p. 6. Retrieved 2012-06-15.
- ^Form 10-K (Report). Arlington Hospitality. March 31, 2003. p. 39. Retrieved 2012-06-15.
- ^Form 10-K (Report). Alliance Gaming. September 28, 1995. Casino Operations. Retrieved 2012-06-14.
- ^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)
- ^Johnson, Greg (March 23, 1997). 'The Players'. Los Angeles Times. Retrieved 2012-06-15.
- ^'Funtricity Family Entertainment Park to close' (Press release). Premier Parks (via Factiva). September 11, 1998. Retrieved 2012-06-14.(subscription required)
- ^Form 10-K (Report). Alliance Gaming. September 28, 1999. Casino Operations. Retrieved 2012-06-15.
- ^Purpura, Paul (June 20, 1999). 'Rainbow approaches 5th anniversary'. Associated Press Newswires. via Factiva. Retrieved 2012-06-14.(subscription required)
- ^ 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)
- ^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)
- ^Stutz, Howard (June 9, 2010). 'Isle of Capri completes $80 million casino purchase'. Las Vegas Review-Journal. Retrieved 2012-06-13.
- ^'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.
- ^Hidalgo, Jason (March 1, 2018). 'Eldorado Resorts agrees to sell two casinos in Pennsylvania and Mississippi'. Reno Gazette Journal. Retrieved 2018-03-01.
- ^Marty Finley (July 9, 2018). 'Churchill Downs Inc. terminates plan to purchase casino'. Louisville Business First. Retrieved 2018-07-13.
- ^ abBailey Schulz (July 11, 2019). 'Eldorado Resorts to sell 2 properties in preparation of Caesars deal'. Las Vegas Review-Journal. Retrieved 2019-07-13.
- ^Bailey Schulz (July 2, 2020). 'Eldorado sells 2 properties ahead of Caesars merger'. Las Vegas Review-Journal. Retrieved 2020-07-02.
- ^Patrick Anderson (October 13, 2020). 'Twin River could soon become Bally's'. Providence Journal. Retrieved 2021-08-03.
- ^'Bally's Corporation completes name and ticker symbol change' (Press release). Bally's Corporation. November 9, 2020. Retrieved 2021-08-03 – via PR Newswire.
- ^'Casino Vicksburg is now rebranded to Bally's Vicksburg Casino'. The Vicksburg Post. August 17, 2021. Retrieved 2021-08-18.
External links[edit]
Lady Luck Casino & Hotel Vicksburg Vicksburg Ms
Coordinates: 32°17′40″N90°54′53″W / 32.294313°N 90.914736°W