The first Europeans who settled the area were French colonists, who built Fort-Saint-Pierre in 1719 on the high bluffs overlooking the Yazoo River at present-day Redwood. The area which is now Vicksburg used to be part of the Natchez Native Americans' territory. Vicksburg is a cultural landmark in the American South, and is home to the Southern Cultural Heritage Center, Vicksburg Military Park, and the Lower Mississippi River Museum. A Natchez casino is scheduled to close this month, which would cut casinos along the river to 16.Vicksburg is a city of 22,000 people (2018) in Warren County, Mississippi. Although gambling revenues in Mississippi’s Gulf Coast market are growing again, Magnolia State casinos along the Mississippi River have continued to see gambling revenue shrink, with gambling halls in Vicksburg and Tunica closing in recent years. Vicksburg is Mississippi’s third-largest casino market. Besides the two DiamondJacks casinos, Foundation managed the Resorts Casino and Hotel and Bally’s Casino and Hotel in Mississippi’s Tunica County for two years after creditors foreclosed upon them in 2011. This will be the first time that Foundation has owned a casino, though. The Bossier City casino typically collects the least revenue of the six full-fledged casinos in northwest Louisiana.įoundation is led by veterans of Isle of Capri, which also was the first owner of the Bossier City casino, opening it in 1994. “It’s business as usual there,” McMackin said. He said the company could have more to say by the end of the week.įoundation said it will continue to run the larger DiamondJacks in Bossier City, Louisiana, under contract with the current owners. “We’re still formulating long-term plans,” McMackin said.

McMackin said the Vicksburg gambling hall, with more than 300 employees, will continue operating as DiamondJacks. Faced with recovering little of the $300 million that Legends owed if they liquidated the two casinos after a potential buyer walked away, creditors chose to keep operating them. Mississippi’s Gaming Commission is scheduled to vote on approving the sale Thursday.įoundation Chief Operations & Marketing Officer Les McMackin said the company will borrow to buy the casino from its current owners, who were creditors in Legends’ second bankruptcy. Legends Gaming bought it in 2006, later declaring bankruptcy twice. The gambling facility opened in 1993 as Isle of Capri and was Vicksburg’s first casino.

Gulfport-based Foundation Gaming Group made the announcement Monday.

The company that has run Vicksburg’s DiamondJacks casino since it came out of bankruptcy in 2013 will buy it.

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