Owners of DiamondJacks Casino bankrupt; selling to Chickasaws
by Associated Press
Published: August 3,2012
VICKSBURG — The owner of casinos in Vicksburg and Bossier City, La., has filed for bankruptcy and plans to sell its casinos to an Oklahoma Indian tribe.
Legends Gaming filed for Chapter 11 bankruptcy reorganization in Shreveport, La. The company says it will sell its DiamondJacks casinos to Global Gaming Solutions for about $27.5 million, if the bankruptcy court and state gaming regulators approves.
Global Gaming is owned by the Chickasaw Nation of Oklahoma.
Legends, which also filed for bankruptcy in 2008, tells the Vicksburg Post no workers will be laid off. DiamondJacks employs 339 people in Vicksburg, according to the Mississippi Gaming Commission.
In its bankruptcy filing, Legends listed assets between $50 million and $100 million and liabilities between $100 million and $500 million.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Palmertree blocked from using public funds for legal defense
- Two companies fined for violations of 'No-Call' law
- Report: Mississippi only state to see drop in home prices
- District at Eastover takes shape with financing in place, tenant signings under way
- States settle with manufacturers in DRAM price-fixing case
- John Ferrucci'a perfect voice is perfect for the Silver Slipper Casino
- City suing Hercules for pollution at shuttered plant site
- Pickering collects more money from failed beef plant project
- Ex-Democrat Taylor cleared to run in primary as Republican
- Rankin chosen as new president of Alcorn State