Jack Binion buys Gold Strike?????????

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Jen Tom	Jack Binion buys Gold Strike?????????		Lead	[-]
Registered User Posts: 3354 06/15/2009 23:59 admin	Tags : None Today all the casino employees were buzzing about Jack Binion buying Gold Strike. Unsure if it is MGM or just Gold Strike. I haven't seen it in writing anywhere but the grapevine is saying a big meeting happened today with Binion. Casino workers are thrilled and call it the best news to hit in a long time. Everyone loves working for Binion. If anyone hears a confirmation let us know. Jen
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CharlesT Georgia		#1	[url]	[-]
Registered User Posts: 2482 06/16/2009 06:44	Hey, great news!
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Carol Ohio		#2	[url]	[-]
Registered User Posts: 4190 06/16/2009 08:21	That does sound good! I always liked Goldstrike, but, I think it will be even nicer ran by Jack Binion. Can't wait to hear more updates on what is going on. Excitement in the air!!!!!!! That is a good thing! Carol
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Brianzzz		#3	[url]	[-]
Registered User Posts: 1280 06/16/2009 21:28 Moderator	Jack Binion must be pretty busy, he's also buying Fitz, Hollywood and Resorts..
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RebelDiceMan		#4	[url]	[-]
Registered User Posts: 150 06/17/2009 13:20	If this deal does get finalized, that will be a good thing for Tunica gamblers. Jack Binion has always believed in making the gambler as happy as possible.
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Brianzzz		#5	[url]	[-]
Registered User Posts: 1280 06/17/2009 20:34 Moderator	And in an unrelated story..... BLOOMBERG NEWS MGM Mirage Chief Executive Officer Jim Murren doesn't plan to sell any casinos on the Las Vegas Strip because of low offers. "As it relates to Strip properties we haven't engaged in any discussions on those," Murren said yesterday in a telephone interview. "We don't feel like we could come close to what we believe the values are worth. The multiples are low, it seems like the wrong time." MGM Mirage will probably decide "within the next month" whether to sell the three properties in Michigan and Mississippi, and is in a fresh round of bidding, Murren said. Prospective buyers are offering more "now that we're not as forced a seller," he said. "Bid valuations are rising." MGM Mirage, based in Las Vegas, hired investment bank Morgan Stanley to evaluate bids for its MGM Grand Detroit, the Beau Rivage in Biloxi and the Gold Strike in Tunica.
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gegesmom		#6	[url]	[-]
Registered User Posts: 3 06/18/2009 11:59	Posted At : June 17, 2009 03:55 PM \| Posted By : David McKee on the LVA site MGM: Deal or no Deal MGM Mirage CEO Jim Murren is re-mulling asset sales of MGM Grand Detroit, Gold Strike (Tunica, Miss.) and Beau Rivage. But all Strip assets are definitively off the market (yes, even Slots A Fun). Since the Detroit and Tunica casinos are already encumbered with CityCenter-related debt, presumably Murren would transfer those mortgages to some or all of the "Mandalay mile." As far as I know, those three casinos are still unencumbered. The Detroit resort would be a real "trophy asset" for any potential buyer ... presuming that banks are more inclined to lend than they were(n't) the last time Murren shopped this trio around.
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TnGigi		#7	[url]	[-]
Registered User Posts: 2124 06/19/2009 14:03	Yesterday Gold Strike laid off all EVS (enviromental services) and stewards. (about 150) Some of these employees have been with the company since it was Circus Circus. They are being replaced with Contract workers. The employees have a choice to see if they can get on as a contract worker with no benefits, draw unemployment, or seek another opening. This is really tough especially when most of these workers are local and our unemployment in the county is already at 19.5%. The reason the State and County bent so much to the Casino Industry was to provide jobs. I am saddened to see so many families hit by this decision.
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CharlesT Georgia		#8	[url]	[-]
Registered User Posts: 2482 06/20/2009 18:19	Jen, this really pisses me off. I cant write here what I am thinking.
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nostresshere		#9	[url]	[-]
Registered User Posts: 415 06/23/2009 16:20	As to the Binion Gold Strike thing. I have heard something was happening on and off many times over the past two years from some Horseshoe employees. I wonder if there really is anything at all going on.
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Jack Binion buys Gold Strike?????????

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