Saratoga Casino Holdings has entered into a definitive agreement with Casino Holding Investment Partners to acquire Magnolia Bluffs Casino, subject to regulatory approvals and other customary closing conditions.
The Natchez, Mississippi, located gaming venue, which first opened in 2012, features over 450 slot machines, 14 table games, restaurant and bar, sportsbook and a 141-room hotel located off-site in the heart of the city.
“While this was an extremely tough decision for our partnership, it will truly leave our team and valued customers in the best hands possible,” explained Kevin Preston, Partner and President of Magnolia Bluffs Casino & Hotel.
“Due to the long history we have here in Natchez, it was important for us to ensure we found the right company that has the same values and passion we do for the community and our team members here at Magnolia Bluffs Casino & Hotel.
“We are confident the team at Saratoga will care just as much as we have for the community we’ve operated in for the last 11 years, as well as our team members and local businesses that have made such a tremendous impact on our operation through the years.”
SCH owns and operates New York’s Saratoga Casino Hotel, which features over 1,200 slots, electronic table games, a live entertainment venue, a variety of dining options and bars, live harness racing, and simulcast wagering.
Furthermore, the group also boasts the Saratoga Casino Black Hawk as part of its network, which contains over 380 slot machines, six table games, a full-service restaurant, bar and a variety of guest services.
Elsewhere, the group is a partner with Delaware North in the operation of Gideon Putnam Resort and Roosevelt Baths which can both be found in Saratoga Springs.
“We are proud to add Magnolia Bluffs Casino Hotel to our portfolio of gaming assets and further diversify our business,” said Sam Gerrity, Chief Executive Officer of SCH.
“We are committed to operating first class gaming facilities, and we do that by creating lasting relationships with our guests, team members and the communities that we serve. We look forward to welcoming Magnolia Bluffs guests and team to the Saratoga family.”