![]() “Cherokee Nation Entertainment has a rich history of operating award-winning hospitality destinations in Oklahoma, and we are proud to continue our growth in gaming and bring the level of excellence we are known for to the Tunica area,” said Mark Fulton, president of Cherokee Nation Entertainment (CNE). (NYSE: VICI), the Gold Strike property owner. CNE Gaming Holdings, LLC, will enter into a long-term lease agreement with VICI Properties Inc. The purchase price represents an EBITDA multiple of approximately six times, based on 2021 Adjusted Property EDITBAR of $115 million. – Cherokee Nation Entertainment Gaming Holdings, LLC, a subsidiary of Cherokee Nation Businesses, today announced it has reached an agreement with MGM Resorts International (NYSE: MGM) to purchase the operations of Gold Strike Tunica for $450 million in cash, subject to customary adjustments.
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