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Acquires Magnolia Bluffs Casino Hotel

Saratoga Casino Holdings LLC, owner of the Saratoga Casino Hotel in Saratoga Springs, N.Y., and the Saratoga Casino Blackhawk in Blackhawk, Colo., announced that it had entered into a final agreement with Casino Holding Investment Partners LLC to acquire Magnolia Bluffs Casino in Nudges, MS, subject to regulatory approvals and other customary closing conditions.

"We are proud to add Magnolia Bluffs Casino Hotel to our gaming assets portfolio and further diversify our business," said Sam Guerity, CEO of SCH. "We are committed to running our first-class gaming facility, and we do so by creating lasting relationships with our guests, team members and the communities we serve. We look forward to welcoming Magnolia Bluffs guests and the team to the Saratoga family."

Magnolia Bluffs Casino Hotel, located on the Mississippi River, opened in 2012 and features over 450 slot machines, 14 table games, restaurants and bars, sportsbooks and 141 guest rooms.

This was a very difficult decision for our partnership, but it truly leaves our team and values our customers as much as possible. With a long history here at Nudges, it was important for us to find the right company with the same values and enthusiasm that we do for the community and our team members at Magnolia Bluffs Casino & Hotel. We are confident that the team in Saratoga will be as interested as we are in the community that we have been operating in for the past 11 years, as well as our team members and local businesses that have tremendously impacted our operations over the years," said Kevin Preston, partner and president of Magnolia Bluffs Casino & Hotel.

SCH owns and operates the Saratoga Casino Hotel in Saratoga Springs, N.Y., which offers over 1,200 slots, electronic table games, live entertainment venues, various dining options and bars, live harness racing and simulcast betting. SCHRI also owns and operates Saratoga Casino Black Hawk, located in the historic CO town of Black Hawk, which offers over 380 slot machines, six table games, full-service restaurants, bars and a variety of guest services. SCHRI is also partnering with Delaware North Company in the operations of Gideon Putnam Resort and Roosevelt Baths in Saratoga Springs, N.Y.
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Saturday, November 11, 2023
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