Resorts Casino Tunica Explained

Casino:Resorts Casino Tunica
Address:1100 Casino Strip Boulevard
Location:Tunica Resorts, Mississippi
Rooms:201
Date Opened:1994
Date Closed:June 30, 2019
Space Gaming:35000square feet
Attractions:River Bend Links golf course
Notable Restaurants:61 Grille Steakhouse
EATs
Delta Blues Buffet
Owner:Gaming & Leisure Properties
License Holder:Penn National Gaming
Casino Type:Riverboat casino
Renovations:1996, 2005, 2014
Names Pre:Southern Belle Casino
Harrah's Tunica Mardi Gras Casino

Resorts Casino Tunica, formerly Southern Belle Casino and Harrah's Tunica Mardi Gras Casino, was a 201-room hotel and a 35000square feet casino located in Tunica Resorts, Mississippi. It was one of three casinos located in the "Casino Strip" area, along with Sam's Town and Hollywood Casino. Resorts was owned by Gaming & Leisure Properties and operated by Penn National Gaming.

The resort closed in June 2019 due to declining revenue.

History

Southern Belle Casino (1994–1995)

The casino was developed by Belle Casinos, a company that owned the Biloxi Belle casino on the Mississippi Gulf Coast and was owned primarily by restaurateur Jim Hasslocher.[1] [2] Construction was budgeted for $30 million, but ran up to $67 million.[3] The Southern Belle Casino opened for a two-day test run on February 19, 1994, and then opened permanently on February 24.[4] [5] It was designed to resemble a Southern mansion, and had facilities including of gaming space, three restaurants, and a 1,500-seat event venue, the River Bend Event Center.[6]

The Southern Belle closed on August 31, 1994, as its owners stated that the Tunica market had become overly saturated, with ten casinos in operation.[7] Belle Casinos filed for Chapter 11 bankruptcy protection on the same day.[8] They initially planned to move the Southern Belle casino boat to the Biloxi Belle site, but that property closed in January 1995, and they began seeking a buyer for the Southern Belle instead.[9] In July 1995, the property was bought out of bankruptcy for $34 million by a partnership between Harrah's Entertainment and Belz Enterprises, which owned a Harrah's casino about a block away.[10] [11]

Harrah's Tunica Mardi Gras Casino (1996–2004)

Harrah's spent $49 million to add a 200-room hotel and renovate the casino with a New Orleans theme, with three different areas patterned after the French Quarter, the Garden District, and Mardi Gras.[12] [13] The casino reopened on April 8, 1996 as Harrah's Tunica Mardi Gras Casino.[14] The hotel opened two months later.[15] Harrah's continued to operate two casinos in the area for some time, and bought out Belz's stake in the properties in April 1997.[16] [17] A month later, it closed the original Harrah's Tunica to concentrate on the Mardi Gras casino.[18]

Resorts Casino (2005–2019)

In 2004, Harrah's agreed to buy Caesars Entertainment. The combined company would have controlled five of Tunica Resorts' nine casinos: Harrah's, Grand Casino, Horseshoe Casino, Sheraton Casino and Hotel and Bally's Casino. Because of possible anti-competitive domination of the Tunica market, Harrah's agreed to sell the property, along with Bally's, to Colony Capital, who then created Resorts International Holdings to own and operate the casinos (including Bally's Tunica). The casino was renamed Resorts Casino Tunica in 2005.[19]

On November 9, 2011, Foundation Gaming Group of Gulfport, Mississippi assumed the management of Resorts Casino and Hotel along with Bally's Casino Tunica. In 2013, management responsibility changed.

In May 2017, Resorts and Bally's Tunica were sold in a joint deal, with Gaming & Leisure Properties acquiring their real estate assets for a total of $83 million, and Penn National purchasing the operating assets for a total of $44 million.[20] [21]

Penn National announced in April 2019 that Resorts Tunica would close on June 30 because of declining revenues, which were attributed to the expansion of casino gaming in Arkansas.[22] In the summer of 2021, both the hotel and casino were demolished. All that is left of this resort is a grassed field.

Dining

Resorts Casino Tunica featured three dining venues:

Entertainment

The casino featured a casino stage bar featuring live entertainment on Fridays and Saturdays. Resorts Casino was adjacent to River Bend Links golf course.

Notes and References

  1. News: Biloxi Belle reorganization. Reno Gazette-Journal. October 4, 1993. Newspapers.com.
  2. News: Lady Luck cleared but agrees to pay for probe. The Commercial Appeal. Memphis, TN. Laurel Campbell. January 21, 1994. NewsBank.
  3. News: Biloxi Belle barely afloat. The Sun Herald. Biloxi, MS. Louise Taylor. October 20, 1994. NewsBank.
  4. News: Casino's reopening delayed one day. The Commercial Appeal. Sarah C. Campbell. February 25, 1994. NewsBank.
  5. News: State's 20th casino taking bets. Clarion-Ledger. Jackson, MS. February 21, 1994. Newspapers.com.
  6. News: 'Fighting Irish' to box on St. Patrick's Day. The Times. Shreveport, LA. Diana Murphy. March 11, 1994. Newspapers.com.
  7. News: Southern Belle third casino to close at Tunica this year. The Commercial Appeal. Laurel Campbell. September 1, 1994. NewsBank.
  8. News: Court oversees Belle finances. The Sun Herald. Biloxi, MS. Louise Taylor. September 1, 1994. NewsBank.
  9. News: Troubled Biloxi Belle closes and 'sister' shut in Tunica set for sale. The Commercial Appeal. Memphis, TN. January 4, 1995. NewsBank.
  10. News: Harrah's action. The Star-Ledger. Newark, NJ. May 14, 1995. Bloomberg. NewsBank.
  11. Form 10-K: Annual Report. Harrah's Entertainment. March 6, 1996. 6. EDGAR.
  12. News: Harrah's 2nd Tunica casino opens sporting New Orleans attitude. The Commercial Appeal. Memphis, TN. Laurel Campbell. April 9, 1996. NewsBank.
  13. News: Mardi Gras Casino to open April 8. The Commercial Appeal. Memphis, TN. Laurel Campbell. March 30, 1996. NewsBank.
  14. News: New Tunica casino. Arkansas Democrat-Gazette. April 11, 1996. NewsBank.
  15. Form 10-K405: Annual Report. Harrah's Entertainment. March 11, 1997. 6. EDGAR.
  16. News: Belz ends partnership with Harrah's Tunica casinos. The Commercial Appeal. Laurel Campbell. April 17, 1997. NewsBank.
  17. News: Harrah's closing one casino located at Tunica. The Greenwood Commonwealth. Greenwood, MS. AP. May 4, 1997. Newspapers.com.
  18. News: Sheraton parent puts Tunica casino on market. Las Vegas Sun. June 3, 1997. NewsBank.
  19. News: Heard It On the River. Schiffer. Rudi. 2005-05-03. Casino City Times/Jackpot Magazine.
  20. Form 10-Q: Quarterly Report. Gaming & Leisure Properties. May 3, 2017. 8. EDGAR.
  21. Form 10-Q: Quarterly Report. Penn National Gaming. May 3, 2017. 23. EDGAR.
  22. News: Penn National Gaming to close Resorts Casino Tunica. WMC-TV. April 16, 2019. 2019-04-16.