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Tribe quits deal for Louisiana casino

4 years 3 weeks 2 days ago February 04, 2013 Feb 4, 2013 Monday, February 04 2013 February 04, 2013 6:21 PM in News
Source: Associated Press
By: Michael Marsh

An Indian tribe from Oklahoma walked away from a deal to buy the bankrupt DiamondJacks casino in Bossier City and a similar operation in Vicksburg, Mississippi. The deal was for $125 million. Global Gaming Solutions, part of the Chickasaw Nation of Oklahoma, claims in court papers the DiamondJacks operation had gone further downhill since it filed for bankruptcy in July. Legends Gaming owns the casinos and owes creditors $298 million. The director of the Mississippi Gaming Commission says he's been told the casino in Vicksburg will continue operating. No word on the Bossier City operation.

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