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Tribe quits deal for Louisiana casino

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Posted: Feb 4, 2013 7:21 PM by Michael Marsh
Updated: Feb 4, 2013 7:21 PM
Source: Associated Press

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Topics: Chickasaw Nation of Oklahoma, casino, deal, bankrupt, Bossier City, La.

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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