SARATOGA SPRINGS — Saratoga Casino Holdings LLC. (SCH), owner of both Saratoga Casino Hotel in Saratoga Springs and Saratoga Casino Black Hawk in Black Hawk, CO., announced today that they have entered into a definitive agreement with Casino Holding Investment Partners, LLC (CHIP) to acquire Magnolia Bluffs Casino & Hotel in Natchez, MS. subject to regulatory approvals and other customary closing conditions.
Located on the Mississippi River, Magnolia Bluffs Casino Hotel opened in 2012 and features over 450 slot machines, 14 table games, restaurant and bar, sportsbook and a 141-room hotel located off-site in the heart of the city.
“While this was an extremely tough decision for our partnership, it will truly leave our team and valued customers in the best hands possible. Due to the long history we have here in Natchez, it was important for us to ensure we found the right company that has the same values and passion we do for the community and our team members here at Magnolia Bluffs Casino & Hotel. We are confident the team at Saratoga will care just as much as we have for the community we’ve operated in for the last 11 years as well as our team members and local businesses that have made such a tremendous impact on our operation through the years,” said Kevin Preston, Partner and President of Magnolia Bluffs Casino & Hotel.
SCH owns and operates Saratoga Casino Hotel, featuring over 1,200 slots, electronic table games, a live entertainment venue, a variety of dining options and bars, live harness racing, and simulcast wagering.
