Bally's Casino Tunica

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Bally's Casino Tunica
Bally's logo.svg
Location Tunica Resorts, Mississippi
Address 1450 Bally Blvd.
Opening date 1995; 22 years ago (1995)
No. of rooms Currently Closed for Renovations
Total gaming space 40,000 sq ft (3,700 m2)
Casino type Land-based
Owner Gaming & Leisure Properties
Operating license holder Penn National Gaming
Website ballystunica.com

Bally's Casino Tunica has a hotel currently under renovation and a 40,000 square feet (3,700 m2) casino with a rustic barn theme that is located in Tunica Resorts, Mississippi. It is owned by Gaming & Leisure Properties and operated by Penn National Gaming. The Bally's name is licensed from Caesars Entertainment.

History[edit]

The casino was opened in 1995 by Bally Entertainment. It was originally located at Mhoon Landing, the site of all of four of Tunica's original casinos (Splash Casino, Bally's, President Casino Southern Mist and Lady Luck). When larger casinos were built upriver closer to Memphis, Bally's closed and moved upriver — literally, as the casino barge was floated to a new berth in Robinsonville (now named Tunica Resorts) close to Casino Center, home of the Horseshoe Casino Tunica, Gold Strike Resort and Casino, and Tunica Roadhouse. As part of the move, Bally's acquired the Lady Luck Hotel a short distance from the new casino location.

In recent years, Bally's has become known as a "low roller" casino with low-minimum craps, blackjack and roulette games. In particular, the craps tables offered bets as low as 25 cents back in 2004.[citation needed]

Bally's Tunica was eventually acquired by Park Place Entertainment which later became Caesars Entertainment. When Caesars was acquired by Harrah's Entertainment in 2005, Bally's Tunica (along with Harrah's Tunica) was sold to Colony Capital to keep Harrah's from dominating the Tunica market with five casinos.[citation needed]

In January, 2014, RIH Acquisitions MS II assumed the management of Bally's Tunica along with Resorts Casino Tunica.

In May 2017, Bally's and Resorts 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.[1][2]

References[edit]

  1. ^ Form 10-Q: Quarterly Report (Report). Gaming & Leisure Properties. May 3, 2017. p. 8 – via EDGAR. 
  2. ^ Form 10-Q: Quarterly Report (Report). Penn National Gaming. May 3, 2017. p. 23 – via EDGAR. 

External links[edit]

Coordinates: 34°50′44″N 90°19′21″W / 34.845441°N 90.322486°W / 34.845441; -90.322486