Posts

Native OK 6/14 Weekly Newsletter

Image
  Gold Strike is located on the Mississippi River in Tunica, approximately 30 minutes from downtown Memphis Cherokee Nation Businesses reaches agreement to purchase operations of Gold Strike Tunica TULSA, Okla. – Cherokee Nation Entertainment Gaming Holdings, LLC, a subsidiary of  Cherokee Nation Businesses , today announced it has reached an agreement with MGM Resorts International (NYSE: MGM) to purchase the operations of  Gold Strike Tunica  for $450 million in cash, subject to customary adjustments. The purchase price represents an EBITDA multiple of approximately six times, based on 2021 Adjusted Property EDITBAR of $115 million. CNE Gaming Holdings, LLC, will enter into a long-term lease agreement with VICI Properties Inc. (NYSE: VICI), the Gold Strike property owner. “Cherokee Nation Entertainment has a rich history of operating award-winning hospitality destinations in Oklahoma, and we are proud to continue our growth in gaming and bring the level of exc...

Native OK 6/7 Weekly Newsletter

Image
  Wilma Mankiller is seen on one of the new designs for the "American Women Quarters." US Mint releases new quarter honoring Wilma Mankiller, the first woman to lead Cherokee Nation by Jordan Mendoza, USA TODAY The next quarter honoring trailblazing American women has been released, paying tribute to the first woman elected principal chief of the Cherokee Nation and first woman to lead a major Native American nation in the U.S. The Wilma Mankiller quarter will begin making its way into circulation, the U.S. Mint announced Monday, as the Native American activist is featured on the third quarter released this year, part of the American Women Quarters Program. Mankiller joins  poet, writer and activist Maya Angelou  and astronaut Sally Ride, the first American woman in space. Born in the Cherokee Nation in 1945, Mankiller rose to prominence in 1983 when she became deputy chief of the tribe, less than five years after being severely inj...