Isle wins OK to buy Vicksburg casino
Published 12:00 am Saturday, May 29, 2010
JACKSON (AP) — Mississippi gaming regulators have approved the Isle of Capri Casinos’ plan to buy Rainbow Casino in Vicksburg from Bally Technologies for about $80 million.
Mississippi Gaming Commission approval came Thursday.
Isle of Capri and Bally announced the deal in April.
Rainbow Casino officials tell the Vicksburg Post that the casino will officially change hands on June 9.
Fedell says the casino will carry the Rainbow name and brand until probably next year.
Rainbow is one of five casinos Vicksburg. It has about 300 employees, 830 slot machines, 10 table games, an 89-room hotel and two restaurants.
Isle of Capri operates under two main brands, including their self-titled casinos and Lady Luck casinos. Isle has casinos in Natchez and Biloxi.
The purchase marks the Isle of Capri’s return to Vicksburg. The St. Louis-based company opened Vicksburg’s first casino in 1993. In 2006, it sold the casino to Legends Gaming, which re-branded it DiamondJacks Casino.