Who Owns Horseshoe Casino Tunica

You’re about to enter a world of glittering lights and thrilling games when you step into Horseshoe Casino Tunica. Owned by MGM Resorts International, this casino offers an array of gaming options and has seen success in its revenues and profits over the years.

Get ready to be dazzled as you discover all that this casino has to offer.

Key Takeaways

  • Jack Binion originally owned Horseshoe Casino Tunica.
  • The casino has changed ownership multiple times, with Harrah’s Entertainment, MGM Resorts International, Caesars Entertainment, and Twin River Worldwide Holdings all acquiring the property at different points.
  • Horseshoe Casino Tunica offers a variety of gaming options, including slot and table games, a Poker Room with tournaments and competitions, sports betting with live games and various wagering options, and live entertainment such as comedy shows and concerts.
  • The casino has generated significant revenue, with a gross gaming revenue of $83 million in 2019 and an operating profit of $25.5 million in the same year.

Current Owner: MGM Resorts

You may be familiar with MGM Resorts as the current owner of Horseshoe Casino Tunica. However, the casino’s ownership has changed hands multiple times since it opened its doors in 1994.

Originally owned by Jack Binion, the casino was acquired by Harrah’s Entertainment in 2004. Finally, it was sold to MGM Resorts in 2012, making it the only Mississippi casino owned by MGM Resorts.

Thus, MGM Resorts has a long and varied history of ownership of Horseshoe Casino Tunica.

Historical Ownership: MGM

MGM previously owned Horseshoe Casino Tunica, having acquired it in 2005 as part of its strategy to diversify its portfolio.

In 2013, MGM Resorts International sold Horseshoe Casino Tunica to Caesars Entertainment.

Caesars sold the property to Vici Properties in 2018 and leased it back, changing the name to Harrah’s Tunica.

Later in 2018, Caesars announced a deal to sell the property to Twin River Worldwide Holdings in 2019.

The sale was completed in 2019 and the property was renamed Horseshoe Casino Tunica.

In 2020, MGM Resorts International purchased Horseshoe Casino Tunica from Twin River Worldwide Holdings.

The casino is now back in the hands of its original owner, MGM Resorts International.

Gaming Options at Casino

You’ll find a world of gaming options at Horseshoe Casino Tunica. Slot and table games are the backbone of the casino, with an array of games to choose from.

The Poker Room offers a great atmosphere for those who love the game, while sports betting provides a unique spin on the entertainment.

Slot & Table Games

At Horseshoe Casino Tunica, you can try your luck at slots and table games. You can also enjoy live entertainment, including comedy shows and concerts. The casino offers loyalty programs with special deals and cashback rewards. Choose from a variety of slot machines and tables like Blackjack, Roulette, Craps, and Texas Hold’em. The casino also offers progressive jackpots and high-stakes gaming. Play in one of the many tournaments or compete in the World Series of Poker at Horseshoe Tunica. Enjoy the thrill and excitement of gaming with the added security of knowing that you’re playing at a trusted casino. Owned by Caesars Entertainment, Horseshoe Casino Tunica is the go-to casino for responsible gaming and fun.

Poker Room

The Poker Room at Horseshoe Casino Tunica offers a variety of tournaments and competitions, including the World Series of Poker. You can test your skills in a safe and secure environment and compete against other players for the coveted WSOP bracelet.

Enjoy the Tournament Play and Loyalty Programs available, as well as a variety of table limits and blinds. All games are played in a professional atmosphere with experienced dealers and staff, and there are no-limit cash games and tournaments available.

The Poker Room also offers special promotions and giveaways, so if you’re looking for something extra, Horseshoe Casino Tunica is the place to go. Whether you’re a beginner or a pro, you’ll find something to challenge and entertain you.

Sports Betting

You’re in luck! Horseshoe Casino Tunica offers a wide range of sports betting options. Whether you’re a novice or a seasoned bettor, you’ll find something to pique your interest.

You can explore your own betting strategies, or take advantage of the casino’s gambling laws to enhance your chances of winning. Here’s what you can expect:

  • Exciting live games, with up-to-date scores and stats
  • A variety of wagering options-spread, money line, parlays, etc.
  • Betting boards featuring the latest lines and odds
  • Friendly and knowledgeable staff to help you get started

Current Revenues & Profits

Gaining a better understanding of Horseshoe Casino Tunica’s current revenues and profits can help you make informed decisions.

Horseshoe Casino Tunica is owned by Caesars Entertainment Corporation, which also owns other casinos across the United States. The casino’s gross gaming revenue in 2019 was $83 million. The majority of the revenue came from slot machines, with table games and other activities making up the remainder.

The casino is subject to local and state taxes, as well as sweepstakes laws, which can have a major impact on the casino’s profits. Additionally, changes in the gaming industry can affect the casino’s revenues and profits. For example, the casino may have to adjust its offerings as new technologies emerge or as competitors enter the market.

In terms of profits, Horseshoe Casino Tunica earned an operating profit of $25.5 million in 2019. The casino’s profits can be affected by a variety of factors, such as the number of visitors, the types of games offered, and the tax implications associated with each activity. Additionally, the casino must take into account the cost of operating the business, such as staff salaries, maintenance, and marketing expenses.

Overall, Horseshoe Casino Tunica has been able to maintain consistent revenues and profits in recent years. By understanding the various factors that affect the casino’s revenues and profits, you can make more informed decisions about investing in the casino or engaging in gaming activities.