M&A Deal Summary

Cherokee Nation Businesses Acquires Gold Strike

On June 9, 2022, Cherokee Nation Businesses acquired leisure company Gold Strike from MGM Resorts for 450M USD

Acquisition Highlights
  • This is Cherokee Nation Businesses’ 1st transaction in the Leisure sector.
  • This is Cherokee Nation Businesses’ largest (disclosed) transaction.
  • This is Cherokee Nation Businesses’ 2nd transaction in the United States.
  • This is Cherokee Nation Businesses’ 1st transaction in Mississippi.

M&A Deal Summary

Date 2022-06-09
Target Gold Strike
Sector Leisure
Buyer(s) Cherokee Nation Businesses
Sellers(s) MGM Resorts
Deal Type Divestiture
Deal Value 450M USD

Target

Gold Strike

Tunica Resorts, Mississippi, United States
website
Gold Strike offers 1,133 stylish rooms and suites, dining, nightlife, and an integrated gaming experience with a 50,000-square-foot gaming area with 1,100 slot machines, and 61 table games. Gold Strike Tunica is based in Tunica Resorts, Mississippi.

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Buyer(S) 1

Buyer

Cherokee Nation Businesses

Catoosa, Oklahoma, United States

website


Category Company
Founded 2004
Sector Business Services
Employees9,000
DESCRIPTION

Cherokee Nation Businesses is the economic engine of the Cherokee Nation, the largest Indian Nation in the United States. The Cherokee Nation and its businesses employ more than 9,000 people.


DEAL STATS #
Overall 2 of 3
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-11 Aerospace Products SE

San Antonio, Texas, United States

Aerospace Products SE provides supply chain management and integration services to the aerospace & defense industry. Along with specialized hardware, over-sized fasteners, make-to-print items, and structural assemblies, APSE provides onsite inventory bin management, distribution, full-service kitting and complete logistical support. Aerospace Products was founded in 1987 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Criterion Systems

Vienna, Virginia, United States

Criterion Systems is a systems integrator and cyber operations-focused company. Criterion has provided cybersecurity, cloud/data center management, IT infrastructure operations, and systems engineering for our nation’s mission-critical environments across the Federal Government. For these agencies, we provide classified network and information-security operations, cyber defense and Risk Management Framework (RMF) services, and advanced data analytics. Criterion Systems was founded in 2005 and is based in Vienna, Virginia.

Buy -

Seller(S) 1

SELLER

MGM Resorts

Las Vegas, Nevada, United States

website


Category Company
Founded 1986
Sector Leisure
Employees52,000
Revenue 13.1B USD (2022)
DESCRIPTION

MGM Resorts owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. MGM Resorts was founded in 1986 and is based in Las Vegas, Nevada.


DEAL STATS #
Overall 1 of 2
Sector (Leisure) 1 of 2
Type (Divestiture) 1 of 2
State (Mississippi) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 LeoVegas

Stockholm, Sweden

LeoVegas is a global online gaming company with licenses in eight jurisdictions primarily in the Nordics and the rest of Europe. LeoVegas was founded in 2010 and is based in Stockholm, Sweden.

Buy $607M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Mirage

Las Vegas, Nevada, United States

Mirage offers guests an exotic world-class destination unlike any other. The resort features contemporary accommodations; dynamic entertainment including The Beatles LOVE by Cirque du Soleil, Shin Lim: LIMITLESS and the Aces of Comedy series; tantalizing restaurants created by the world's most renowned chefs including Tom Colicchio, and a luxurious spa and salon. Mirage is based in Las Vegas, Nevada.

Sell $1.1B