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Vicksburg's Horizon casino being sold to Tropicana - Wall Street Journal

Thursday, 09 December 2010 13:29 administrator
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Associated Press

VICKSBURG, Miss. — Tropicana Entertainment Inc. says it has sold its Horizon Vicksburg Casino in Mississippi, subject to regulatory approval.

The riverboat casino has 382 slot machines and a 117-room hotel.

Tropicana, controlled by investor Carl Icahn, will sell the casino for $3.25 million plus the assumption of

certain liabilities.

The buyer is Delta Investments & Development LLC, a Nevada-incorporated company, whose investors include J. Michael Caldwell of Gateway Gaming in Piedmont, S.C., and Steven Haynes of Tangent Gaming LLC in New York.

Horizon opened in November 1993 as Harrah's. Columbia Sussex bought the casino in 2003 and renamed it Horizon. Tropicana acquired the casino in January.

Four other casinos operate in Vicksburg.

—Copyright 2010 Associated Press

Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEBxRGtJytmoaEmUvWAzsOMbHm-fA&url=http://online.wsj.com/article/AP58b6bc33c34a414990dfc0c683961b0d.html

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