CNE’s $450 Million Acquisition of the Operations of Gold Strike Casino Resort

Weil, Gotshal & Manges is advising MGM Resorts International on the deal.

MGM Resorts International announced its $450 million sale of the operations of Gold Strike Casino Resort in Tunica, Mississippi to CNE (a subsidiary of Cherokee Nation Businesses), the gaming and hospitality company of the Cherokee Nation. The transaction is expected to close in the first half of 2023, subject to customary closing conditions and regulatory approvals.

MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM.

The Weil team advising MGM Resorts International is led by Mergers & Acquisitions partner Michael J. Aiello (Picture) and includes Mergers & Acquisitions partner Sachin Kohli, Mergers & Acquisitions counsel Rachel Shapiro and Mergers & Acquisitions associates Alyssa Kutner, Karl de la Roche and Chelsea Carpenter (Not Yet Admitted in New York). The team also includes Real Estate partners Michael Bond and Jannelle Seales; Real Estate associates Karen Luo and Alexa King (Not Yet Admitted in New York); Tax Head Joseph Pari; Tax associates Brian Senie and Adam Romig; Executive Compensation & Benefits Head Paul Wessel; Executive Compensation & Benefits partner Amanda Rotkel; Executive Compensation & Benefits associate Nate Gross (Not Yet Admitted in New York); Technology & IP Transactions Co-Head Charan Sandhu; Technology & IP Transactions/Privacy counsel Olivia Greer and Alexa Chu Clinton; Technology & IP Transactions/Privacy associates Catherine Kim, Tyler Fredricks and Tamsin Kantor; Environmental Head Annemargaret Connolly; Environmental counsel Matthew Morton; Antitrust Head Steven Newborn; Antitrust partners Vadim Brusser and Brianne Kucerik; Antitrust associate Drew Cypher; Employment Litigation Head John P. Barry; Employment Litigation counsel Rebecca Sivitz; Employment Litigation associate Omar Abdel-Hamid (Not Yet Admitted in New York); and Securities Litigation partner Evert Christensen.

Involved fees earner: Omar Abdel-Hamid – Weil, Gotshal & Manges; Michael Aiello – Weil, Gotshal & Manges; John Barry – Weil, Gotshal & Manges; Michael Bond – Weil, Gotshal & Manges; Vadim Brusser – Weil, Gotshal & Manges; Evert Christensen – Weil, Gotshal & Manges; Alexa Chu Clinton – Weil, Gotshal & Manges; Annemargaret Connolly – Weil, Gotshal & Manges; Drew Cypher – Weil, Gotshal & Manges; Karl de la Roche – Weil, Gotshal & Manges; Tyler Fredricks – Weil, Gotshal & Manges; Olivia Greer – Weil, Gotshal & Manges; Tamsin Kantor – Weil, Gotshal & Manges; Catherine Kim – Weil, Gotshal & Manges; Sachin Kohli – Weil, Gotshal & Manges; Brianne Kucerik – Weil, Gotshal & Manges; Alyssa Kutner – Weil, Gotshal & Manges; Karen Luo – Weil, Gotshal & Manges; Matthew Morton – Weil, Gotshal & Manges; Steven Newborn – Weil, Gotshal & Manges; Joseph Pari – Weil, Gotshal & Manges; Adam Romig – Weil, Gotshal & Manges; Amanda Rotkel – Weil, Gotshal & Manges; Charan Sandhu – Weil, Gotshal & Manges; Jannelle Seales – Weil, Gotshal & Manges; Brian Senie – Weil, Gotshal & Manges; Rachel Shapiro – Weil, Gotshal & Manges; Rebecca Sivitz – Weil, Gotshal & Manges; Paul Wessel – Weil, Gotshal & Manges;

Law Firms: Weil, Gotshal & Manges;

Clients: MGM Resorts International;