Lady Luck Casino Vicksburg
| Lady Luck Casino Vicksburg | |
|---|---|
| Location | Vicksburg, Mississippi |
| Opening date | July 12, 1994 |
| Number of rooms | 89[1] |
| Total gaming space | 25,000 sq ft (2,300 m2)[1] |
| Casino type | Land-based |
| Owner | Isle of Capri Casinos |
| Previous names | Rainbow Casino |
| Website | vicksburg |
The Lady Luck Casino Vicksburg in Vicksburg, Mississippi is a 25,000-square-foot (2,300 m2) casino with an 89-room hotel.[1][2] The casino is owned and operated by Isle of Capri Casinos.[3]
Contents
History
The project was initiated by the Rainbow Casino Corporation (RCC), made up of John A. Barrett and Leigh Seippel. Hospitality Franchise Systems agreed to provide $7.5 million in financing, and to franchise a hotel at the property under its Days Inn brand.[4] Six Flags agreed to build a 10-acre theme park named Pennants.[5][6] United Gaming (later known as Alliance Gaming, and then Bally Technologies) signed on to manage the casino.[7]
The Rainbow Casino opened on July 12, 1994, with 574 slot machines and 28 table games.[8] United Gaming took a 45 percent ownership stake on the day it opened.[7] It took a controlling stake the following year, after RCC failed to finance elements of the casino that it was responsible for.[9]
The hotel, owned by AmeriHost, opened in May 1995, and the company called it "the most upscale Days Inn anywhere".[10] It was rebranded as an AmeriHost Inn by 2000,[11] and in 2002 it was sold to AmeriHost's former chairman, Michael P. Holtz.[12]
The theme park, renamed as Funtricity Entertainment Park, also opened in May 1995.[13] Six Flags designed it as the flagship in a new chain of entertainment centers, targeted at markets too small to support a full-size park;[14] within two years, though, the concept was reportedly put on hold.[15] The park closed in 1998,[16] and Alliance bought the site for $500,000[17] and adapted its main building for use as a concert venue.[18]
A casino expansion was completed in 1999, increasing the number of slot machines from 725 to over 1,000.[19]
In 1999, United Gaming put the property, along with its other casino in Nevada, on the market, to help pay down corporate debts, but no satisfactory offers were received.[19]
Bally put the Rainbow back on the market in 2006.[20] In 2010, a sale was finally made to Isle of Capri for $80 million.[21] Isle of Capri rebranded the property under its Lady Luck name in November 2012.[22]
See also
References
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External links
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