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BILOXI, Miss. – Twin River Worldwide Holdings, the parent company of Twin River Casino, is buying the Hard Rock Hotel & Casino Biloxi in Mississippi for about $250 million, The Associated Press reported last week.
Lincoln-based Twin River Worldwide Holdings made the announcement, adding that the sale was expected to be completed in June 2014.
The Mississippi casino is currently owned by Premier Entertainment Biloxi LLC, a subsidiary of Leucadia National Corp. The property boasts more than 1,300 slot machines and more than 50 table games. The 12-story hotel has 325 rooms with a spa, fitness center and pool. Under construction is a new 154-room tower that should be complete by February of next year.
The Hard Rock in Biloxi was days from opening in 2005 when Hurricane Katrina hit. The property was restored and opened in June 2007.
The AP said the sale is subject to regulatory approvals. The closing is also subject to approvals by Hard Rock International. Twin River said it has secured committed financing for the transaction, according to the report. •