Fitz Casino Tunica: Ownership and the Story Behind the Largest Casino in Mississippi

Fitz Casino Tunica, located in Tunica, Mississippi, has long been a cornerstone of the gaming industry in the region. As the largest casino in the state, it boasts an impressive array of amenities and entertainment options. However, the question of who owns Fitz Casino Tunica remains a topic of interest for many. In this article, we delve into the ownership history, the reasons behind the acquisition, and the impact of the ownership change on the casino's operations.

Ownership History

Fitz Casino Tunica has undergone several ownership changes since its inception in 1992. The casino was originally developed by the Fitzgeralds, a prominent family in the gaming industry. The Fitzgeralds were known for their successful casinos across the country, and they brought their expertise to Tunica with the construction of Fitz Casino Tunica.

In 2003, the Fitzgeralds sold the casino to a group of investors, including Harrah's Entertainment. Harrah's, now known as Caesars Entertainment, was one of the leading casino companies in the world and aimed to expand its presence in the lucrative Mississippi market. The acquisition of Fitz Casino Tunica allowed Harrah's to strengthen its position in the region and provide guests with a world-class gaming experience.

Ownership Change and its Impact

In 2011, Harrah's Entertainment decided to sell Fitz Casino Tunica to the Pinnacle Entertainment Group. This move marked the third ownership change in the casino's history and was seen as a strategic decision for both parties involved. The Pinnacle Entertainment Group, based in Las Vegas, was a well-established company with a strong presence in the gaming industry.

The acquisition of Fitz Casino Tunica by Pinnacle Entertainment Group had several implications for the casino's operations. Firstly, it allowed the company to expand its portfolio of properties in the United States, solidifying its position as a major player in the industry. Secondly, the new ownership brought fresh ideas and a renewed focus on guest satisfaction, leading to improvements in the casino's amenities and services.

One of the most notable changes under Pinnacle Entertainment Group's ownership was the rebranding of Fitz Casino Tunica as Gold Strike Casino. The new name aimed to emphasize the casino's commitment to providing a premium gaming experience. The rebranding also coincided with a major renovation, which included the addition of new gaming tables, slot machines, and entertainment venues.

The Impact of Ownership on the Local Community

The ownership of Fitz Casino Tunica has had a significant impact on the local community in Tunica. As the largest employer in the area, the casino has provided thousands of jobs for residents. The economic benefits of the casino extend beyond employment, with the establishment of various businesses and services catering to the casino's employees and guests.

Furthermore, the casino has contributed to the development of infrastructure in Tunica, including the expansion of local roads and the construction of new hotels and restaurants. The revenue generated by Fitz Casino Tunica has also been instrumental in supporting local charities and non-profit organizations.

Questions and Answers

1. What is the significance of Fitz Casino Tunica in the gaming industry?

Fitz Casino Tunica is the largest casino in Mississippi and has played a crucial role in the growth and development of the gaming industry in the region.

2. Why did Harrah's Entertainment decide to sell Fitz Casino Tunica to Pinnacle Entertainment Group?

Harrah's Entertainment sold Fitz Casino Tunica to Pinnacle Entertainment Group as a strategic move to strengthen its presence in the Mississippi market and expand its portfolio of properties.

3. How has the ownership change affected the casino's operations?

The ownership change brought fresh ideas and a renewed focus on guest satisfaction, leading to improvements in the casino's amenities and services. The rebranding to Gold Strike Casino and the major renovation further enhanced the gaming experience.

4. What is the economic impact of Fitz Casino Tunica on the local community?

Fitz Casino Tunica has created thousands of jobs for residents and contributed to the development of infrastructure in Tunica. The revenue generated by the casino has supported local charities and non-profit organizations.

5. How has the casino's ownership changed over the years?

Fitz Casino Tunica has undergone three ownership changes since its inception in 1992. The Fitzgeralds were the original owners, followed by Harrah's Entertainment, and currently, the Pinnacle Entertainment Group.