John Mott Coffee and Eddie Ray, with News Mississippi affiliate WQNZ in Natchez contributed to this story.
NATCHEZ, Miss.–The fifth casino to open in Mississippi is closing after 22 years in business. The Isle of Capri in Natchez announced Tuesday that the parent company of Magnolia Bluffs Casino, Casino Holding Investment Partners, LLC., is buying the facility for $11.5 million in a deal that will be final by October.
“We are proud of all that we have accomplished together and we thank our team members for their dedication and hard work in the many years we have operated in Natchez,” said Virginia McDowell, the Company’s president and chief executive officer.
Isle Natchez is expected to remain fully operational until its closure and will honor all room reservations and events until that time, said a news release from the casino.
The Isle of Capri had 217 employees at its Natchez casino and 21 at its 141-room hotel, according to a report by the Mississippi Gaming Commission for the quarter that ended June 30.
The casino opened in 1993 as Lady Luck, but changed names with a sale in 2000.