VICKSBURG, Miss. — The owner of casinos in Bossier City and in Vicksburg, Miss., has filed for bankruptcy and plans to sell its casinos to an Oklahoma Indian tribe.
Legends Gaming filed for Chapter 11 bankruptcy reorganization in Shreveport. The company says it will sell its DiamondJacks casinos to Global Gaming Solutions for about $27.5 million, if the bankruptcy court and state gaming regulators approve.
Global Gaming is owned by the Chickasaw Nation of Oklahoma. Legends, which also filed for bankruptcy in 2008, said no workers will be laid off.
In its bankruptcy filing, Legends listed assets between $50 million and $100 million and liabilities between $100 million and $500 million.