MGM Resorts International is selling another casino.
MGM announced today it has entered into an agreement to sell the Gold Strike in Jean to JETT Gaming, a slot machine route company owned by the Herbst family. The news comes just over a month after MGM revealed plans to sell the Railroad Pass in Henderson.
MGM didn’t disclose terms of the sale, which still needs regulatory approval.
“As we continue to review and refine our portfolio of properties, and focus on new developments in international and regional markets, we have agreed to sell Gold Strike Hotel & Gambling Hall,” said Dan D’Arrigo, MGM’s executive vice president, chief financial officer and treasurer, in a company statement.
The Gold Strike opened in 1987 and became an MGM property after MGM acquired Mandalay Resort Group in 2005. It has 300 hotel rooms, 400 slot machines and 10 table games. It’s about 13 miles from the California state line.
“We are pleased with the opportunity to purchase Gold Strike and the surrounding property,” JETT Gaming manager Tim Herbst said in the statement. “We will continue to evaluate our plans for the site as we work diligently to get this transaction completed.”