GULFPORT, Miss.--(BUSINESS WIRE)--Aug 30, 2018--Foundation Gaming & Entertainment, LLC announced today it has completed the acquisition of the Fitz Casino & Hotel in Tunica, Mississippi. The property is located on more than 50 acres and includes a 38,000-square foot casino, 500-room hotel, three restaurants and a 8,000-square foot event center.

The Company also announced that Donn Mitchell will be joining the Company as chief financial officer and Principal, subject to regulatory approval. Mr. Mitchell has over 20 years of gaming industry experience, with most of that at senior corporate finance positions. He has extensive experience working with the Principals of the Company and played an integral role in completing this transaction.

Greg Guida, Foundation Gaming's Co-CEO, commented, “We are excited about working with the great team that is in place at Fitz, which has been a solid performer in the market for many years. This transaction, coupled with Donn joining the Company, will position us for continued growth and development.”

Mr. Mitchell added, “I am thrilled to be joining the Foundation Gaming team. The acquisition of the Tunica property, coupled with Foundation Gaming’s Vicksburg property, will provide us with a firm platform for the continued development and growth of the Company.”

About Foundation Gaming & Entertainment, LLC

Foundation Gaming & Entertainment, LLC owns and operates WaterView Casino & Hotel in Vicksburg, Mississippi, and Fitz Casino & Hotel in Tunica, Mississippi. The Company’s affiliate Foundation Gaming Group is a full-service gaming management and development company that services and supports developers, owners, and operators of gaming entertainment facilities in US and international markets. http://www.foundationgaminggroup.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20180830005259/en/

CONTACT: Foundation Gaming & Entertainment, LLC

Les McMackin, 228-222-3222

Chief Operations & Marketing Officer

KEYWORD: UNITED STATES NORTH AMERICA MISSISSIPPI

INDUSTRY KEYWORD: ENTERTAINMENT CASINO/GAMING

SOURCE: Foundation Gaming & Entertainment, LLC

Copyright Business Wire 2018.

PUB: 08/30/2018 06:00 AM/DISC: 08/30/2018 06:00 AM

http://www.businesswire.com/news/home/20180830005259/en