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Foundation Gaming Group finalizes acquisition of Vicksburg, Mississippi casino

1 November 2015

(PRESS RELEASE) -- Foundation Gaming Group, LLC announced today that it has completed, through an affiliate, Foundation Gaming & Entertainment, LLC, the previously announced acquisition of the DiamondJacks Casino & Hotel - Vicksburg in Vicksburg, Mississippi.

The Company also announced that Jeff Dahl has joined the Company as Principal and Co-CEO of Foundation Gaming & Entertainment, LLC, and will play an integral part in the operation of the property and the future growth of the Company.

Allan Solomon, Principal and Chairman of Foundation Gaming Group, LLC commented, “Our group has a long history with this property, and with many of the team members at the property, and we are very pleased to have completed the transaction, and to welcome Jeff to the Company.”

“Completing this transaction, along with Jeff joining the Company, are big milestones in the growth of Foundation Gaming,” stated Greg Guida, Principal and Chief Executive Officer of Foundation Gaming Group, LLC. “We are really looking forward to working with the property team to transform the property into one of the most successful properties in the market.”

Jeff Dahl, Principal and Co-CEO of Foundation Gaming & Entertainment, LLC added, “The acquisition of the Vicksburg property is a great opportunity for us. This transaction will give us the ability to make improvements to the property, which we believe will significantly improve its competitiveness in the market, and will add to the already great entertainment experience our team members provide our guests.”

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