[2][3] In 1994, Lady Luck Gaming opened its Olympia Hotel in Robinsonville, an area 10 miles north of Mhoon Landing which had emerged as a prime casino site because of its closer proximity to Memphis.
[4] Lady Luck began construction of a casino to accompany the hotel, but suspended it later that year because of financial difficulties.
[9] The deal provoked antitrust concerns in some markets, including Tunica, where the combined company would own 5 out of the 9 casinos in the area.
The two properties became part of Resorts International Holdings, a newly formed affiliate of Colony Capital.
In May 2017, Bally's and Resorts Tunica were sold in a joint deal, with Gaming & Leisure Properties acquiring their real estate assets for a total of $83 million, and Penn National Gaming (now Penn Entertainment) purchasing the operating assets for a total of $44 million.