The property opened for business officially on December 22, 1997, as the
Imperial Palace Hotel and Casino Biloxi. It was the sister property of the
Imperial Palace on the
Las Vegas Strip, in
Paradise, Nevada. When Engelstad died in 2002, ownership of both properties transferred to trustees of his estate, including wife Betty Engelstad. The Las Vegas property was sold to
Harrah's Entertainment in 2005.
Boyd Gaming bought the IP in October 2011 for $278 million in cash, plus a $10 million donation to the Engelstad Family Foundation. == References ==