Full House Purchases Third Casino

(Las Vegas, Nev.) - The parent company of Rising Star Casino is making a new acquisition in Mississippi.

 

Full House Resorts announced Tuesday it has reached an agreement with Silver Slipper Casino Venture LLC to acquire all of the outstanding membership interest in the Silver Slipper Casino in Hancock County, Mississippi.

 

The purchase price is $70 million. Full House must get financing and regulatory approval before the agreement can be complete.

 

Full House plans to close the deal in the third quarter of 2012.

 

“This property is perfectly sized to complement our current business and provides a substantial growth opportunity through the possible addition of a hotel,” said Andre M. Hilliou, Chairman and Chief Executive Officer of Full House. “This transaction is consistent with our long-stated growth strategy and we believe it will create long-term shareholder value.”

 

The Silver Slipper Casino on Mississippi’s Gulf Coast is a 37,000 square foot gaming facility. It will be the third casino owned by Full House, which purchased Rising Star Casino – former Grand Victoria Casino – in 2011.

More from Local News

Events

Heat Advisory in Effect Thursday for Tri-State Area

Heat index values over 100 are expected.

Unlocking the Magic of STREAM: Camp Hogwarts Recap

The three-day camp was held at Oldenburg Academy.

Navy Veteran Leads Effort to Repair, Update River View Cemetery

The cemetery is the final resting place of 14,080 burials, including doctors, lawyers, war heroes,

Double First Base Coming to High School Baseball

The change has been approved but won't happen until 2027.

Harrison HS Grad Earns Scholar All-American Status

Gaven Johnson was equally good in the classroom and on the soccer pitch.

Aurora Teen Wins Tiger Trail 5K

The third of six SIRC races was held Saturday in Lawrenceburg.

On Air

Chelsie playing
Kenny Chesney - American Kids

Doug Stone Warning Labels 9:29
Keith Urban Where The Blacktop Ends 9:26
Zach Bryan Something In The Orange 9:23
Oak Ridge Boys No Matter How High 9:20