Full House Resorts (NYSE Amex US: FLL) announced today that the company has been approved to own a Mississippi gaming licensee by the Mississippi Gaming Commission. The finding of suitability for Full House to own the licensee should enable the company to close on its acquisition of the Silver Slipper Casino Venture LLC, the entity operating the Silver Slipper Casino in Hancock County, Mississippi on October 1, 2012.
“We want to thank the Mississippi Gaming Commission staff for their professionalism and the expeditious manner in approving us to own a Mississippi licensee, and we are now only a few days away from closing on the Silver Slipper Casino,” said Andre M. Hilliou, Chairman and Chief Executive Officer of Full House. “We have already received our necessary financing commitments, and we are excited to be bringing the Silver Slipper property and team members into the Full House family.”
The Silver Slipper Casino, which opened in November 2006, has 37,000 square feet of gaming space with almost 1,000 slot and video poker machines, 26 table games, a poker room and the only live Keno game on the Gulf Coast. The property includes a fine dining restaurant, buffet, quick service restaurant and two casino bars. The property draws heavily from the New Orleans metropolitan area and other communities in southern Louisiana and southwestern Mississippi.
About Full House Resorts, Inc.Full House owns, develops and manages gaming facilities. The Company owns the Rising Star Casino Resort in Rising Sun, Indiana. The Rising Star Riverboat Casino has 40,000 square feet of gaming space with almost 1,300 slot and video poker machines and 37 table games. The property includes a 201-room hotel, a pavilion with five food and beverage outlets, an 18-hole Scottish links golf course and a large, multi-purpose Grand Theater for concerts and performance events as well as meetings and conventions. In addition, Full House owns Stockman’s Casino in Fallon, Nevada which has 8,400 square feet of gaming space with approximately 260 gaming machines, four table games and a keno game. The Company also operates the Grand Lodge Casino at the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada on the north shore of Lake Tahoe under a five-year lease agreement with the Hyatt organization.