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Slide #11. Full House Resorts — Fitzgerald's Casino
Full House Resorts (NASDAQ:FLL)
Full House Resorts (NASDAQ:FLL) ("Full House") today announced that it has entered into a definitive agreement with The Majestic Star Casino LLC to acquire all of the outstanding membership interests of the entity operating Fitzgerald's Casino, (the "Fitz Casino") in Tunica, Mississippi. The purchase price is $62 million, exclusive of working capital and other adjustments, fees and expenses as of the closing date. The agreement is subject to Full House obtaining financing for the acquisition within 90 days of its execution, obtaining regulatory approvals, and other customary closing conditions.
Full House Resorts owns, leases, operates, develops, manages, and/or invests in casinos and related hospitality and entertainment facilities. Co. manages its casinos based on geographic regions within the U.S. The casino/resort operations includes four segments: the Silver Slipper Casino and Hotel (Hancock County, MI); Bronco Billy's Casino and Hotel (Cripple Creek, CO); the Rising Star Casino Resort (Rising Sun, IN); and the Northern Nevada segment, consisting of the Grand Lodge Casino (Incline Village, NV) and Stockman's Casino (Fallon, NV).
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 92% of all stocks covered)
Based on Zacks ABR data;
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