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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. As of Dec 31 2017, Co. owned and operated four casino properties: Silver Slipper Casino and Hotel located in Hancock County, MS; Bronco Billy's Casino and Hotel in Cripple Creek, CO; Rising Star Casino Resort located in Rising Sun, IN; and Stockman's Casino located in Fallon, NV; and operated Grand Lodge Casino in Incline Village, NV, subject to a lease. Co. manages its casinos based on geographical regions within the U.S.
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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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