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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. Co. operates the hotel, food and beverage, and other on-site operations at Silver Slipper Casino and Hotel (Silver Slipper), Bronco Billy's Casino and Hotel, Rising Star Casino Resort (Rising Star) and Stockman's Casino, as well as a golf course, recreational vehicle (RV) park and ferry service at Rising Star and an RV park at Silver Slipper. At Grand Lodge Casino, the adjoining hotel and the food and beverage outlets are managed by Hyatt Regency Lake Tahoe Resort, Spa and Casino.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 89% of all stocks covered)
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