Full House to buy Fitzgerald’s
In the US, Las Vegas-based Full House Resorts has agreed to buy Fitzgerald's Casino in Tunica, Mississippi, from Majestic Star Casino for $62m.
The deal is expected to be closed in the third quarter of 2014. "This property fits our acquisition strategy perfectly," said Andre Hilliou, chairman and chief executive officer of Full House.
"The property has historically been well run and maintained under the current management team. However, we believe that we can leverage our knowledge and proven track record of managing properties catering to local customers in competitive environments to further improve profitability.”
The casino has 38,000sq.ft of gambling space with 1,100 slot and video poker machines and 20 table games. The property includes a 506-room hotel with 68 suites, a fine dining restaurant, buffet, quick service restaurant, two casino bars and an 8,100sq.ft multi-purpose event centre.
The G2E Las Vegas trade show gets under way at the Sands Expo and Convention Center today, with thousands of industry professionals expected to travel to the casino industry’s spiritual home this week.
Las Vegas-based start-up Alto Gaming is to bring a suite of games under the iconic Hot Rod brand to the floors of casinos across North America.
Macau casino bonds are plunging with China’s continuing corruption crackdown deterring valuable VIP gamblers, reports Bloomberg.com.
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