Full House in $70m casino acquisition
Full House Resorts is to take over Silver Slipper Casino in Mississippi, US, in a deal worth $70m.
The move will see Full House, which already operates casinos in Indiana, Nevada and New Mexico, take control of all of Silver Slipper Casino Venture’s outstanding interest in the property. Although subject to regulatory approvals, Full House anticipates completing the deal by the third quarter of the year.
Silver Slipper Casino, which opened in 2006, boasts 37,000sq.ft of gaming space and around 1,000 slot and video poker machines, 26 table games, a poker room and live keno.
It is “perfectly sized” to complement Full House’s current business, said CEO Andre Hilliou.
“This transaction is consistent with our long-stated growth strategy and we believe it will create long-term shareholder value,” he said. “Under the leadership of the current management team, the property is well-run and well-maintained; 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 the profitability of the Silver Slipper.”
Myanmar is still working on completing a gambling bill and hasn’t issued any casino licences yet, according to a spokesman for the Ministry of Hotels and Tourism.
Alex Pariente has been named executive vice president of international marketing for the Baha Mar Casino and Resort, the centrepiece of the $3.5bn integrated gaming resort in the Bahamas.
Novomatic, Europe’s largest integrated gaming group, recruited more than 1,700 new staff during the first half of the current fiscal year and was able to increase its revenue by 15 per cent to a new record high.
InterGame is the only monthly magazine covering the international coin-op amusements and gaming industry.Learn more
InterGaming is the leading monthly magazine covering the international land-based casino and gaming industry.Learn more
Published bimonthly, iNTERGAMINGi is the leading publication for the growing international online gaming industry.Learn more
An extensive annual review of the industry covering all three gaming sectors and including a global directory of suppliers.Learn more
InterGaming Law is a bi-annual magazine, launched to meet increasing demand for an independent international publication dedicated to legal developments affecting the global gaming sector.Learn more