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Full House buying Fitzgerald's Casino for $62M

Casino_rouletter_wheel-RGBTUNICA — Las Vegas-based Full House Resorts has agreed to buy Fitzgerald’s Casino in Tunica from Majestic Star Casino, LLC.

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 says in a news release that it expects to close the deal during the third quarter of 2014.

The Fitz Casino has 38,000 square feet of gambling space with 1,100 slot and video poker machines and 20 table games. The property includes a 506-room hotel and an 8,100-square-foot multi-purpose event center.

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