Las Vegas company completes purchase of Silver Slipper
by Associated Press
Published: October 2,2012
Tags: acquisition, buy, casino, convention, entertainment, gamble, gambler, gambling, gaming, hotel, lodging, meeting, merger, nightlife, purchase, restaurant, sale, sell, tourism, tourist, vacation, visitor
BAY ST. LOUIS — Full House Resorts says it has completed its $70 million purchase of Silver Slipper Casino
Full House, based in Las Vegas, borrowed the money to buy the Hancock County gambling hall. The new owners were approved last month by the Mississippi Gaming Commission, allowing the deal to close yesterday.
Investors led by Paul Alanis sold the six-year-old casino.
Silver Slipper had about 550 employees as of June 30. Full House has expressed interest in building a hotel to expand the market and profitability of one of the coast’s smaller casinos. The westernmost casino on the coast, Silver Slipper today draws heavily from New Orleans.
Full House owns casinos in Rising Sun, Ind. and Fallon, Nev. It operates casinos in Incline Village, Nev., and for New Mexico’s Pojoaque Pueblo.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Family launches Billups Coffee with headquarters in Oxford
- Chris McDaniel responds to radio show audio clip
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- ‘Just the beginning’ — Venture Technologies merging, acquiring companies
- Mississippi State makes NSF ranking of research universities
- Chaney drops lawsuit against National Flood Insurance Program
- Sawtimber, pulpwood markets improving, but challenges remain
- Hood joins other AGs in efforts to curb copper theft
- Entergy gives $500K grant to The Nature Conservancy