Las Vegas company completes purchase of Silver Slipper
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.
Top Posts & Pages
- A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans
- Analyst: KiOR Columbus plant may end up sold as scrap
- Warden who lives hundreds of miles from jail resigns
- Jail kitchen supervisor pleads guilty to stealing food
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- DAVID DALLAS: Savor this Thanksgiving and be grateful
- Hunting-weapons legislation passes House
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi