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
- Analyst: KiOR Columbus plant may end up sold as scrap
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- College Board gives Keenum contract extension, raise
- Humana and Bill, Hillary and Chelsea Clinton Foundation partnering
- Six out of eight universities could have higher tuitions in 2015
- Hunting deer? There's an app for that
- Can Metrocenter rise from the ashes? Again
- Apple ordered to pay $23.6M for using SkyTel technology
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- Court hits David Watkins with $600,000 order over Retro Metro issues