Key Developments: Full House Resorts Inc (FLL.PH)

FLL.PH on Philadelphia Stock Exchange

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20 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Full House Resorts, Inc to acquire Fitzgerald's casino in Tunica
Monday, 24 Mar 2014 08:00am EDT 

Full House Resorts, Inc:Agrees with The Majestic Star Casino LLC to acquire all of the outstanding membership interests of the entity operating Fitzgerald's Casino, in Tunica, Mississippi.The purchase price is $62 mln, 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.Intends to fund the acquisition with a combination of proceeds obtained by refinancing its existing credit facilities with a new credit facility with a capacity of about $125 mln and through an equity offering.Closing of the acquisition is expected during the Q3 2014.  Full Article

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