Full House Resorts Announces Sale of Stockman’s Casino for $9.2 Million

Full ​House Resorts has announced the‌ sale‌ of Stockman’s Casino in Fallon, Nevada, ⁤for a total of $9.2‍ million. The property will be sold for $7 million, and the remaining operating⁣ assets will be sold for $2.2 million.

The sale will be‌ carried out in two tranches, with the first transaction expected to be completed ‍by the ⁢end of September 2024⁢ and the second transaction pending customary ⁤gaming approvals.

Full House Resorts will ⁤continue‌ to operate Stockman’s Casino until the second transaction is completed, paying Clarity $50,000 per month in lease payments.

Upon completion of the sale, all day-to-day operations of Stockman Casino will ⁣transfer to Clarity.

Full House Resorts currently owns and operates ⁢several gaming properties across the country, including Chamonix ​Casino Hotel, American Place, and Silver Slipper Casino and Hotel.

About Full ‌House Resorts

Full House Resorts owns, leases, operates, develops, manages and/or invests in casinos and related hospitality and entertainment facilities. Casino resort properties include⁢ the Silver Slipper Casino and Hotel⁤ in Hancock Country, Mississippi;‌ Bronco Billy Casino and Hotel in Cripple ⁢Creek, Colorado; Rising Star Casino Resort in Rising Sun, Indiana; and Grand Lodge Casino in Incline Village, Nevada.

Stockman’s Casino and Grand Lodge Casino are part⁤ of the Northern ‍Nevada business segment, while Silver Slipper Casino and Hotel, Bronco Billy’s Casino ‍and Hotel, and Rising Star Casino Resort are separate business segments.