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.