Las Vegas company to buy Miss. casino

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Updated: 3/24 4:18 pm

TUNICA, Miss. (AP) — Las Vegas-based Full House Resorts has agreed to buy Fitzgerald's Casino in Tunica, Miss., from Majestic Star Casino LLC.

The purchase price is $62 million, 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.

Full House says in a news release that it expects to close the deal during the third quarter of 2014.

The Fitz Casino has 38,000 square feet of gambling space with 1,100 slot and video poker machines and 20 table games. The property includes a 506-room hotel and an 8,100-square-foot multi-purpose event center.

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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