Full House Resorts, a leading casino and resort company, has announced the sale of its Fallon, Nevada casino for a whopping $9.2 million. The deal, which was finalized last week, marks a significant milestone for the company as it looks to refocus its efforts on its core properties.
The Fallon casino, which has been a staple in the community for over a decade, was sold to an undisclosed buyer. The sale was part of Full House Resorts’ strategic plan to streamline its operations and optimize its portfolio of properties.
“We are very pleased to have completed the sale of our Fallon casino,” said Daniel R. Lee, President and CEO of Full House Resorts. “This transaction allows us to reallocate resources to our core properties and continue to deliver exceptional experiences for our guests.”
The casino, located in the heart of downtown Fallon, features a variety of gaming options including slots, table games, and poker. It also offers a full-service hotel, restaurant, and entertainment venue. The new owner is expected to take over operations in the coming weeks.
The sale of the Fallon casino comes at a time of transition for Full House Resorts, which has been working to streamline its operations and improve profitability. The company recently announced plans to invest in its existing properties, including the Silver Slipper Casino in Mississippi and the Rising Star Casino in Indiana.
“We remain committed to delivering exceptional guest experiences at our core properties,” said Lee. “We are confident that these investments will position us for long-term success in the highly competitive gaming industry.”
Full House Resorts is a publicly traded company that owns and operates casinos and resorts in several states, including Nevada, Mississippi, and Indiana. The company is known for its commitment to providing exceptional service and top-notch gaming experiences for its guests.
As the gaming industry continues to evolve and grow, Full House Resorts remains focused on innovation and strategic growth. The sale of the Fallon casino is just the latest step in the company’s ongoing efforts to strengthen its position in the market and deliver value to shareholders.
Overall, the sale of the Fallon casino for $9.2 million is a significant development for Full House Resorts and underscores the company’s commitment to strategic growth and operational excellence. With a renewed focus on its core properties, Full House Resorts is well positioned to thrive in the competitive gaming industry for years to come.
