Full House Acquires Nevada Casino

The Stockman’s Casino and Holiday Inn Express in Fallon, Nevada has recently begun negations with a Las Vegas based buyer.  The Stockman casino is currently a family owned establishment.  As of Monday, Full House Resorts Inc. offered $25.5 million dollars for all outstanding shares of Stockman’s Casino Inc.  The deal depends on regulatory approval and will be financed with equity, debt, and cash. 

Full House vice president of operations and project management, T. Wesley Elam, seems very interested in the location of the casino.  “Fallon is a nice area with great growing potential,” exclaims Elam.  “The Stockman’s prime location with plenty of land will allow us to expand easily as the market warrants.”

James R. Peters maintain operations over the casino until negotiations have been finalized.  The casino has been owned and operated by the Peters family since 1969.  “I have been working here for 31 years and the time has come to slow down a little and enjoy life more fully,” reminisces Peters. 

Not only will there be an “under new management” sign hanging outside of Stockman’s, the casino is currently undergoing renovations.  Upon completion, the casino floor will span 8,400 square-feet.  The floor will hold 280 slot machines, keno, and four table games.  In addition it will offer a bar, a coffee shop, and a restaurant.  The adjacent Holiday Inn Express is made up of 98 hotel rooms, meeting rooms, a sauna, a fitness club, and indoor-outdoor swimming pools. 

Full House CEO Andre M. Hilliou is looking forward to the “immediate and consistent income” that is sure to balance the company’s Indian casino development projects.  Full House has management agreements with Indian casinos in New Mexico, Montana, and Michigan.  The company also manages a restaurant, racetrack, and a casino in Delaware. 

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