Full House Resorts had its gaming license approved by the Indiana Gaming Commission, the Las Vegas-based company announced Thursday.
The license should enable the company to close on its acquisition of the Grand Victoria Casino and Resort in Rising Sun, Ind., early in the second quarter of the year.
"We have already received our necessary financing commitments, and we are excited to be bringing the Grand Victoria property and team members into the Full House family in the very near future," said Andre Hilliou, chairman and chief executive officer of Full House, in a statement.
The Grand Victoria Riverboat Casino has 40,000 square feet of gaming space with almost 1,300 slot and video poker machines and 37 table games. The property includes a 201-room hotel, restaurants, a theater and an 18-hole golf course.
Shares of Full House gained 3 cents, or 0.85 percent, to close Thursday at $3.57 on the New York Stock Exchange.