Full House Resorts closes on casino-management contract sale

By Chris SierotyLAS VEGAS REVIEW-JOURNAL

April 2, 2012 - 12:03 pm

Full House Resorts Inc. said Monday it had closed on a $97.5 million sale of its interest in the FireKeepers casino management contract.

The Las Vegas-based casino management company used a portion of the proceeds to pay off $25.3 million in debt and to close a $4.5 million credit agreement it had with Wells Fargo & Co.

Since its August 2009 opening, Full House has managed the $300 million FireKeepers casino in Battle Creek, Mich., for the Nottawaseppi Huron Band of Potawatomi Indians.

But the tribe negotiated a buyout, four years early, of the Full House contract.

The sale also includes Full House's 50 percent stake in Gaming Entertainment Michigan, a joint venture with RAM Entertainment LLC.

Virgin Hotels Las Vegas on Friday, April 30, 2021, in Las Vegas. (Ellen Schmidt/Las Vegas Revie ...

48-hour strike planned at off-Strip resort

By McKenna Ross / RJ

May 8, 2024 - 4:56 pm

Roughly 700 hospitality workers at an off-Strip casino plan to walk off the job for two days after lengthy contract negotiations continue, union officials said Wednesday.

Scott Sibella speaks during a tour of Resorts World in 2021. (Chase Stevens/Las Vegas Review-Jo ...

Former MGM executive Sibella sentenced in federal court

By Richard N. Velotta / RJ

May 8, 2024 - 4:13 pm

Former Las Vegas gaming executive Scott Sibella was sentenced for knowingly allowing an illegal bookmaker to gamble at MGM Grand, violating anti-money-laundering laws.

A billboard along I-15 near Russell Road Tuesday, May 7 2024, advertises a $1M reward from a hi ...

High roller offers $1M reward for info on alleged drugging at Vegas casino

By McKenna Ross / RJ

May 8, 2024 - 10:49 am

A California businessman has sued MGM Resorts International for an instance where he was allegedly drugged while playing in a private salon.

The site of a planned casino-resort, owned by billionaire Tilman Fertitta, is seen, center, on ...

What’s the latest on proposed Strip resort backed by billionaire?

By Sean Hemmersmeier / RJ

May 8, 2024 - 9:00 am

The plans for the 43-story Las Vegas Strip resort backed by billionaire Tilman Fertitta appear to be active as permits have continued to be issued for the site in 2024.

Durango expansion could start by yearend, parent company says

By McKenna Ross / RJ

May 8, 2024 - 5:05 am

Red Rock Resorts says it will first focus on developing a California casino and then look at the second phase of its new resort in the southwest Las Vegas Valley.

Mohegan Tribe to end management of Las Vegas casino

By Richard N. Velotta / RJ

May 8, 2024 - 12:52 pm

Noted as the first tribal enterprise to manage a commercial casino in Nevada, the Mohegan group will turn over management to Virgin Hotels Las Vegas.

Tropicana keeping business licenses active amid demolition

By McKenna Ross / RJ

May 7, 2024 - 7:14 pm

Management of the Strip resort told the County Board of Commissioners the request relates to the construction timeline for the Oakland Athletics’ ballpark plan.

Exact A’s ballpark location unknown; Bally’s may seek partner on new resort

By Mick Akers / RJ

May 7, 2024 - 7:12 pm

The Oakland Athletics plan to build a ballpark on the site of the Tropicana, but Bally’s says where the stadium will sit on that site is still being determined.