Full House Resorts approved to own Mississippi gaming license Full House Resorts has been approved to own a Mississippi gaming licensee by the Mississippi Gaming Commission. The finding of suitability for Full House to own the licensee should enable the company to close on its acquisition of the Silver Slipper Casino Venture LLC, the entity operating the Silver Slipper Casino in Hancock County, Mississippi on October 1.
Full House Resorts board announces initiation of sale process Full House Resorts announced that the company’s Board of Directors has authorized management to initiate a process for the sale of the company. After its evaluation of strategic alternatives, the Board of Directors has determined that pursuing a sale of the company is the best course of action to maximize stockholder value and is accordingly in the best interest of all stockholders. The company will continue to work with Macquarie Capital as its financial advisor and Latham & Watkins LLP as its legal advisor as it pursues the sale process. The company welcomes the dissident stockholder group to participate in the sale process. However, the company does not believe that granting the dissident stockholder group effective control of the company’s Board of Directors without the payment of a control premium will maximize stockholder value. In the meantime, the company encourages stockholders not to support the disruptive and expensive process to call a special meeting initiated by the dissident stockholders.