86°F
weather icon Mostly Clear
Las Vegas, NV
Casinos & Gaming

Full House Resorts closes $7.6 million loan with Nevada State Bank

By Chris SierotyLAS VEGAS REVIEW-JOURNAL
March 28, 2011 - 8:24 am
 

Full House Resorts Inc. announced Monday that with its acquisition of the Grand Victoria Casino and Resort in Indiana almost completed, it has terminated a multimillion dollar line of credit with Nevada State Bank.

The Las Vegas-based gaming company had no borrowing left on a $7.6 million line of credit with Nevada State Bank. Full House already has replaced its previous line of credit with $38 million from Wells Fargo Securities LLC, which is being used to complete the Grand Victoria Casino acquisition.

The agreement with Wells Fargo was for a $33 million term loan and a $5 million revolving line of credit, according to the company.

Full House plans to complete the $43 million deal in early April. On March 18, the Indiana Gaming Commission approved Full House's license tied to the acquisition.

MOST READ
1
Weekly fireworks show coming to downtown Las Vegas
Weekly fireworks show coming to downtown Las Vegas
2
Source: Photo of Minshew wearing joke sweatshirt a social media hoax
Source: Photo of Minshew wearing joke sweatshirt a social media hoax
3
Bail set for DUI suspect in crash that killed 2 at Las Vegas bus stop
Bail set for DUI suspect in crash that killed 2 at Las Vegas bus stop
4
$1.1M jackpots hit at Strip, downtown Las Vegas casinos
$1.1M jackpots hit at Strip, downtown Las Vegas casinos
5
CARTOONS: Why Taylor Swift is a terrible role model
CARTOONS: Why Taylor Swift is a terrible role model
THE LATEST
A cocktail waitress serves drinks to guests at the pool at The Strat on Saturday, June 6, 2020 ...
Become a ‘day guest’ to Strip pools, spas with new app
By McKenna Ross / RJ

The platform says it’s promoting the rise of “day guesting” – where guests can use a hotel’s amenities like pools, spas and fitness centers without booking a room.