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Stock impact report

Full House Resorts Announces Sale of Stockman’s Casino for $9.2 Million

Full House Resorts, Inc. (FLL) 
NASDAQ:AMEX Investor Relations: fullhouseresorts.com/investors.php
Company Research Source: GlobeNewswire
LAS VEGAS, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Full House Resorts (NASDAQ: FLL), through its wholly-owned subsidiary Stockman’s Casino, Inc. (the “Company”), has entered into an agreement with privately-owned Clarity Game LLC (“Clarity”) to sell the land, building, and certain other operating assets of Stockman’s Casino in Fallon, Nevada (“Stockman’s”) for total gross proceeds of approximately $9.2 million. The asset sale is expected to occur in two transactions: the sale of Stockman’s real property for $7.0 million, expected to close in late-September 2024; and the sale of certain remaining operating assets for $2.2 million, upon the receipt of customary gaming approvals. The Company will temporarily pay monthly rent of $50,000 to Clarity – and will continue to operate Stockman’s Casino – until the closing of the second transaction. Upon the second closing, the Company will transfer all of Stockman’s daily operations to Clarity. “We are pleased to announce the sale of Stockman’s Ca Show less Read more
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