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$70 million sale of Miss. casino completed

$70 million sale of Miss. casino completed

CREATED Oct. 2, 2012

LAKESHORE, Miss. (AP) -- Full House Resorts says it has completed its $70 million purchase of Silver Slipper Casino.

Full House, based in Las Vegas, borrowed the money to buy the Hancock County, Miss., gambling hall. The new owners were approved last month by the Mississippi Gaming Commission, allowing the deal to close Monday.

Investors led by Paul Alanis sold the six-year-old casino.

Silver Slipper had about 550 employees as of June 30. Full House has expressed interest in building a hotel to expand the market and profitability of one of the coast's smaller casinos. The westernmost casino on the coast, Silver Slipper today draws heavily from New Orleans.

Full House owns casinos in Rising Sun, Ind. and Fallon, Nev. It operates casinos in Incline Village, Nev., and for New Mexico's Pojoaque Pueblo.