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Full House Resorts Closes Holiday Inn Sale

LAS VEGAS-One year after acquiring Stockman's Casino the adjacent Holiday Inn in Fallon, NV for $27 million the locally based public gaming company flips the hotel component.

By Brian K. Miller | Updated on February 24, 2008

LAS VEGAS-Full House Resorts has closed on the resale of a 98-room Holiday Inn Express in Fallon, NV that it acquired 13 months ago along with the adjacent Stockman’ Casino for a total of $27 million. The locally headquartered public gaming company sold the property for $7.2 million.

The new owner, Dhillon Hospitality Management Inc., was originally supposed to close on the transaction in December. In mid-December, Full House extended the closing date to this month, saying the buyer requested the extension following “a delay in securing a financing commitment, which has since been obtained.”

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