Grand Victoria Casino and Resort is Acquired by Full House Resorts
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April 01, 2011
Full House Resorts announced today that it has completed the purchase of all of
the operating assets of the Grand Victoria Casino & Resort, located in Rising
Sun, Indiana. As planned, the Company applied approximately $19 million in cash
and drew $33 million on its $38 million credit facility in completing the
"We are excited to complete the transaction and officially bring the Grand
Victoria into the Full House Resorts family," said Andre M. Hilliou, Chairman
and Chief Executive Officer of Full House. "With our experience and knowledge in
managing local and regional properties, we believe we can further improve the
Grand Victoria's profitability and create additional long-term shareholder
value. We want to especially thank HGMI Gaming Inc., as well as all Grand
Victoria team members, for their assistance and professionalism during this
The Grand Victoria Riverboat Casino has 40,000 square feet of gaming space with
almost 1,300 slot and video poker machines and 37 table games. The property
includes a 201-room hotel with spa, pool, meeting space and a pavilion with five
food and beverage outlets, including a fine dining restaurant, buffet, sports
bar, quick service restaurant and coffee shop and a large, multi-purpose Grand
Theater for concerts and performance events as well as meetings and conventions.
The 300-acre grounds also contain an 18-hole Scottish links golf course with
full-service clubhouse. The property is conveniently located within driving
distance of Indianapolis and Cincinnati, Ohio and near Lexington and Louisville,
Return to Indiana Casinos.