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