Las Vegas-based Full House Resorts is buying the Grand Victoria Casino and Resort in southern Indiana in a $43 million deal.
Full House announced Monday its plans to purchase of the casino, along with its 201-room hotel and golf course, from Hyatt Hotels Corp. subsidiary HGMI Gaming. Full House said it expected to close on the deal for the Ohio River casino in early 2011 after gaining approval from regulators.
Full House CEO Andre Hilliou says the company believes it can improve Grand Victoria's profitability because of its experience catering to local customers in competitive markets.
Grand Victoria is in the midst of three casinos in southeastern Indiana and saw its admissions drop nearly 12 percent to about 1.4 million for the year ending June 30.