Full House, owner of the Silver Slipper Casino, eyes sports gambling with William Hill deal
Las Vegas-based Full House Resorts, which owns the Silver Slipper Casino and Hotel in Mississippi and other casinos, had a successful second quarter. Net revenue for the company ticked up 2.8% to 41.2 million on the back of better performance at the Silver Slipper, whose revenue increased by 6.4% to $17.5 million year-on-year. As a result, Full House wants to bring sports betting to Mississippi and is working on a partnership with international sportsbook leader William Hill.
According to Full House president and CEO Daniel R. Lee, “At the Silver Slipper, we are diligently preparing a portion of the casino floor for sports betting. Following the United States Supreme Court ruling modifying federal restrictions, Mississippi approved sports betting at casinos throughout the state.
“When our sports betting area opens, the Silver Slipper will be the closest place for residents of New Orleans and the North Shore of Lake Pontchartrain to legally wager on sports.”
Lee also discussed expansion plans for its Bronco Billy's Casino and Hotel in Colorado. The casino's revenue remained unchanged over last year, and Lee pointed out that the expansion should help improve revenue growth. He said, "In June, our Bronco Billy’s expansion project in Cripple Creek, Colorado received final approvals from the Cripple Creek City Council, including approval of a development agreement for the project."
Full House is also looking to get in on New Mexico's gambling scene. The company submitted a formal letter of intent to the New Mexico Racing Commission to participate in the bidding process for the state's sixth racing license, which could be awarded before the end of this year.