TUNICA, Miss. (AP) -- Las Vegas-based Full House Resorts has terminated an agreement to buy Fitzgerald's Casino in Tunica from Majestic Star Casino LLC.
The purchase was announced in March.
However, in an earnings report released Wednesday, the company says it notified Majestic Star on May 7 that it could not raise financing for the $62 million venture.
The Fitz Casino has 38,000 square feet of gambling space with 1,100 slot and video poker machines and 20 table games. The property includes a 506-room hotel with 68 suites, a fine dining restaurant, buffet, quick service restaurant, two casino bars and an 8,100-square-foot multi-purpose event center.
Las Vegas-based Full House Resorts owns, develops and manages gambling facilities.
Full House also owns the Silver Slipper Casino in Hancock County, Miss.