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Iacocca firm seeks Nevada casino

January 08, 2007|From the Associated Press

A small casino company with former Chrysler Chairman Lee Iacocca as one of its primary investors is seeking a Nevada gaming license.

Las Vegas-based Full House Resorts is asking Nevada gaming regulators to approve its $25.5-million purchase of Stockman's Casino and Holiday Inn Express in Fallon, a town about 60 miles east of Reno.

The Gaming Control Board is scheduled to take up the matter Wednesday in Las Vegas.

Full House operates the Deadwood Gulch Resort in Deadwood, S.D., and manages an Indian casino in Oregon and a racetrack casino in Delaware.

Iacocca owns about 12% of the company and has been a director since 1998.

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