| |
Las Vegas, January 27, 2006
- Full House Resorts, Inc. (AMEX: FLL) ("Full House") is
pleased to report that its Gaming Management Agreement with the Nambé
Pueblo in Santa Fe, New Mexico has been submitted for approval to
the National Indian Gaming Commission (“NIGC”) as required
by federal law. The Company is gratified with a very quick response
from the staff of the NIGC, which raised few concerns and were easily
remedied. A revised Gaming Management Agreement was approved by the
Tribal Council on December 28, 2005 and is being resubmitted to the
agency for its final approval.
Full House
anticipates approval of the Gaming Management Agreement shortly,
which will clear the way to solidifying final funding for the project.
With an Environmental Assessment, as required by the NIGC as part
of the approval process, already in draft form, Full House expects
the process to move smoothly with the opening of the casino within
one year from the start of construction.
Plans for the 50,000 square foot facility include
500 slot machines, eight table games, three food outlets, gift shop,
lounge, and other amenities. The parties are in discussion with
a recognized provider of child care services for a center within
the casino so that both employees and patrons may confidently bring
their children to a safe and secure play area.
Andre M. Hilliou, Chief Executive Officer of
Full House said, “This project is moving ahead swiftly. As
I have promised to our shareholders, we are moving to increase and
diversify our operations in order to provide a secure future and
better return on their investment.”
Brenda McKenna, Chair of the Nambé Pueblo
Gaming Enterprise Board, stated, “I am pleased with the speed
in which we are progressing. The entire team has worked tirelessly
to reach this milestone in the process. There is much work to do
before opening day, but with the guidance of the Full House professionals,
we are moving right ahead and look forward to opening our facility,
so that we can provide economic support to our members and our community.”
About Full House Resorts
Full House develops and manages gaming facilities.
The Company has a management agreement with the Nottawaseppi Huron
Band of Potawatomi Indians for the development and management of
a first-class casino/resort with more than 2,000 gaming devices
in the Battle Creek, Michigan area, which is currently in the pre-development
stage. Full House also manages Midway Slots and Simulcast at the
Delaware State Fairgrounds in Harrington, Delaware, along with the
owner of the adjacent racetrack. Midway Slots and Simulcast has
a total of 1,581 gaming devices, a 350-seat buffet, a 50-seat diner,
gourmet Steak House and an entertainment lounge. In addition, the
Company has a Gaming Management Agreement with the Nambé
Pueblo of New Mexico for the development of a coordinated entertainment
venue centered on a 50,000 square foot casino and with the Northern
Cheyenne Nation of Montana for the development and management of
a 25,000 square foot gaming facility. The Company was recently selected
by both the Manuelito Chapter of Navajo Indians to develop and manage
a gaming facility near Gallup, New Mexico and the Shiprock Chapter
of Navajo Indians to develop and manage a gaming facility at Shiprock,
New Mexico, subject to the approval of the Navajo Nation.
Forward-looking Statements
No assurances can be given that any agreement,
development, project or venture mentioned or contemplated by this
release will occur. Certain statements in this release that are
not historical facts are “forward-looking statements”
within the meaning of the Private Securities Litigation Act of 1995.
These statements are subject to risks and uncertainties that may
cause actual results or performance to be materially different from
that expressed or implied in such statements.
For further information, contact
Andre Hilliou
Chief Executive Officer
Full House Resorts, Inc.
702-221-7800
|
