| |
Las Vegas, March 2,
2006 - Full House Resorts, Inc. (AMEX: FLL) ("Full House")
is pleased to report that the Tribal Council of the Northern Cheyenne
Tribe of Montana has signed a revised Gaming Management Agreement
containing revisions which will expedite the approval by the National
Indian Gaming Commission (“NIGC”) as required by federal
law. The Company is gratified with the cooperation from the Tribal
Council. The Gaming Management Agreement will be submitted to the
NIGC for its approval shortly. Full House anticipates approval of
the Gaming Management Agreement in due course, which will clear
the way to solidifying final funding for the project.
An Environmental Assessment, as required by the
National Environmental Policy Act (“NEPA”) as part of
the process for the Bureau of Indian Affairs to approve the land
for use for gaming, is already in draft form. While this process
requires much detail, Full House expects the process to move smoothly
with the opening of the casino within one year from the start of
construction.
The site is located at the Tongue River Reservoir
on land owned by the Tribe. Plans are for a 27,000 square foot facility
including 250 slot machines, eight table games, a poker room, two
food outlets, gift shop, and lounge. The area is a well-known recreation
venue and the casino will be themed accordingly.
Andre M. Hilliou, Chief Executive Officer of
Full House said, “I am quite pleased with the progress of
this project and the cooperation we have received from the Tribe.
As I have promised to our shareholders, we are moving forward with
several projects to diversify our portfolio and secure a return
on their investment.”
Eugene Little Coyote, Tribal President,
stated, “I am excited about the progress of this project.
The guidance we are receiving from Full House and its staff is making
opening day seem around the corner. While there is still much work
to do before opening day, we are moving right ahead with this economic
development so needed by 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 27,000 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. Further
information about the Company can be viewed on our web site at www.fullhouseresorts.com
.
Forward-looking Statements
Some of the statements made in this release are
forward-looking statements. These forward-looking statements are
based upon our current expectations and projections about future
events and generally relate to our plans, objectives and expectations
for our business. Although our management believes that the plans
and objectives expressed in these forward-looking statements are
reasonable, the outcome of such plans, objectives and expectations
involve risks and uncertainties and our actual future results may
be materially different from the plans, objectives and expectations
expressed in these forward-looking statements.
For the foregoing reasons, readers and investors
are cautioned that there also can be no assurance that the outcomes
expressed in our forward-looking statements included in this release
and otherwise will prove to be accurate. In light of the significant
uncertainties inherent in such forward-looking statements, the inclusion
of such information should not be regarded as a representation or
warranty by Full House or any other person that Full House's objectives
and plans will be achieved in any specified time frame, if at all.
Full House does not undertake any obligation to update any forward-looking
statements or to announce revisions to any forward-looking statements.
For further information, contact
Andre Hilliou, Chief Executive Officer
Full House Resorts, Inc.
702-221-7800
|
