| |
LAS VEGAS, NV, May
5, 2006 - Full House Resorts, Inc. (AMEX: FLL) ("Full House")
today announced that the Delaware Lottery has approved multi-player
electronic versions of table games for use in the state and has
issued Requests for Proposals to game manufacturers to supply the
games to the three licensed video lottery operators. Full House
Resorts, through its subsidiary, Gaming Entertainment (Delaware),
LLC (”GED”), manages Midway Slots and Simulcast at Harrington
Raceway, one of the three licensed operators. GED is 50% owned by
Full House and 50% by Harrington Raceway, Inc.
Midway Slots and Simulcast will add a total of
60 player stations to their existing 1,581 games. On April 25, 2006,
the Harrington Raceway board approved the demolition of the Carousel
Lounge to accommodate 12 of the multi-player games, each with 5
seats. The games will be installed as soon as the Lottery finalizes
manufacturing contracts and the games can be shipped, expected this
September. Multi-player games have received a lot of attention recently
from gaming analysts due to high profile acquisitions by manufacturers
and approvals from various racino jurisdictions.
The Carousel Lounge was slated for demolition
as part of the previously announced $35 million reconstruction and
expansion of Midway Slots and Simulcast. This expansion will result
in 2,000 player stations, a 300 seat multi-purpose room, a remodeled
and modernized 50 seat steakhouse, an 80 seat bar, a new 364 seat
buffet and a 118 seat coffee shop / deli. An additional 426 parking
spaces will be added with all car parking within 800 feet of the
entrance. In addition, there will be parking for 28 buses.
Andre M. Hilliou, Chief Executive Officer of
Full House said, “As manager, we continue to work with our
partner, Harrington Raceway, to improve the product at this facility
so as to bring the best entertainment to our patrons and maximize
the return to our investors.”
Bruce McKee, General Manager of Midway Slots
and Simulcast, stated, “We are very happy that the Lottery
approved these new and entertaining games, which will offer added
excitement and variety to the entertainment experience we offer.
At Midway, we strive to offer our customers the best and most popular
games.”
About Full House Resorts, Inc.
Full House develops and manages gaming facilities.
Full House 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. The Company also 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. 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, including without
limitation, regulatory approvals, financing sources and terms, integration
of acquisitions, competition and business conditions in the gaming
industry. Additional information concerning potential factors that
could affect Full House’s financial condition and results
of operations is included in the reports Full House files with the
Securities and Exchange Commission, including, but not limited to,
it’s Form 10 KSB for the most recently ended fiscal year.
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
www.fullhouseresorts.com
|
