| |
LAS VEGAS, NV, June
29, 2006 - Full House Resorts (AMEX : FLL) extends its hearty congratulations
to the Nottawaseppi Huron Band of Potawatomi Indians on its announcement
of the completion and issuance by the Bureau of Indian Affairs of
a Final Environmental Impact Statement for the Tribe's fee-to-trust
transfer and reservation designation of land to be used for a casino
in Calhoun County. Full House has a management agreement with the
Tribe for the development and management of a first-class casino/resort
in the Battle Creek, Michigan area, which is currently in development.
The planned facility will consist of 2,000 state of the art slot
machines, 44 table games, a poker room and 6 food and beverage outlets
catering to every level of service. On behalf of the tribe, Full
House is planning a development which will rival the best available
in the area and offer competitive services and amenities.
Below are some abstracts from the Tribe's press
release.
“The Bureau of Indian Affairs (BIA),
in cooperation with the National Indian Gaming Commission
(NIGC), has completed the Final Environmental Impact Statement
(FEIS) for the proposed Nottawaseppi Huron Band of Potawatomi
Indians fee-to-trust transfer and reservation designation
of land to be used for a casino in Calhoun County.
“In accordance with the National
Environmental Policy Act (NEPA), the FEIS was prepared to
assess the environmental impacts of the proposed FireKeepers
Casino in Emmett Township. Environmental issues addressed
in the FEIS include land and water resources, air quality,
biological resources, cultural resources, socioeconomic conditions,
resource use patterns, traffic and transportation networks,
and indirect and induced growth impacts.
“The BIA’s FEIS determined
the Tribe’s fee-to-trust transfer and reservation designation
would result in substantial beneficial impacts and no significant
negative effects after mitigation.
“On April 23, 2004, the US District
Court issued a ruling in the Tribe’s land trust application.
The ruling was favorable to the Tribe on three issues and
requested additional information about the potential effect
a casino might have on the surrounding areas. The BIA elected
to respond to the court’s concerns by preparing an Environmental
Impact Statement.
“Just as we expected, the Environmental
Impact Statement has demonstrated to the community what we
already knew: the Nottawaseppi Huron Band of Potawatomi Indians
will be an outstanding environmental steward,” said
Huron Band Chairwoman Laura Spurr. “We have and will
continue to take precautions to ensure that our project is
sensitive to its surroundings.
“The environmental review process
conducted by the BIA with the Tribe’s cooperation has
been very thorough and methodical. After years of delay on
this project, the Tribe is eager to move forward, so we can
soon begin construction of our FireKeepers Casino.
“We hope that the immediate positive
effects that our project will bring – construction jobs,
construction spending, local government payments, supplier
spending, and job creation – will soon occur in Calhoun
County, a county that desperately needs economic stimulus.”
“FireKeepers Casino, to be managed
by Full House Resorts, Inc. for the Huron Band, is planned
to be built at the former Sackrider Farm site, along the south
side of Interstate 94, at the Eleven Mile Road exit in Emmett
Township.
Background on Tribe
There are about 660 Tribal members of the Huron Band,
who live in a fairly scattered geographic area in southwestern
Michigan. Tribal members are expected to move closer to Pine
Creek, the Huron Band’s social core, when Tribal services
are expanded. To serve its Tribal members, the Huron Band,
whose seven-county health care delivery area covers Allegan,
Barry, Branch, Calhoun, Kalamazoo, Kent, and Ottawa counties,
also maintains satellite offices in Grand Rapids and Battle
Creek.
|
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 development. 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. The Company
recently signed an agreement to acquire the Stockman’s Casino
and Holiday Inn Express in Fallon, Nevada. A closing is anticipated
later this year subject to regulatory approvals. Stockman’s
Casino completed a renovation, which results in a total of almost
8,400 square feet of gaming space with approximately 280 gaming
machines, 4 table games and a keno game. The casino has a bar, a
fine dining restaurant and a popular coffee shop. The Holiday Inn
Express has 98 guest rooms, indoor and outdoor swimming pools, a
sauna, fitness club, meeting room and business center. 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
|
