Press Releases
FULL HOUSE RESORTS ANNOUNCES HURON POTAWATOMI CASINO PROJECT MOVES FORWARD
 

LAS VEGAS, September 5, 2006 - Full House Resorts (AMEX : FLL) announced today the issuance by the Bureau of Indian Affairs of a Record of Decision (ROD) approving the Environmental Impact Statement (EIS) prepared for the fee-to-trust transfer and reservation designation of land for the Nottawaseppi Huron Band of Potawatomi Indians (the Tribe) to be used for the Firekeepers’ Casino in Calhoun County, Michigan.  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 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. The casino will employ approximately 1,220 full-time employees as well as those needed for construction.

The ROD is the final and formal agency action approving the environmental study under the National Environmental Policy Act. The findings of the EIS that the development would result in substantial beneficial impacts and no significant negative effects after mitigation were incorporated into the ROD. The issuance of the ROD allows the Secretary of the Interior to take the land into trust, subject to the still pending lawsuit brought by Citizens Exposing the Truth About Casinos, which objected to the initial environmental study conducted over four years ago. After the more extensive, costly and time-consuming preparation of the EIS, this exhaustive study, resulting in more than 2200 pages of documentation, came to the same conclusions as originally stated. Based on the renewed findings from the EIS, the Tribe has asked the United States District Court to dismiss the lawsuit and vacate the pending injunction to allow the land to be taken into trust.

“After more than two years of methodical and thorough investigation, public hearings, public review and public comments, we hope that all can now see that the casino will be positive for the community and our Tribe,” said Huron Band Chairwoman Laura Spurr. “The Tribe has always and will continue to dedicate itself to being an outstanding environmental steward.

“While several administrative details and potential court procedures remain, this ROD reestablishes the authority of the Tribe to move forward in our efforts. It is time now to focus on bringing much needed jobs and increased economic vitality to the region.”

Andre M. Hilliou, Chief Executive Officer of Full House said, “We have taken another step forward in this development process. We congratulate the Tribe on this progress and look forward to opening day, which is coming closer all the time.”

 

Background on the 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

© 2006 Full House Resorts, Inc. All rights reserved.