From the Desk of Lee A. Iacocca
Director, Full House Resorts
You probably know me from my affiliation with Chrysler and Ford, but you may not be aware of my involvement in the gaming industry. My friend, Allen Paulson, founded Full House Resorts 17 years ago, and shortly thereafter brought me in as partner. I am still one of its principal owners, and am currently actively involved as one of the Directors of the company. Allen’s son, Michael Paulson, is now managing his late father’s business, and has assumed the position of Chairman of the Board of Full House Resorts. Together, Michael and I have assembled a strong management team; because many years ago, I learned that the success of a company, no matter what industry you are in, is dependent on strong leadership and a commitment to excellence. On the following pages, I would like to introduce you to our management team—one of the strongest, most successful teams in the business. And we are committed to excellence!

 

Full House Resorts has a track record of success with gaming development and management projects in Delaware, South Dakota, Oregon, Michigan, New Mexico and Montana. These projects, and some of the accomplishments of our experienced managers, are highlighted in this brochure.

We are poised to create and manage an innovative and profitable gaming facility that will be enjoyed by you and your customers. Please take a few minutes to review our qualifications—who we are, what we have done, and what we can do for you. Please note the principles listed on the cover that this company is based on.

I am sure that, after reviewing our substantial capabilities, you will agree that Full House Resorts is your best choice for the successful development and management of your next project. Many thanks for considering me and Full House Resorts to be your partner. We won’t disappoint you.

J. MICHAEL PAULSON, CHAIRMAN
J. Michael Paulson was elected to our board on February 13, 2004, and was appointed Chairman of the Board on March 1, 2004. Mr. Paulson has been involved in the real estate development and investment business since 1986, as the Founder, Owner and President of Nevastar Investments Corp. and Construction Specialist of Nevada, Inc. Mr. Paulson has been a director, president and general manager of Gold River Resort and Casino, Inc. and Gold River Operating Corporation since 2000. Mr. Paulson also serves as a director or officer of various businesses involving thoroughbred racing and breeding operations, oil exploration and real estate, gaming and equity investments. Mr. Paulson worked in the aerospace industry for 17 years, including 11 years with Gulfstream Aerospace Corporation.
LEE A. IACOCCA, DIRECTOR
Lee A. Iacocca has been a Director since April, 1998. In 1997, he founded EV Global Motors, to design market and distribute the next generation of electric vehicles. Mr. Iacocca is former Chief Executive Officer and Chairman of the Board of Directors of Chrysler Corporation, retiring from those positions in 1992. He retired as a Chrysler Director in September, 1993, and continued to serve as a consultant to Chrysler until 1994. He is Chairman of the Iacocca Foundation, a philanthropic organization dedicated to educational projects and the advancement of diabetes research, and is Chairman of the Committee for Corporate Support of Joslin Diabetes Foundation. Mr. Iacocca is also Chairman Emeritus of the Statue of Liberty - Ellis Island Foundation and serves on the Advisory Board of Reading Is Fundamental, the nation's largest reading motivation program.
KATHLEEN M. CARACCIOLO, DIRECTOR
Kathleen Caracciolo has an extensive background in finance and accounting, currently serving as Vice President of Finance for Atlantic City Coin and Slot Service Company, Inc., which designs, manufactures and distributes electronic gaming devices. Previously, she was Vice President of Finance for the Atlantic City Convention and Visitors Authority, a government agency responsible for enhancing the economy of the region with coordination of the operations of the Atlantic City Convention Center and Boardwalk Hall, famous for years as the home of the Miss America Pageant. Prior to that, Ms. Caracciolo was employed by the Atlantic City Showboat Casino Hotel, rising through the financial ranks to become Vice President of Finance, and has held finance positions with several other Atlantic City casinos.
DR. CARL G. BRAUNLICH, DIRECTOR
Dr. Carl G. Braunlich is an Associate Professor in the William F. Harrah College of Hotel Administration at University of Nevada, Las Vegas. Dr. Braunlich holds a Doctor of Business Administration in International Business from United States International University, San Diego, CA. He has been on the faculties of the hotel management programs at Cornell and Purdue Universities. Dr. Braunlich has held executive positions at the Golden Nugget Hotel and Casino in Atlantic City, NJ, and at Paradise Island Hotel and Casino, Nassau, Bahamas. He has been a consultant to Wynn Las Vegas, Harrah’s Entertainment, Inc., Showboat Hotel and Casino, Bellagio Resort and Casino, International Game Technology, Inc., Atlantic Lottery Corporation, Nova Scotia Gaming Corporation and the Nevada Council on Problem Gambling. He was on the Board of Directors of the National Council on Problem Gambling and has served on several problem gambling committees, including those of the Nevada Resort Association and the American Gaming Association.
KEN ADAMS, DIRECTOR
Ken Adams is a principal in the gaming consulting firm, Ken Adams Ltd., which he founded in 1990. He is also an editor of the Adams’ Report monthly newsletter, the Adams’ Daily Report daily electronic newsletter and the Adams Review, each of which focus on the gaming industry. Since August 1997, Mr. Adams has been a partner in Johnny Nolon’s Casino in Cripple Creek Colorado. He currently serves on the Board of Directors of Vision Gaming & Technology, Inc., a privately-held gaming machine company and the Downtown Improvement Agency for Reno, Nevada.
EXECUTIVE OFFICERS
ANDRE M. HILLIOU, CHIEF EXECUTIVE OFFICER AND DIRECTOR
With over 25 years experience in the gaming industry, Andre brings with him a wealth of knowledge. From fundraising and organization, development and opening, to operation and management, Andre has done it all. Starting with Steve Wynn's Golden Nugget, Andre progressed through senior management positions, until he was tapped to operate the Showboat Atlantic City, where he took the company from $30 million in net revenue to $130 million within two years, and in the face of the opening of Trump Taj Mahal Casino next door. Andre was chosen as Showboat's senior manager for its Sydney Harbour Casino project in New South Wales, where he was singularly responsible for obtaining the financing and the development and opening of this $1 billion facility. He has served as President and CEO of other gaming companies.
MARK J. MILLER, SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER AND DIRECTOR
Since 2003, Mr. Miller has served as Executive Vice President and Chief Financial Officer of Aero Products International, a leading maker of premium, air-filled bedding products. From 1998 until 2003, Mr. Miller was Executive Vice President and Chief Financial Officer of American Skiing Company, owner and operator of seven well-known ski resorts located in New England, Colorado and Utah. From 1994 until 1998, he was an Executive Vice President of Showboat, Inc. with responsibility for operational support for new casino development. Previously, Mr. Miller served in various positions within the Showboat organization, including President and Chief Executive Officer of Atlantic City Showboat, Inc. Mr. Miller holds a Master’s Degree in Accountancy from Brigham Young University and is a Certified Public Accountant.
BARTH F. AARON, SECRETARY AND GENERAL COUNSEL
Barth has over 18 years experience in the gaming industry and has been practicing law for over 25 years. He is admitted to practice in the state of Nevada, New Jersey and New York. With a background as a Deputy Attorney General in the New Jersey Division of Gaming Enforcement, Barth brings a wealth of knowledge in licensing, compliance and good business practices. He has represented most of the major casino and gaming supplier companies in the country. Barth has developed employee, compliance, internal control and general corporate policy programs in conjunction with most of the gaming commissions in the country. Barth is a member of the International Masters of Gaming Law, an invitation-only group whose membership must demonstrate proven knowledge and understanding of the gaming field.
T. WESLEY ELAM, SENIOR VICE PRESIDENT OF OPERATIONS AND DEVELOPMENT
Wes has over 27 years experience in the casino/hotel industry. He is an expert in casino openings and operations. Most recently, he served as General Manager of the Argosy Casino - Baton Rouge, LA. In 1999, he turned the property around to profitability by implementing an identity re-branding of the casino, renovation of the casino and construction of a hotel. From 1994 to 1998, he served as Chief Operating Officer for the Star City Casino in Sydney, Australia, responsible for the openings and operations of both the temporary and permanent casino/hotel. Prior to that, he served as Controller for Casino Windsor, Ontario, Canada, overseeing the construction and opening of the temporary casino, which was a fast-track project, opening in six months. Previously, he had served in various executive positions with responsibilities for the opening and operations of the Trump Taj Mahal Casino, Showboat Casino, Trump Castle Casino and the Tropicana Casino. Mr. Elam holds a Bachelor of Science degree in Business Administration from the Thomas Edison State College.
KEY PERSONNEL
JIM DACEY, VICE PRESIDENT, INDIAN GAMING DEVELOPMENT
Jim has over twenty years experience managing complex, multi-discipline projects. He has worked with Tribal governments, federal agencies and local municipalities and civic organizations to secure the approvals, agreements and support necessary to conduct tribal gaming. He is responsible for identifying and securing the services of all key suppliers and consultants, developing the strategy and then directing and managing the efforts of the team. Jim is the company's liaison to the tribal government and their legal representatives in all matters related to the project. He has extensive experience in project and contract management, customer relationship management, as well as implementation of the business process. Prior to joining Full House Resorts, Jim was with GTECH, the world's largest lottery supplier, as Director of Operations.
JAMES MEIER, VICE PRESIDENT OF FINANCE
James has over 15 years experience in the hospitality industry. With a proven background in analyzing the economic and tax implications of business transactions and acquisitions, SEC disclosures, corporate asset management and development, James has experience in the United States, Canada, Mexico, Caribbean and Native American tribal enterprises. He has hands-on experience in casino accounting and internal controls as well as regulatory compliance. A CPA and CMA, James earned his Master's Degree from University of Nevada, Las Vegas and his Bachelor of Science degree in Business Administration from Minnesota State University.
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