Full House Resorts (NASDAQ: FLL) today announced that its lease with an
affiliate of Hyatt Hotels Corporation for the Grand Lodge Casino at
Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village,
Nevada has been extended and is now scheduled to expire on August 31,
2018. All other terms of the lease remain unchanged.
“We are very appreciative of the strong working relationship we have
developed with the Hyatt organization and thank them for this
extension,” said Andre Hilliou, Chairman and Chief Executive Officer of
Full House Resorts. “The extension will allow us to invest in a
much-needed new casino management system for the Grand Lodge Casino.”
About Full House Resorts, Inc.
Full House owns, develops and manages gaming facilities. The Company
owns the Rising Star Casino Resort in Rising Sun, Indiana. The Rising
Star Casino has 40,000 square feet of gaming space with almost 1,300
slot and video poker machines and 37 table games. The property includes
a 190-room hotel, a pavilion with five food and beverage outlets, an
18-hole Scottish links golf course and a large, multi-purpose Grand
Theater for concerts and performance events as well as meetings and
conventions. The Company acquired the Silver Slipper Casino in Hancock
County, Mississippi on October 1, 2012, which has 37,000 square feet of
gaming space with almost 1,000 slot and video poker machines, 26 table
games, a poker room and the only live Keno game on the Gulf Coast. The
property includes a fine dining restaurant, buffet, quick service
restaurant and two casino bars. Full House also owns Stockman’s Casino
in Fallon, Nevada and operates the Grand Lodge Casino at Hyatt Regency
Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada on the
north shore of Lake Tahoe under a lease agreement (expiring on August
31, 2018) with an affiliate of Hyatt Hotels Corporation. In addition,
the Company has a management agreement with the Pueblo of Pojoaque for
the operations of the Buffalo Thunder Casino and Resort in Santa Fe, New
Mexico along with the Pueblo’s Cities of Gold and Sports Bar casino
facilities.
Further information about Full House Resorts can be viewed on its
website 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 Full House’s
current expectations and projections about future events and generally
relate to Full House’s plans, objectives and expectations for Full
House’s business. Although Full House’s 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, including the ability to maintain a gaming license in
Indiana, Nevada and Mississippi, financing sources and terms,
integration of acquisitions, competition and business conditions in the
gaming industry, including competition from Ohio casinos and any
possible authorization of gaming in Kentucky. 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, its Form 10-K for the most recently ended fiscal year.
