Full House Resorts Announces Appointment of Ann Kennedy as CFO of FireKeepers Casino
LAS VEGAS--(BUSINESS WIRE)--
Full House Resorts (AMEX: FLL) and its 50%-owned joint venture Gaming Entertainment Michigan, LLC (GEM) today announced on behalf of FireKeepers Development Authority the appointment of Ann Kennedy as Chief Financial Officer of FireKeepers Casino effective July 21, 2008. FireKeepers Casino is a new development at Exit 104 of Interstate 94 in Battle Creek, Michigan, where construction has commenced with a planned opening in summer 2009. The facility is expected to open with 2,500 slot machines, 90 table games, 20 poker tables, five restaurants - including a 70-seat fine dining signature restaurant, a 300-seat buffet and 150-seat 24-hour coffee shop - and will have an enclosed 2,078-space parking garage attached to the casino.
Ms. Kennedy has extensive knowledge of gaming finance, having previously served as Chief Financial Officer of Downstream Casino Development in Oklahoma and Director of Operational Finance for the Seneca Gaming Corporation in Niagara, New York - both Native American facilities.
"I welcome Ann aboard and I consider her a valuable addition to the project team," said R. Bruce McKee, General Manager of FireKeepers Casino. "I look forward to working with her as we prepare for FireKeepers' opening next summer."
Andre M. Hilliou, Chief Executive Officer of Full House Resorts, added, "Ann is a perfect fit for the management team we are putting in place for FireKeepers Casino in order to make this casino the first-class facility we envision."
Full House also provided a status update on construction efforts at the FireKeepers site. "Construction on the facility started on May 7th," said T. Wesley Elam, Senior Vice President of Operations and Project Management. "Site grading and utilities on the site is well underway; footing and foundation work has started and erection of the structural steel is scheduled to start in mid-July 2008."
About Full House Resorts, Inc.
Full House owns, develops and manages gaming facilities. Full House owns the Stockman's Casino in Fallon, Nevada which has 8,400 square feet of gaming space with approximately 260 gaming machines, four table games and a keno game. The casino has a bar, a fine dining restaurant and a coffee shop. Full House also receives a guaranteed fee from the operation of Harrington Raceway and Casino at the Delaware State Fairgrounds in Harrington, Delaware. Harrington Raceway and Casino recently completed an expansion resulting in a total of approximately 2,100 gaming devices, a buffet, gourmet steakhouse, other food and beverage outlets and an entertainment lounge. Full House 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 2,500 gaming devices, 90 table games and 20 poker tables in the Battle Creek, Michigan area, which is currently under construction. In addition, Full House has been working with the Northern Cheyenne Nation of Montana for the development and management of a 27,000 square foot gaming facility. Further information about Full House can be viewed on its 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 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, 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, its 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 Full House's 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.
Source: Full House Resorts, Inc.
Released June 11, 2008