Full House Resorts Announces Approval of Development Agreement for Expansion of Bronco Billy’s Casino and Hotel
LAS VEGAS, June 29, 2018 (GLOBE NEWSWIRE) -- Full House Resorts, Inc. (Nasdaq:FLL) announced today that a development agreement for construction of the Company’s expansion project at Bronco Billy’s Casino and Hotel has been approved by the Cripple Creek City Council. This approval was the last major approval needed prior to commencement of construction on the expansion project. Slated to include a new luxury hotel tower, spa, parking garage, convention and entertainment center, and high-end restaurant, the Bronco Billy’s expansion will integrate seamlessly with the existing casino. For renderings of the proposed expansion, as well as a presentation discussing the Company's rationale for its Bronco Billy's expansion, please visit the investor section of www.fullhouseresorts.com and click on "News and Events/Presentations."
Separately, a competitor recently filed a lawsuit against the City of Cripple Creek and Full House Resorts in its attempt to delay or forestall the Company’s expansion project. The Company believes the lawsuit is without merit, and both the City of Cripple Creek and Full House Resorts have filed motions to dismiss.
This press release contains statements by Full House Resorts, Inc. that are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Some forward-looking statements in this press release include those regarding expected amenities and timing of the Bronco Billy’s Casino and Hotel expansion. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Such risks include, without limitation, the ability to obtain financing upon reasonable terms (including for projects such as the Bronco Billy’s expansion), the potential increase in Full House's indebtedness due to the expansion of Bronco Billy’s, construction risks, dependence on existing management, competition, uncertainties over the development and success of our acquisition and expansion projects, the financial performance of our finished projects and renovations, general macroeconomic conditions, legal risks, and regulatory and business conditions in the gaming industry. Additional information concerning potential factors that could affect our financial condition and results of operations is included in the reports we file with the SEC, including, but not limited to, our Form 10-K for the most recently ended fiscal year and our other periodic reports filed with the SEC. We are under no obligation to (and expressly disclaim any such obligation to) update or revise our forward-looking statements as a result of new information, future events or otherwise, except as otherwise required by law. Actual results may differ materially from those indicated in the forward-looking statements.
About Full House Resorts, Inc.
Full House Resorts, Inc. owns, leases, develops and operates gaming facilities throughout the country. The Company’s properties include Silver Slipper Casino and Hotel in Hancock County, Mississippi; Bronco Billy's Casino and Hotel in Cripple Creek, Colorado; Rising Star Casino Resort in Rising Sun, Indiana; and Stockman’s Casino in Fallon, Nevada. The Company also operates the Grand Lodge Casino at the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada under a lease agreement with the Hyatt organization. Further information about Full House Resorts, Inc. can be viewed on its website at www.fullhouseresorts.com.
Contact: Lewis Fanger, Chief Financial Officer Full House Resorts, Inc. 702-221-7800
Released June 29, 2018