Full House Resorts Acknowledges Published Expression of Interest From Z Capital Partners
LAS VEGAS, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Full House Resorts (Nasdaq: FLL) acknowledged the expression of interest made publicly this morning by Z Capital Partners. This is the first time that the Company has been made aware of Z Capital’s interest. Its Board of Directors intends to consider the expression of interest in due course.
The Company noted, however, that the expression of interest reflects a price that is significantly below recent and past trading of its stock and well below most expectations for the value of the company. The Company noted, for example, that a recent research report by Roth Capital Partners, taking into consideration the company’s recent developments and significant development opportunities, recommends the stock with a target price of $4.50 per share.
Forward-looking Statements
This press release may contain 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. 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. 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 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 can be viewed on its website at www.fullhouseresorts.com.
Contact: Lewis Fanger, Chief Financial Officer Full House Resorts, Inc. 702-221-7800
Released October 22, 2018