Full House Resorts Tribal Partner Blesses Its Land
LAS VEGAS, March 26 /PRNewswire-FirstCall/ -- This past Saturday, Full House Resorts' (Amex: FLL) tribal partner, the Nottawaseppi Huron Band of Potawatomi, conducted traditional and spiritual ceremonies to bless the land on which its FireKeepers Casino is being developed. The 79-acre site located at 11 Mile Road Exit on Interstate 94 in Emmett Township, Michigan was deeded to the United States in trust for the tribe in December, following years of litigation. In September, the Bureau of Indian Affairs issued an Environmental Impact Statement and Record of Decision which confirmed previous environmental studies and what the Tribe believed all along, that the project would cause no significant impact on the environment. The Tribe negotiated a settlement of long-standing litigation which dismissed all environmental claims and allowed the land to be taken into trust leading to this ceremonial day. Now the Tribe and Full House Resorts are moving expeditiously to complete the facility design and coordinate financing so that construction can finally begin.
The blessing celebration included a sunrise ceremony around the fire, a drum group, pipe and tribal sacred medicines -- historically integral parts of Tribal culture -- as well as special remarks, sharing of memories and a feast.
Tribal Chairperson Laura W. Spurr said, "Our blessing ceremony is a reminder of our traditional ways of caring for Mother Earth. The Potawatomi people have always had a deep reverence for the land. We will be honoring the Creator in a traditional way and also honoring our past and future generations. This land represents the future of the Tribe. The future casino represents a significant step toward economic development for the Tribe to help finance the tribal government's expenditures in health care, housing, education, social needs and administration as well as sustain a viable future for generations to come."
Through a subsidiary, Full House has executed a management agreement with the Tribe for the development and management of a first-class casino/resort on this 79-acre site. The planned facility will consist of over 2,000 state of the art slot machines, 44 table games, and several food and beverage outlets. On behalf of the tribe, Full House is planning a development which will rival the best available in the area and offer competitive services and amenities.
Andre M. Hilliou, Chief Executive Officer of Full House Resorts said, "We are honored to be able to work with this tribe, which has been so patient in its quest for self-sufficiency and self-determination. The blessing ceremony is only symbolic of the respect these people have for our environment. It is ironic that it took years of litigation for outsiders to understand this fundamental fact. We look forward to the opening of a first-class facility on behalf of this Indian community."
About Full House Resorts, Inc.
Full House owns, develops and manages gaming facilities. Full House owns the Stockman's Casino and Holiday Inn Express in Fallon, Nevada which has 8,400 square feet of gaming space with approximately 280 gaming machines, 4 table games and a keno game. The casino has a bar, a fine dining restaurant and a coffee shop. The Holiday Inn Express has 98 guest rooms, indoor and outdoor swimming pools, a sauna, fitness club, meeting room and business center. Full House also manages Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington, Delaware, along with the owner of the adjacent racetrack. Midway Slots and Simulcast has a total of over 1,500 gaming devices, a 350-seat buffet, a 50-seat diner, gourmet Steak House and an entertainment lounge. Midway is in the process of a $40 million remodeling and expansion, scheduled to open in the summer of 2007. 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 more than 2,000 gaming devices in the Battle Creek, Michigan area, which is currently in development. In addition, Full House has a Gaming Management Agreement with the Nambe Pueblo of New Mexico for the development of a coordinated entertainment venue centered on a 50,000 square foot casino and 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.
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
Released March 26, 2007