Full House Resorts Announces Completion of Last Installment of Structural Iron for FireKeepers Casino
LAS VEGAS--(BUSINESS WIRE)--
Full House Resorts (AMEX: FLL) announced today that the final piece of structural iron has been installed on top of the FireKeepers Casino. The installation was marked by a "topping off" ceremony on Friday where construction workers and tribal members of the Nottawaseppi Huron Band of Potawatomi Indians signed and decorated the final beam.
"We are very pleased with the progress of construction," said Full House Chief Executive Officer Andre Hilliou. "Everything thus far has been on schedule and we offer our congratulations to the entire team on completing this important milestone as we prepare for an opening next summer."
FireKeepers Casino is a new development at Exit 104 of Interstate 94 in Battle Creek, Michigan, with a planned grand 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. Gaming Entertainment Michigan LLC (GEM), a 50% joint venture with RAM Entertainment, LLC, is coordinating development of the FireKeepers Casino and will manage the casino operation after its opening for a seven-year period and will receive a 26% management fee.
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. 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, it's 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 September 23, 2008