Exhibit 99.1
FULL HOUSE RESORTS EXTENDS CLOSING DATE FOR HOLIDAY INN EXPRESS
Las Vegas — (Business Wire) — December 17, 2007 — Full House Resorts (AMEX: FLL) today
announced that it has extended the closing date for the previously announced sale of the Holiday
Inn Express in Fallon, Nevada to not later than February 11, 2008. The request by the buyer for an
extension was caused by a delay in securing a financing commitment, which has since been obtained.
In return for Full House granting the extension, the buyer has placed $125,000 in a non-refundable
escrow account in addition to the original $75,000 non-refundable deposit. No other changes were
made to the original purchase agreement.
Upon the closing of the sale, the company expects to net approximately $6.8 million in after
tax proceeds which it intends to use to reduce debt.
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 260 gaming machines, four 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. The Company has entered
into a contract to sell the Holiday Inn Express, which is expected to close in early 2008. Full
House also receives a guaranteed fee from the operation of Harrington Raceway and Casino, formerly
Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington, Delaware. Harrington
Slots recently opened an expansion and is remodeling its original building which will result in a
total of 2,000 gaming devices, a buffet, gourmet Steak House, 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 in development. In addition, Full House has a Gaming Management Agreement with the
Nambé 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.
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.
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For further information, contact:
Mark Miller, Chief Financial Officer
Full House Resorts, Inc.
702-221-7800
www.fullhouseresorts.com
Or
William R. Schmitt
Integrated Corporate Relations
203-682-8200
investors@fullhouseresorts.com