Exhibit 99.1
For Immediate Release
FULL HOUSE RESORTS UPDATES STATUS OF NAMBÉ PUEBLO CASINO DEVELOPMENT PROJECT
Las Vegas (Business Wire) March 19, 2008 Full House Resorts (AMEX: FLL) today announced
that it is no longer pursuing the development or management of a casino resort with the Nambé
Pueblo of New Mexico. Since 2005, the Company has been working with the Pueblo and its Gaming
Enterprise Board to develop a casino on tribal lands. The project was originally conceived as an
economic development, including a casino and hotel, as well as other retail and commercial
operations. Over the last several years, changes in the tribal leadership, the expansion of the
nearby Buffalo Thunder Casino Resort as well as current market conditions led to a downsizing of
the project and the ultimate decision by the Pueblo leadership to pursue alternative plans with a
non-gaming developer to develop a travel center with a small slot parlor component attached.
Pursuant to the terms of the Development Agreement, the Pueblo has recognized the obligation
to reimburse all of the Companys development advances for the project. Full House currently has
advanced approximately $655,000 for the development of the project, all of which is expected to be
reimbursed by the Pueblo on yet to be negotiated terms. In addition, the Company will negotiate
payment from the Pueblo or its new developer for the value of the exclusive gaming rights granted
to the Company by the Pueblo. However, the Company expects to recognize an impairment loss of
approximately $200,000 as of December 31, 2007 on the development contract rights pending a
resolution with the Pueblo.
About Full House Resorts, Inc.
Full House owns, develops and manages gaming facilities. Full House owns the Stockmans 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, formerly Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington,
Delaware. Harrington Raceway and Casino 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 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 Houses current expectations and projections about future events and
generally relate to Full Houses plans, objectives and expectations for Full Houses business.
Although Full Houses 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 Houses
financial condition and results of operations is included in the reports
5
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 Houses 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 Houses 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.
# # #
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
6