Full House Resorts unveils “American Place”, its proposal


LAS VEGAS, September 23, 2021 (GLOBE NEWSWIRE) – Full House Resorts (NASDAQ: FLL) has submitted a proposal to the Indiana Gaming Commission (“IGC”) to develop and operate a new hotel and casino in Terre Haute, Indiana. The proposal followed an application process launched by the IGC on June 24, 2021 for a new casino in Vigo County, Indiana, with yesterday as the deadline for submitting applications. Terre Haute is the capital of Vigo County.

The company’s proposal – a $ 250 million gaming and entertainment destination named American Place – would be developed on 32 acres of land it currently holds under contract. The site is highly visible from Interstate 70 and close to the I-70 / SR 46 interchange. The site is approximately one hour west of Indianapolis and less than 100 miles from Champaign-Urbana and Decatur , Illinois, as well as Lafayette, Indiana.

The design offered by Full House is unique in several ways. The hotel is elevated above an interior green landscape, in a shape resembling a “happy smile”. The majority of the rooms are located on the upper floors and enjoy an extended view. At the top of the hotel is a pool deck and restaurant, overlooking the Wabash Valley. Along the nearby busy highway, Full House plans to build a large greenhouse, providing a lush indoor environment. Inside the greenhouse, the project would include two restaurants offering “al fresco” dining, even in winter, as well as venues for weddings and other group events. The world-class casino would be located between the hotel and the greenhouse and would offer approximately 1,000 slot machines, 50 table games and a state-of-the-art sports betting site. At the top of the casino, the Company planned a solar power farm, which would provide green and sustainable power for a portion of the complex’s electrical needs.

“After several years of studying Terre Haute and neighboring communities, we believe we have designed a unique destination that will make Indiana residents proud,” said Daniel R. Lee, President and CEO of Full House Resorts . “American Place was designed to be a world-class entertainment facility that will bring new jobs and income to Terre Haute, Vigo County and the State of Indiana.

“We have been licensed in good standing in Indiana for many years, where we own and operate the Rising Star Casino Resort and Golf Course at Rising Sun, which opened in 1996,” said Mr. Lee . “This project would allow us to leverage our experience and our database in Indiana, with cross-marketing opportunities with Rising Star. It will also provide career advancement opportunities within Indiana for our Rising Sun team members, while allowing us to form the new Terre Haute team with experienced game staff in Indiana. “

Alex J. Stolyar, Senior Vice President and Chief Development Officer, added Alex J. Stolyar: “Since we started exploring gaming opportunities five years ago, we have seen how the citizens of Terre Haute and Vigo County were eager to attract a world-class gaming destination. We are delighted to bring our groundbreaking development to the residents and community leaders who have so patiently awaited and supported us. “

About Full House Resorts, Inc.
Full House Resorts owns, develops and operates gaming facilities across the country. The Company’s properties include the 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 the Stockman Casino in Fallon, Nevada. Full House is currently building the Chamonix Casino Hotel and Spa, which will be adjacent to its Bronco Billy’s Casino in Cripple Creek, Colorado. The Company also operates the Grand Lodge Casino at the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada, under a rental agreement.

The directors of Full House Resorts have been involved in the development of many iconic and successful casinos including: Treasure Island, Bellagio and Park MGM in Las Vegas, Nevada; Beau Rivage in Biloxi, Mississippi; The Borgata in Atlantic City, New Jersey; L’Auberge and Golden Nugget casino hotels in Lake Charles, Louisiana; and the River City and Lumiere Place casino hotels in St. Louis, Missouri.

Further information on Full House Resorts can be found on its website at www.fullhouseresorts.com and on its Facebook page at www.facebook.com/FHResorts.

Forward-looking statements
This press release contains statements by Full House and our officers that are “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as: ‘anticipate’, ‘intend’, ‘plan’, ‘believe’, ‘plan’, ” ” ‘expect’ ‘,’ ” ‘,’, ‘,’ ‘,’ ‘,’ ‘,’, ‘,’,. Certain forward-looking statements contained in this press release include those regarding our expectations regarding the County of Vigo proposal, including its proposed budgeted and planned accommodations, our ability to obtain the casino license and, if we obtain such a license, to obtain a funding. 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 most of which are beyond Full House’s control. These risks include, but are not limited to, the potential for further negative impacts from the COVID-19 pandemic, including the emergence of variants, on our business, our construction projects, proposed casino projects, the indebtedness, financial condition and results of operations; potential actions taken by government officials at the federal, state or local level in connection with the COVID-19 pandemic, including, without limitation, additional closures, travel restrictions, social distancing measures or on-site accommodation orders; our ability to effectively manage and control spending due to the pandemic; construction risks, litigation and cost overruns; dependence on existing management; competetion; uncertainties about the development and success of our expansion projects; the financial performance of our finished projects and renovations; inflation and its potential impacts on labor costs and the prices of building and other materials; the effects of potential disruptions in the supply chains of goods, such as food, timber and other materials; general macroeconomic conditions; and regulatory and commercial conditions in the gaming industry (including the licensing or possible expansion of gaming in states where we operate or neighboring states). Additional information regarding potential factors that could affect our financial condition and results of operations is included in the Full House Filing Reports with the Securities and Exchange Commission, including, but not limited to, Part I, article 1A. Risk Factors and Part II, Section 7. Management’s discussion and analysis of the financial position and results of operations of our annual report on Form 10-K for the most recently completed financial year and of our other periodic reports filed with the Securities and Exchange Commission. We have no obligation (and expressly disclaim any obligation to) update or revise our forward-looking statements as a result of new information, future events or otherwise. Actual results may differ materially from those shown in forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

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