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Full House Resorts Announces Receipt of Nevada Gaming License |
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Full House Resorts, Inc. (AMEX:FLL) today announced that it received final approval from the Nevada Gaming Commission to own and operate Stockman's Casino in Fallon, Nevada. Stockman's Casino has approximately 8,400 square feet of gaming space with 274 slot machines, 4 table games and keno. |
There is a fine dining restaurant and coffee shop. In addition, the Company will acquire the Holiday Inn Express adjacent to the casino, which has 98 guest rooms, indoor and outdoor pools, sauna, fitness center and meeting rooms. The Company also received approval from the Intercontinental Hotel Group to transfer the Holiday Inn franchise and expects to close on the transaction before month-end.
Andre M. Hilliou, CEO of Full House Resorts, said, "the approval from the Nevada Gaming Commission and Gaming Control Board is a reaffirmation of the integrity and soundness of our directors and management team. It provides us the opportunity to expand into a long-term aspect of our business plan which is not limited by the length of a management contract. We expect Stockman's to provide a solid foundation for our continued expansion in local casino markets."
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