In light of the publicity circulating related to the Tribal Court decision in the matter of Randall Fine and Fine Consulting Inc., Full House Resorts (NYSE Amex US: FLL) is issuing its understanding and interpretation of the relationship with the Pueblo of Pojoaque, Buffalo Thunder, Inc. and Pojoaque Gaming, Inc.
Full House Resorts has a management contract with Buffalo Thunder, Inc. and Pojoaque Gaming, Inc. (the “Gaming Entities”), approved by the National Indian Gaming Commission, to operate the Pueblo’s gaming facilities, Buffalo Thunder Casino, Cities of Gold Casino and Cities of Gold Sports Bar.
“We are quite happy to have Full House Resorts managing our casinos,” said George Rivera, Governor of the Pueblo. “Their expertise and professionalism is apparent.”
Based on legal advice, Full House’s position is that none of the Gaming Entities are parties to the gaming license revocation appeal brought by Fine. The management contract is not a subject of that appeal. The decision on appeal merely addressed the propriety of the Gaming Commission revocation of Fine’s gaming license. Fine has not made any claim against the Gaming Entities or Full House Resorts. There is no lawsuit to enforce Fine’s consulting contract, nor, in the opinion of counsel, could there be as there is no waiver of the sovereign immunity enjoyed by the Pueblo and its business entities.It is the opinion of Full House Resorts that nothing in the recent Tribal Court decision, which is the only judicial claim pending, interferes with or impacts Full House’s management contract or relationship with the Pueblo, Buffalo Thunder or Cities of Gold. About Full House Resorts, Inc. Full House owns, develops and manages gaming facilities. The Company owns the Rising Star Casino Resort in Rising Sun, Indiana. The Rising Star Riverboat Casino has 40,000 square feet of gaming space with almost 1,300 slot and video poker machines and 37 table games. The property includes a 201-room hotel, a pavilion with five food and beverage outlets an 18-hole Scottish links golf course and a large, multi-purpose Grand Theater for concerts and performance events as well as meetings and conventions. In addition, Full House owns 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 Company has also commenced a five-year lease agreement for the Grand Lodge Casino at Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada on the north shore of Lake Tahoe, as well as acquiring the operating assets and certain liabilities related to the Grand Lodge Casino.
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