This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Full House Resorts Addresses Pojoaque Tribal Court Decision

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs