Full House Resorts Announces Reorganization of Senior Management
Appoints Deborah Pierce as New Chief Financial Officer; Mark Miller to Retain
Role of Chief Operating Officer
LAS VEGAS -- November 15, 2012
Full House Resorts (NYSE MKT: FLL) today announced the following changes to
its management structure to better support its recent acquisitions and
First, the Company is pleased to announce that Deborah Pierce will be joining
Full House Resorts in December as its new Chief Financial Officer. Ms. Pierce
has extensive experience in both public and private accounting arenas and most
recently served as Chief Financial Officer since 2005 for Hooters Casino Hotel
in Las Vegas. Prior to that, she served as a key finance executive in various
other casino operations, including Vice President of Finance for Ameristar
Casinos, Inc. and Vice President of Finance for Silverton Casino, LLC.
Second, the Company’s current Chief Operating Officer and Chief Financial
Officer Mark Miller will retain the title and responsibilities of Chief
Operating Officer. Due to the recent addition of the Silver Slipper Casino, as
well as the need to concentrate on organic growth initiatives, Mr. Miller will
now be able to focus fully on the execution of the Company’s operations.
Finally, with the consolidation of operating responsibilities, Wes Elam will
now be focused on the Company’s Western properties and will report to Mr.
Miller. Mr. Elam’s title has been changed to Senior Vice President of Western
Operations, and he will be responsible for the Company’s Northern Nevada
properties as well as the Company’s Buffalo Thunder management contract. In
conjunction with these changes, Mr. Elam’s existing employment agreement has
been terminated along with all associated obligations.
“As our organization has grown, there is a need from time to time to make
adjustments to ensure that we continue delivering excellence in our operations
as well as our future growth initiatives,” said Andre Hilliou, Chairman and
Chief Executive Officer of Full House Resorts. “The changes we have announced
today are not expected to substantially affect our corporate cost structure.
We are very excited to have Ms. Pierce joining our team and look forward to
working with her as we press forward.”
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 190-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. The Company also owns the Silver
Slipper Casino in Hancock County, Mississippi, which has 37,000 square feet of
gaming space with almost 1,000 slot and video poker machines, 26 table games,
a poker room and the only live Keno game on the Gulf Coast. The property
includes a fine dining restaurant, buffet, quick service restaurant and two
casino bars. 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 also operates the
Grand Lodge Casino at the Hyatt Regency Lake Tahoe Resort, Spa and Casino in
Incline Village, Nevada on the north shore of Lake Tahoe under a five-year
lease agreement with the Hyatt organization. The Company also has a management
agreement with the Pueblo of Pojoaque for the operations of the Buffalo
Thunder Casino and Resort in Santa Fe, New Mexico along with the Pueblo’s
Cities of Gold and Sports Bar casino facilities.
Further information about Full House Resorts can be viewed on its website at
Some of the statements made in this release are forward-looking statements.
These forward-looking statements are based upon Full House’s current
expectations and projections about future events and generally relate to Full
House’s plans, objectives and expectations for Full House’s business. Although
Full House’s 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, including the ability to maintain a gaming
license in Indiana, Nevada and Mississippi, financing sources and terms,
integration of acquisitions, competition and business conditions in the gaming
industry, including competition from Ohio casinos and any possible
authorization of gaming in Kentucky. Additional information concerning
potential factors that could affect Full House’s financial condition and
results of operations is included in the reports Full House files with the
Securities and Exchange Commission, including, but not limited to, its Form
10-K for the most recently ended fiscal year.
Full House Resorts, Inc.
Mark Miller, 702-221-7800
Chief Operating and Chief Financial Officer
Integrated Corporate Relations
William R. Schmitt, 203-682-8200
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