Full House Resorts, Inc

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International Guild of Hospitality & Restaurant Managers

Full House Resorts, Inc. (OTC BB:FHRI.OB)

Las Vegas, NV 89102

Phone: (702) 221-7800

Employees (last reported count): 4

Full House Resorts, Inc., incorporated in January 1987, develops and operates destination resorts and entertainment, gaming and commercial centers. The Company operates Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington, Delaware. Midway Slots and Simulcast has a total of approximately 1,140 gaming devices, a 450-seat buffet, a 50-seat diner and an entertainment lounge area. The Company also operates the Mill Casino, which, as of December 31, 2001, had approximately 350 video lottery terminals, 10 blackjack tables, nine poker tables, a restaurant and buffet, a saloon, a bingo hall, a gift shop and a snack bar. The Mill Casino is located on Tribal Trust Lands of the Coquille Indian Tribe in North Bend, Oregon. The Company is also involved in the development of projects in Battle Creek, Michigan, and Southern California.

In April 1995, the Company entered into a series of agreements with GTECH Corporation, a wholly owned subsidiary of GTECH Holdings Corporation, a supplier of computerized online lottery systems and services for government-authorized lotteries, to jointly pursue gaming opportunities. Excluded from these agreements was the Deadwood Gulch Resort, which the Company then owned. Pursuant to the agreements, joint venture companies equally owned by Dreamport, Inc., the gaming and entertainment subsidiary of GTECH, and Full House were formed. The Company contributed its rights to the North Bend facility and its rights to develop the Torres Martinez, Nottawaseppi Huron Band of Potawatomi and Delaware State Fair projects to the joint venture companies.

Midway Slots and Simulcast---Harrington, Delaware

The Company opened Midway Slots and Simulcast, owned by Harrington Raceway, Inc., on August 20, 1996. The original 35,000-square-foot facility near Dover, Delaware, was developed, financed and is managed by a Full House-Dreamport joint venture company. The joint venture provided financing, developed the project and acts as manager of the gaming facility under a 15-year contract. The facility opened with 500 gaming devices, a simulcast parlor and a small buffet.

During 1998, the 150-seat simulcast parlor was moved to the Harrington Raceway Grandstand, the food and beverage operation in the Grandstand was improved and expanded and additional gaming devices were added to the facility bringing the total to 742. In May 2000, the facility was expanded by an additional 35,000 square feet, and the food service offerings were expanded to include a 450-seat buffet and a 50-seat diner and an entertainment lounge area. The facility can accommodate an additional 400 gaming devices.

The Mill Casino

The first phase of the facility known as the Mill opened on May 19, 1995, with 250 video lottery terminals, nine blackjack tables, three poker tables, a restaurant and buffet, a saloon, a bingo hall, a gift shop and a snack bar on Tribal Trust Lands of the Coquille Indian Tribe in North Bend, Oregon. As of December 31, 2001, there were approximately 350 video lottery terminals, 10 blackjack tables and nine poker tables. The Company bought 100% ownership in this agreement in March 2001.

Full House leases approximately 12.5 acres of Tribal Trust Lands from an entity owned by the Coquille Indian Tribe on which the Mill is located. The Company, in turn, subleases a portion of the land on which the casino is located back to the Tribe. The sublease expires in August 2002. If the sublease is not renewed the master lease will expire. The Tribe is not expected to renew this lease.

The Company bought a one-acre parcel of land on the gulf coast in Biloxi, Mississippi, in February 1998, with the intent of developing a themed casino resort. The Company later negotiated to buy and/or lease approximately six additional acres, which, together with the parcel already acquired, would constitute the project site.

Disclaimer:
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.

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