Northern Cheyenne Nation Signs LOI With Full House Resorts

LAS VEGAS, March 7 /PRNewswire-FirstCall/ — Full House Resorts, Inc. (BULLETIN BOARD: FHRI) (“Full House”) announced today that the Northern Cheyenne Nation (the Tribe) has signed a letter of intent to explore the possibility of entering into a management agreement with Full House. The Tribe currently owns and operates the Charging Horse Casino and Bingo Hall near its headquarters in Lame Deer, approximately 100 miles southeast of Billings, Montana. Charging Horse is the largest casino in Montana with 125 gaming devices, a 300 seat bingo hall and a restaurant. The Tribe is exploring the option of developing another casino on trust land in southeastern Montana.

Greg Violette, Chief Operating Officer of Full House, stated that, “I’m very impressed with the leadership of the Tribal Administration, Tribal Council and its EDA staff. They seem to be a cohesive, dynamic, action-oriented group with great vision. They have a very aggressive plan for economic development, which includes not only an expansion of gaming, but renewable energy production, a wind farm, sawmill/biomass project, hydrogen development, improved health care facilities, wireless communications, as well as education and training programs to support economic development. The Tribe has a great deal of land with an abundance of opportunity, and Full House is prepared to assist the tribe with the implementation of all phases of its economic development plan.”

Full House will conduct a market study to determine the best site and proper sizing of the gaming facility. The Northern Cheyenne’s preference is a site approximately 25 miles north of Sheridan, Wyoming at a recreational destination on the Tongue River. Assuming the two parties come to an agreement on the size and location of the gaming operation, they will then enter into definitive negotiations for a development and management agreement, which will be subject to the approval of the Tribal Gaming Commission and the Tribal Council, and ultimately subject to the approval of the National Indian Gaming Commission in accordance with federal law.

Eugene Little Coyote, President of the Northern Cheyenne Tribe, stated that, “We are confident that Full House is the right partner to assist the Tribe with the means by which it can begin to independently generate the capital resources that are needed to adequately finance our socio-economic development. If we can come to an agreement on the implementation plan and the terms of a management agreement, this could very well be the beginning of long term growth and prosperity for our Nation. The Tribe wants to ensure that its economic development is environmentally sound and culturally appropriate to preserve its beautiful homelands. This would set the stage for a long term profitable relationship between the Tribe and Full House, and would be the first actual steps towards achieving the socio-economic self sufficiency and independence that we are striving for.”

Andre Hilliou, Chief Executive Officer of Full House, stated that, “We have been working very hard to identify growth opportunities since we took over the management of Full House one year ago, and it is gratifying to now see the fruit of our efforts. We promised our Board that we would increase shareholder value, and with the three projects we recently announced, and possibly more on the horizon, we are now seeing the results.”

About Full House Resorts

Full House Resorts, Inc. develops and manages gaming facilities. The Company has a management agreement with the Nottawaseppi Huron Band of Potawatomi for the development and management of a first-class casino resort in the Battle Creek, Michigan area, which is presently under development. Full House also manages Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington, Delaware. Midway Slots and Simulcast has a total of approximately 1,400 gaming devices, a 450-seat buffet, a 50-seat diner and an entertainment lounge area. The Company was recently named developer and manager for the gaming development project of the Nambe Pueblo of New Mexico and by the Manuelito Chapter of Navajo Indians of New Mexico. Additionally, the Company is actively pursuing other Indian and non-Indian gaming development and management opportunities.

Forward-looking Statements

No assurances can be given that any agreement, development, project or venture mentioned or contemplated by this release will occur. Certain statements in this release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Act of 1995. These statements are subject to risks and uncertainties that may cause actual results or performance to be materially different from that expressed or implied in such statements.

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