SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 20, 2008
FULL HOUSE RESORTS, INC.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other
jurisdiction of
incorporation)
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1-32583
(Commission File Number)
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13-3391527
(I.R.S. Employer
Identification No.) |
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4670 S. Fort Apache Road, Suite 190
Las Vegas, Nevada
(Address of principal executive offices)
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89147
(Zip Code) |
Registrant’s telephone number, including area code: 702-221-7800
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
TABLE OF CONTENTS
SECTION 2 — Financial Information
Item 2.01 Completion of Acquisition or Disposition of Assets.
As previously reported, on October 1, 2007, Stockman’s Casino, Inc. (“Stockman’s”), a wholly
owned subsidiary of Full House Resorts, Inc. (“Full House”), entered into a definitive Agreement of
Sale and Purchase (the “Agreement”) with Dhillon Hospitality Management, Inc. (the “Buyer”). Under
the terms of the Agreement, the Buyer agreed to purchase from Stockman’s the real property,
building, improvements and personal property comprising the hotel operations generally known as the
Holiday Inn Express located in Fallon, Nevada for a purchase price of $7.2 million. On February
20, 2008 the transaction contemplated by the Agreement was completed.
At closing, Full House received a net of approximately $6.9 million in after tax proceeds
which it intends to use to reduce debt. In addition, both parties executed and delivered to each
other a Joint Marketing Agreement in the form attached to the Agreement.
The foregoing summary of the Agreement does not purport to be complete and is subject to, and
qualified in its entirety by, the full text of the Agreement which was filed as Exhibit 10.1 to the
Current Report on Form 8-K filed on October 5, 2007 and is incorporated herein by reference. A
copy of the February 21, 2008 press release announcing the completion of the transaction is
attached hereto as Exhibit 99.1.
SECTION 9 — Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
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99.1 |
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Press Release issued on February 21, 2008. |
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