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Full House Resorts reports favorable ruling

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Full House Resorts (AMEX: FLL - News) announced today that the Michigan Supreme Court has once again upheld the validity of the Tribal-State Gaming Compact entered into with the Nottawaseppi Huron Band of Potawatomi and three other tribes. In its decision, released on May 30, 2007, five of the seven Justices upheld the argument presented by the Tribe and Full House's subsidiary, Gaming Entertainment (Michigan) LLC, ("GEM") that the plaintiff, Taxpayers of Michigan Against Casinos (TOMAC), could not present its arguments against the validity of the Compact for the first time on remand to the state Court of Appeals. The Court of Appeals had previously dismissed TOMAC's arguments and the state Supreme Court upheld that decision.

GEM, jointly owned with RAM Entertainment, LLC, a privately held company, has a management agreement with the Tribe, subject to approval by the National Indian Gaming Commission, to develop and manage the Firekeepers Casino on land recently taken into trust for the benefit of the Tribe in the Battle Creek area. The Tribe has engaged Merrill Lynch to obtain project financing of up to $275 million for this world-class facility. Plans for the casino include 2,500 slot machines, 90 table games, 20 poker tables and related amenities including fine dining, buffet and fast food outlets. Plans also call for a 2,000 vehicle parking structure for the convenience of the casino patrons.

With final governmental approvals expected this summer, the project is on course to commence construction later this year with an opening in 2008.

Andre M. Hilliou, Chief Executive Officer of Full House Resorts, said, "We hope now once and for all these anti-gaming groups have seen that gaming is a legitimate business and in the case of Indian gaming, a highly successful means of funding tribal self-determination and self-sufficiency. We can now turn to the real work at hand and provide jobs and benefits for the people of southern Michigan."

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