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Rising Star Casino Resort to temporarily close15 March 2020(PRESS RELEASE) -- Full House Resorts, Inc. announced today that, pursuant to an order from the Indiana Gaming Commission, it will temporarily suspend operations at its Rising Star Casino Resort on 16 March 2020 for a period of at least two weeks. The Company has also temporarily paused construction of its new parking garage at Bronco Billy’s Casino - Cripple Creek, Colorado, which is still early in the construction phase. “These are challenging times. Our primary concern has always been the health and well-being of our guests and employees,” said Daniel R. Lee, President and Chief Executive Officer of Full House Resorts. “We know of no instances of COVID-19 at any of our resorts. However, we understand the magnitude of this public health emergency and the necessity to take certain actions. We look forward to welcoming back all of our guests and employees as soon as possible.” Continued Mr. Lee, “As of 31 December 2019, the Company had $29.9 million in cash and equivalents. Approximately $15 million of this amount was designated for construction of the parking garage and approximately $10 million is used in daily operations. In these uncertain times, the Company chose to pause construction of its parking garage out of an abundance of caution. We intend to resume construction if and when conditions warrant." |