Full House Reports on Status of Northern Cheyenne Casino Project
LAS VEGAS, NV, March 2, 2006. Full House Resorts, Inc. ("Full House") is pleased to report that the Tribal Council of the Northern Cheyenne Tribe of Montana has signed a revised Gaming Management Agreement containing revisions which will expedite the approval by the National Indian Gaming Commission ("NIGC") as required by federal law. The Company is gratified with the cooperation from the Tribal Council. The Gaming Management Agreement will be submitted to the NIGC for its approval shortly. Full House anticipates approval of the Gaming Management Agreement in due course, which will clear the way to solidifying final funding for the project.
An Environmental Assessment, as required by the National Environmental Policy Act ("NEPA") as part of the process for the Bureau of Indian Affairs to approve the land for use for gaming, is already in draft form. While this process requires much detail, Full House expects the process to move smoothly with the opening of the casino within one year from the start of construction.
The site is located at the Tongue River Reservoir on land owned by the Tribe. Plans are for a 27,000 square foot facility including 250 slot machines, eight table games, a poker room, two food outlets, gift shop, and lounge. The area is a well-known recreation venue and the casino will be themed accordingly.
Andre M. Hilliou, Chief Executive Officer of Full House said, "I am quite pleased with the progress of this project and the cooperation we have received from the Tribe. As I have promised to our shareholders, we are moving forward with several projects to diversify our portfolio and secure a return on their investment."
Eugene Little Coyote, Tribal President, stated, "I am excited about the progress of this project. The guidance we are receiving from Full House and its staff is making opening day seem around the corner. While there is still much work to do before opening day, we are moving right ahead with this economic development so needed by our community."
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