Full House Resorts, Inc. Announces Issuance of Notice to Take Land Into Trust for Huron Potawatomi Casino Site

Press Release: Full House Resorts, Inc.
August 13, 2002
LAS VEGAS, NV -- Full House Resorts, Inc. (OTC Bulletin Board: FHRI; the "Company") announced yesterday that the Bureau of Indian Affairs ("BIA") has made a final agency determination to acquire land into trust regarding the Nottawaseppi Huron Band of Potawatomi Indians' (the "Tribe's") potential casino site located near Battle Creek, Michigan.

William P. McComas, the Company's Chief Executive Officer, said "We congratulate the Tribe on reaching this significant milestone towards economic self-sufficiency, and look forward to breaking ground on construction of their casino as soon as all federal approvals are obtained. We anticipate receiving final approval for the trust acquisition following the 30-day waiting period, which commenced when the Notice of Intent was published in the Federal Register." The Company has agreements with the Tribe to develop and manage the project.

In December, 1999, the Huron Potawatomi filed their application to have the casino site, as well as their nearby state reservation and tribal housing lands, taken into federal trust by the BIA. Since then, the BIA has conducted exhaustive environmental, developmental and public comment reviews, resulting in the agency determination.

A lawsuit filed in state court by TOMAC (Taxpayers of Michigan Against Casinos), challenging compacts for four Michigan tribes, including the Huron Potawatomi, is set for oral argument before the Michigan Court of Appeals on August 13, 2002.

No assurances can be given that any of the possible transactions mentioned will occur. Certain statements in this news 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 than that expressed or implied in such statements. These risks include, but are not limited to, access to capital, regulatory approvals, and competitive environments.

SOURCE: Full House Resorts, Inc.