Full House Announces New Management Team

Full House Resorts, Inc. is pleased to announce the
following executive appointments, effective as of March 1, 2004:
  J. Michael Paulson as Chairman of the Board   /  Andre M. Hilliou as Chief Executive Officer   /  Greg Violette as Chief Financial Officer   /  Barth F. Aaron as General CounselAt the recent annual shareholders’ meeting held last month, J. Michael
Paulson was elected to the Board of Directors and Lee Iacocca and William
McComas were reelected to the Board. At the Directors’ meeting which
followed, Mr. Paulson, the largest shareholder through personal holdings
and holdings as a trustee, was elected Chairman of the Board.

Commenting on the appointments, Mr. Paulson said “I am most pleased to add
these experienced gaming executives to our management staff. Their vision
should add much needed emphasis on shareholder return.” Mr. Hilliou stated
that he is “proud to be able to add our sense of fiscal responsibility and
ideas for additional projects and ventures to this company.”

Andre Hilliou has been a senior executive in the gaming industry for 25
years. He worked at the Golden Nugget in Atlantic City, then operated the
Showboat Hotel and Casino in Atlantic City as Senior Vice President of
Operations. He was appointed Chief Executive Officer of the Sydney Harbour
Casino in Australia, a billion dollar publicly traded company managed by
Showboat, Inc. of Las Vegas, Nevada. Mr. Hilliou has recently been
involved in the successful turn around and reorganization of various
gaming companies.

Greg Violette brings vast experience as a financial officer in several
different gaming environments. He has opened and operated a number of
Native American casinos as well as privately owned casinos in Colorado and
Washington. Prior to his experience in the gaming field, Mr. Violette
served as a financial executive in the travel industry for a total of ten
years with the Hertz Corporation and Northwest Airlines.

Barth F. Aaron is an experienced gaming attorney, admitted to practice law
in Nevada, New Jersey and New York. Mr. Aaron has served as a Deputy
Attorney General in the New Jersey Division of Gaming Enforcement, as
General Counsel for several gaming companies including Aristocrat, Inc.,
the U.S. subsidiary of Australia’s largest slot machine manufacturer, and
as Corporate Director of Compliance and Risk Management for Penn National
Gaming, Inc. 


Full House Resorts, Inc. develops and manages gaming facilities. Full
House Resorts manages Midway Slots and Simulcast at the Delaware State
Fairgrounds in Harrrington, Delaware. Midway Slots and Simulcast has a
total of approximately 1,400 gaming devices, a 450-seat buffet, a 50-seat
diner and an entertainment lounge area. Full House Resorts is also
involved in the development of a tribal project in Battle Creek, Michigan.