No Merger for Full House and Morongo
Full House Resorts, Inc. (BULLETIN BOARD: FHRI) announced today that it
has been advised by the Morongo Band of Mission Indians that its general
membership failed to approve the proposed merger between Full House
Resorts and a subsidiary of the Morongo Band and therefore the proposed
merger will not proceed. As previously indicated, completion of the merger
was subject to obtaining this approval. The Tribe placed the question of
approval of the transaction on a ballot conducted among all of the voting
members of the Morongo Band, in accordance with the Morongo Band`s custom
and tradition of governance.
Forward Looking Statements -
Certain matters discussed in this press release constitute forward-looking
statements within the meaning of the federal securities laws. Although
Full House Resorts believes that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, it can
give no assurance that its expectations will be achieved. Factors that
could cause actual results to differ materially from current expectations
include: general market and economic conditions; changes in Federal,
state, and local laws and regulations, including environmental and gaming
license legislation and regulations; and other risks, which are described
in Full House Resorts` Form 10-KSB, which is on file with the Securities
and Exchange Commission.
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