The Company�s joint venture revenues increased slightly as a result of improved performance at both Midway Slots Simulcast and The Mill Casino, the company�s joint ventures in Delaware and Oregon, respectively. Joint venture pre-opening costs reflect the increased activity to assist the Huron Potawatomi Tribe in Battle Creek, Michigan, and the Torres Martinez Tribe in Thermal, California as they move forward in their pursuit of developing gaming enterprises.

The Mill Casino Hotel 115 Rooms  3201 Tremont Avenue, North Bend, Oregon 97459

L.S. Capital Litigation

The Company also announced today the complete dismissal of litigation filed against it by Lone Star Casino Corporation (now LS Capital Corporation).  That litigation was dismissed earlier by the trial court upon defendants� motion for summary judgment, and the Court of Appeals for the State of Mississippi affirmed summary judgment against Lone Star in fourteen of the sixteen counts it filed.  The appellate court remanded the two remaining claims for additional proceedings in April, 1998.

After Lone Star failed to proceed in court on the claims for over 18 months, the trial court dismissed them with prejudice.

William P. McComas, Chief Executive Officer of the Company, stated, �I have always been confident that we would prevail in this lawsuit. The Lone Star matter did not involve, and should have had no impact upon our efforts to develop a Hard Rock Hotel Casino in Biloxi, Mississippi, but it sometimes created confusion until it was explained. We�re glad to have it behind us.�

Business Update

As previously announced, the Company and Hard Rock Cafe International modified certain agreements concerning the proposed Hard Rock Casino in Biloxi, MS.  The Company has paid the required $2,000,000 territory fee.  During 1999, the project received permits for the proposed development from the Department of Marine Resources and the Army Corps of Engineers.  The Company is actively seeking a joint venture partner to assist in management and financing.

Midway Slots Simulcast, the Company�s Delaware venture with Dreamport, Inc., a subsidiary of GTECH Corporation, expects to open the expansion of its facility in late May. The expansion increases the number of games from 740 to approximately 1,140, increases the capacity and selection of its food offerings, and adds a lounge / entertainment area to the operation.

The Company and Dreamport, Inc., its joint venture partner in Michigan, have identified and optioned a suitable gaming site for the Huron Potawatomi Tribe in Battle Creek. In December, the parties submitted the management contracts, business plan, and licensing applications to the National Indian Gaming Commission. Also in December,
Fee to Trust applications for the initial tribal lands and the gaming land were submitted to the Bureau of Indian Affairs.

Although the validity of the compact executed by this and other Michigan tribes is currently being challenged in state court, we continue to move forward with the regulatory filing and approval process, preliminary design work, and local community liaison efforts.

Last month, California voters approved Proposition 1A, an amendment to their state constitution which authorizes Indian gaming under a compact entered into between the governor and other California tribes. That compact has already been approved by the state legislature. The Torres Martinez are in the process of executing a similar compact with the governor, and are taking the steps necessary under federal law to commence Class III gaming. Their Tribal Gaming Ordinance has already been approved by the National Indian Gaming Commission. The Company and Dreamport, Inc. are working with the Torres Martinez to determine the most effective avenue for the tribe to pursue in exercising its newly-clarified gaming rights.

Full House Resorts, Inc. is a developer of destination resorts and entertainment, gaming and commercial centers. The Company is currently involved with profitable casino developments with the Coquille Indian Tribe in North Bend, Oregon, and with the Delaware State Fair Board at Harrington Raceway in Delaware. Full House has executed gaming management contracts with an Indian tribe near Battle Creek, Michigan, and with another tribe in Southern California. These developments are joint venture projects with Dreamport, Inc., the gaming and entertainment subsidiary of GTECH Corporation.