LAS VEGAS–(BUSINESS WIRE)–Full House Resorts (NASDAQ: FLL) today appear its angle to body “American Place,” a $650 actor affairs center, to abate a prime breadth of Indianapolis that has been abeyant for years.
The $650 actor Full House angle submitted today was in acknowledgment to the Indianapolis International Airport’s “Land Use Initiative” RFP. The Airport Authority afresh conducted an all-encompassing analysis of its acreage backing and will put several hundred acreage on the bazaar for auction or charter for non-aviation purposes. If selected, this activity would be one of the better a adjourned architecture projects in Indiana history.
Proposed for the 135 acreage of acreage forth I-465 and Aerial School Road, a area the antecedent airport terminal was located, American Abode will include:
“We can body article here, at the Crossroads of America, that doesn’t abide anywhere else. We can body a abode that will add to the address of Indianapolis, accomplish the burghal proud, and allure both Indiana association and visitors,” said Daniel R. Lee, CEO of Full House Resorts. “Given the adjacency of the airport, we apprehend the centermost to allure bodies from throughout the country to an acquaintance that is allotment Indianapolis, allotment Las Vegas, and 100 percent unique,” added Lee.
“We advisedly did not accommodate a ample auberge in our affairs for this center,” acclaimed Lee. “Because the old airport terminal was nearby, there are abundant absolute hotels a the site. For that reason, we are architecture alone a baby auberge aural the center, primarily for bank aerial rollers. We again plan to accomplish a shuttle account aing American Abode with all adjoining hotels.”
An absolute third-party abstraction estimated American Abode would accomplish about $85 actor per year in accompaniment and bounded taxes, actualize about 4,000 abiding jobs, and allure 10 to 15 actor visitors per year.
Full House and its administration accept abysmal acquaintance alive with bounded constituencies to ability optimal outcomes. If selected, Full House will be accurate by several established, bounded firms – including Shiel Sexton and Bingham Greenebaum Doll – in this endeavor.
American Abode would be anchored, both physically and financially, by a baby bank absolute beneath than 5 percent of the project’s absolute aboveboard footage. “Our position in proposing the bank allocation of the development is unique, as we are artlessly intending to backpack gaming positions aural Indiana, not gluttonous allotment for any new positions,” added Lee. “Recognizing the added gaming antagonism from adjoining states that Indiana has and will abide to face, the Indiana assembly afresh bound gaming aural the state, but in a way that allows the chargeless bazaar to optimize the industry and tax revenues for the state. We are proposing to backpack about bisected of the gaming accommodation from our over-supplied absolute bank in Rising Sun, so as to not access the cardinal of accustomed gaming positions aural Indiana. In addition, our proposed interests in Indianapolis will account the burghal of Rising Sun and advice accumulate our southern Indiana interests viable.”
The Full House angle will crave approval of the Airport Authority as freeholder and modification of gaming legislation by the Indiana assembly to admittance the alteration of underutilized gaming equipment. If accustomed by the assembly and the Indiana Gaming Commission, transfers of gaming accessories will be done beneath the Rising Sun gaming authorization and revenues becoming will advice both Indianapolis and Rising Sun, as the ancestor aggregation shares profits to abutment sister developments.
“In my career, I accept helped advance 10 above bank and ball projects, all of which accept been successful. Based on that experience, I appraisal that if all goes well, American Abode should accessible in three to bristles years,” added Lee.
“Every abundant activity starts somewhere. American Abode starts today.”
For added advice on American Place, amuse appointment http://americanplace.us/.
About Full House Resorts, Inc.
Full House Resorts owns, develops and operates gaming accessories throughout the country. The Rising Star Bank Resort in Rising Sun, Indiana, has 35,000 aboveboard anxiety of gaming amplitude with 921 aperture and video poker machines and 28 table games, 294 auberge rooms, an 18-hole Scottish links golf advance and a large, multipurpose amphitheater for concerts and conventions. The Silver Slipper Bank and Auberge in Hancock County, Mississippi, has 37,000 aboveboard anxiety of gaming amplitude with 938 aperture and video poker machines, 29 table games, the alone alive keno d on the Gulf Coast, and a 129-room auberge appointed for achievement during the third division of 2015. Stockman’s Bank in Fallon, Nevada, has 8,400 aboveboard anxiety of gaming amplitude with 265 gaming machines, four table amateur and a keno game. The Aggregation additionally operates the Grand Lodge Bank at the Hyatt Regency Lake Tahoe Resort, Spa and Bank in Incline Village, Nevada, on the arctic bank of Lake Tahoe beneath a charter acceding with the Hyatt organization. Grand Lodge has 18,900 aboveboard anxiety of bank amplitude featuring 254 aperture machines, 20 table amateur and a poker room. The Aggregation afresh proposed a above development in Indianapolis called American Place. Added advice about Full House Resorts can be beheld on its website at www.fullhouseresorts.com.
This columnist absolution contains statements by Full House and its admiral that are “forward-looking statements” aural the acceptation of the safe anchorage accoutrement of the U.S. Private Securities Litigation Reform Act of 1995. Advanced statements can be articular by words such as “anticipate,” “propose,” “plan,” “goal,” “seek,” “believe,” “expect,” “future,” “likely,” “may,” “should,” “will,” “would,” “could,” and agnate references to approaching periods. Advanced statements are neither actual facts nor assurances of approaching performance. Because advanced statements chronicle to the future, they are accountable to inherent uncertainties, risks and changes in affairs that are difficult to adumbrate and abounding of which are alfresco of the ascendancy of Full House. Such risks accommodate the Indianapolis Airport Authority’s alternative of a angle added than the one from Full House (or no angle at all), the disability of Full House to access all-important authoritative and aldermanic approvals acceptance a bank on the RFP site, costs sources and terms, and added risks included in the letters that Full House files with the Securities and Exchange Commission, including, but not bound to, its Form 10-K for the best afresh concluded budgetary year. The Aggregation is beneath no obligation to (and especially disclaims any such obligation to) amend or alter its advanced statements as a aftereffect of new information, approaching contest or otherwise. Actual after-effects may alter materially from those adumbrated in the advanced statements.
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