Full House Resorts Initiates Process For Sale Of Company

(RTTNews) - Full House Resorts Inc. (FLL), a developer and manager of gaming facilities throughout the country, announced that its board has authorized management to initiate a process for the sale of the Company.

After its evaluation of strategic alternatives, the Board of Directors has determined that pursuing a sale of the Company is the best course of action to maximize stockholder value and is accordingly in the best interest of all stockholders.

The company will continue to work with Macquarie Capital as its financial advisor and Latham & Watkins LLP as its legal advisor as it pursues the sale process.

The company noted that it welcomes the dissident stockholder group to participate in the sale process. However, the company does not believe that granting the dissident stockholder group effective control of the Company's Board of Directors without the payment of a control premium will maximize stockholder value. In the meantime, the Company encourages stockholders not to support the disruptive and expensive process to call a special meeting initiated by the dissident stockholders.