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October 18, 2011
08:05 EDTFLLFull House Resorts to take Q3 non-gash goodwill impairment charge of $4.5M
Full House Resorts announced it expects to take a third quarter 2011 non-cash goodwill impairment charge of approximately $4.5M, or $2.7M on an after-tax basis, related to its Stockmanís Casino. The charge is being recognized due to a decline of operating results at Stockmanís resulting from the weak economic conditions in Northern Nevada and slower than expected improvement from changes made in marketing programs. In addition, the Company expects to record a valuation charge against its remaining tribal receivables in the amount of $420,000, or $257,000 on an after-tax basis, as a result of slower than expected progress by the Nambe Pueblo in securing financing for their proposed casino facility amid a weak credit environment.
News For FLL From The Last 14 Days
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October 22, 2014
16:27 EDTFLLFull House Resorts reiterates commitment to New York projects
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07:05 EDTFLLFull House Resorts board announces initiation of sale process
Full House Resorts announced that the companyís Board of Directors 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 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 companyís 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.
October 20, 2014
08:33 EDTFLLAllen Paulson Living Trust releases open letter to Full House Resorts board
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October 13, 2014
07:02 EDTFLLFull House says has been evaluating strategic alternatives for several months
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07:01 EDTFLLFull House says proposals by dissident investors 'inappropriate,' 'disruptive'
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