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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.
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July 21, 2014
06:00 EDTFLLFull House Resorts announces amendment of credit agreements
Full House Resorts announced that the company has amended its first lien and second lien credit facilities to modify certain covenants through the maturity date of each facility. Full House Resorts will pay one-time fees aggregating $231,000 to the lenders. In addition, the second lien facility will receive an upward adjustment of one percent on its interest rate through maturity. Over the next nine months, the Company plans to borrow on their previously approved $10M loan, available through the first lien agreement for the Silver Slipper hotel which is currently under construction and is expected to open late 2014 or early 2015.

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