The Company will receive a base consulting fee of $100,000 per month plus a success fee based on achieving certain financial targets. The Company’s consulting and related agreements will be submitted to the National Indian Gaming Commission (NIGC) and remain conditioned on their approval.
“We are excited for this opportunity to work with the Pueblo of Pojoaque to help them improve the operations of their great gaming assets. We expect to begin work with them as soon as we receive approval from the NIGC, which is expected within the next 30 days. We believe there is a tremendous opportunity to improve the performance of these high-quality facilities and assist an already strong team. Wes Elam will be assigned to the project as the Chief Executive Officer of the gaming operation.” said Andre Hilliou, Chief Executive Officer of Full House Resorts.
Full House operates several casino properties in four states, and owns the Grand Victoria Casino and Resort in Rising Sun, Indiana and the Stockman’s Casino in Fallon, Nevada which has 8,400 square feet of gaming space with approximately 260 gaming machines, four table games and a keno game. The company also entered a management agreement with the Nottawaseppi Huron Band of Potawatomi Indians for FireKeepers Casino in Battle Creek, Michigan with approximately 2,700 slot and video poker machines, 78 table games and a 120-seat poker room. The FireKeepers Development Authority recently announced the development of a 242-room resort complete with a special events center, a full service restaurant and an expanded bingo facility.