891482--3/30/2009--FULL_HOUSE_RESORTS_INC

related topics
{regulation, change, law}
{debt, indebtedness, cash}
{competitive, industry, competition}
{condition, economic, financial}
{acquisition, growth, future}
{product, candidate, development}
{customer, product, revenue}
{personnel, key, retain}
{provision, law, control}
{control, financial, internal}
{stock, price, share}
{stock, price, operating}
{interest, director, officer}
We will need additional capital to fund development projects and pursue additional gaming opportunities We have limited recourse against tribal assets The Indian tribes have sovereign powers and we may be unable therefore to enforce remedies against them The waiver of sovereign immunity and jurisdiction provisions in our agreements may not be enforceable and thus we may be further limited in recourse with respect to Indian tribes and their assets We are dependent on our key employees and may not find suitable replacements if our key personnel are no longer available to us The gaming industry is subject to many risks, including adverse economic and political conditions and changes in the legislative and land use regulatory climate Our management agreements for gaming facilities are of limited duration We may be unable to successfully compete with other gaming activities We have pledged some of our assets as collateral Our current and future credit agreements impose restrictions on us which may prevent us from engaging in transactions that might benefit us, including responding to changing business and economic conditions or securing additional financing, if needed Naval Air Station Fallon is a significant part of the economy of Fallon, Nevada, the site of Stockman s Casino We will need to make substantial financial and manpower investments in order to assess our internal controls over financial reporting, and our internal controls over financial reporting may be found to be deficient Inability to obtain and maintain necessary approvals from various gaming regulators will limit our expansion and our operations The proposed site for the Northern Cheyenne Tribe project requires approvals before development on the land can begin Our management agreements with the various tribes are subject to governmental or regulatory modification The rate of taxation on gaming profits may not be predictable Our controlling stockholder has significant influence over management We have the right under our amended and restated charter to redeem our capital stock under certain circumstances There are trading risks for low priced stocks

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