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<SEC-DOCUMENT>0000950137-07-008461.txt : 20070605
<SEC-HEADER>0000950137-07-008461.hdr.sgml : 20070605
<ACCEPTANCE-DATETIME>20070605170248
ACCESSION NUMBER:		0000950137-07-008461
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20070531
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070605
DATE AS OF CHANGE:		20070605

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FULL HOUSE RESORTS INC
		CENTRAL INDEX KEY:			0000891482
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				133391527
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32583
		FILM NUMBER:		07901707

	BUSINESS ADDRESS:	
		STREET 1:		4670 S. FORT APACHE ROAD
		STREET 2:		SUITE 190
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89147
		BUSINESS PHONE:		7022217800

	MAIL ADDRESS:	
		STREET 1:		4670 S. FORT APACHE ROAD
		STREET 2:		SUITE 190
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89147
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a30910e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the<BR>
Securities and Exchange Act of 1934</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Date of Report (date of earliest event reported): May&nbsp;31, 2007</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><u>FULL HOUSE RESORTS, INC.</u></B>
</DIV>

<DIV align="center" style="font-size: 10pt"><B>(Exact Name of Registrant as Specified in Its Charter)</B></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-32583</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>13-3391527</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>(State or Other <BR>
Jurisdiction of <BR>
Incorporation)</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(Commission File<BR>
Number)</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(IRS Employer<BR>
Identification No.)</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>4670 S. Fort Apache Road,, Suite&nbsp;190<BR>
Las Vegas, Nevada 89147</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 0pt; width: 28%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 10pt"><B>(Address of principal executive office)</B></DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Registrant&#146;s telephone number, including area code: </B><U><B>(702)&nbsp;221-7800</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions (see General Instruction A.2.
below):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-family: Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-family: Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-family: Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-family: Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">






<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
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	<TD width="3%"></TD>
	<TD width="3%"></TD>
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	<TD width="76%"></TD>
</TR>
<TR><TD></TD><TD colspan="8"><A HREF="#000">Item&nbsp;1.01 Entry into a Material Definitive Agreement.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;8.01 Other Events.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;9.01. Financial Statements, Pro Forma Financial Information and Exhibits</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="a30910exv10w1.htm">EXHIBIT 10.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a30910exv10w2.htm">EXHIBIT 10.2</A></TD></TR>
<TR><TD colspan="9"><A HREF="a30910exv99w1.htm">EXHIBIT 99.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a30910exv99w2.htm">EXHIBIT 99.2</A></TD></TR>
</TABLE>
</CENTER>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>






<!-- link2 "Item&nbsp;1.01 Entry into a Material Definitive Agreement." -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective June&nbsp;1, 2007, a subsidiary of Full House Resorts, Inc., Gaming Entertainment
(Michigan) LLC, known as GEM, jointly owned with RAM Entertainment, LLC, a privately held company,
entered into a purchase and sale agreement with Green Acres Casino Management, Inc.,
known as Green Acres. The purchase agreement relates to the acquisition by GEM of all of Green
Acres&#146; interests in the Nottawaseppi Huron Band of Potawatomi casino project in Michigan for a
total purchase price of $10&nbsp;million. GEM funded an initial deposit of $500,000, half of which was
paid by us and the other half by RAM. The remainder becomes due once financing is obtained by GEM
as part of the project funding for the casino and the NIGC approves a 7&nbsp;year management agreement
between GEM and the tribe.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June&nbsp;4, 2007, we entered into a Termination of Consulting Agreement with Hard Rock
International (USA), Inc. The termination agreement terminates the Consulting Agreement dated
November&nbsp;21, 2002 by and between us and Hard Rock, which related to services to be provided by us
to Hard Rock in connection with the development of a Hard Rock casino project in Biloxi,
Mississippi. Pursuant to the terms of the termination agreement, Hard Rock has agreed to pay us a
termination fee of $283,554 dollars.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing descriptions of the purchase agreement and the termination agreement are
qualified in their entirety by the full text of such agreements, which are attached to this report
on Form 8-K as Exhibit&nbsp;10.1 and Exhibit&nbsp;10.2, respectively, and are incorporated by reference into
this report.
</DIV>
<!-- link2 "Item&nbsp;8.01 Other Events." -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8.01 Other Events.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May&nbsp;31, 2007, we issued a press release announcing that the Michigan Supreme Court has
upheld the validity of the Tribal-State Gaming Compact entered into with the Nottawaseppi Huron
Band of Potawatomi and three other tribes. A copy of the press release is attached hereto as
Exhibit&nbsp;99.1 and is incorporated herein by reference.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June&nbsp;4, 2007, we issued a press release announcing that GEM has entered into the purchase
agreement described in Item&nbsp;1.01 above. A copy of the press release is attached hereto as Exhibit
99.2 and is incorporated herein by reference.
</DIV>
<!-- link2 "Item&nbsp;9.01. Financial Statements, Pro Forma Financial Information and Exhibits" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01. Financial Statements, Pro Forma Financial Information and Exhibits</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<I>Exhibits</I>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are being furnished herewith:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchase and Sale Agreement dated May&nbsp;15, 2007 by and between
Gaming Entertainment (Michigan) LLC and Green Acres Casino
Management, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Termination of Consulting Agreement dated June&nbsp;4, 2007 by and
between Full House Resorts, Inc. and Hard Rock International
(USA), Inc.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release dated May&nbsp;31, 2007.</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release dated June&nbsp;4, 2007.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>FULL HOUSE RESORTS, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: June 5, 2007&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/
Mark J. Miller&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Mark J. Miller&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice President
and Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>


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</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a30910exv10w1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<TITLE>exv10w1</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 10.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Purchase and Sale Agreement</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Between</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Green Acres Casino Management, Inc.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>And</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Gaming Entertainment (Michigan) LLC</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Dated May&nbsp;15, 2007</B>
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This Agreement is entered into this 15<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of May, 2007 by and between GAMING
ENTERTAINMENT (MICHIGAN), LLC, a Delaware Limited Liability Company, located at c/o Full House
Resorts, Inc., 4670 S. Fort Apache Road, Suite&nbsp;190, Las Vegas, Nevada 89147 (&#147;<U>GEM</U>&#148;) and
Green Acres Casino Management, Inc., a Nevada corporation located at c/o Mayer Morganroth, Esquire,
Morganroth and Morganroth, 300 Town Center, Suite&nbsp;1500, Southfield, Michigan 48075 (&#147;Green Acres&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, Green Acres entered into gaming Management Agreements with the Nottawaseppi Huron
Band of Potawatomi (the &#147;<U>Tribe</U>&#148;), and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, subsequently, Green Acres, GEM and the parent companies of GEM entered into
agreements related to economic development for the Tribe, all of which agreements are detailed in a
certain agreement between Green Acres, GEM and the parent companies of GEM dated as of November&nbsp;18,
1996, and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, Green Acres desires to sell to GEM and GEM desires to purchase from Green Acres all
of the right, title and interest of Green Acres and any of its parent companies, subsidiaries,
affiliated companies and persons claiming by or through Green Acres or any of its affiliates in and
to any gaming and related economic development of the Tribe and specifically the rights of Green
Acres contained in that certain agreement of the parties dated November&nbsp;18, 1996. (Royalty
Agreement)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>NOW, THEREFORE</B>, in consideration of the mutual promises and commitments made herein and for
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
it is hereby agreed as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;<U>Definitions.</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Affiliate</I>&#148; has the meaning set forth in Rule&nbsp;12b-2 of the regulations promulgated under the
Securities Exchange Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Contract</I>&#148; or &#147;<I>Agreement</I>&#148; means any agreement, contract, obligation, promise, or undertaking
(whether written or oral and whether expressed or implied) that is legally binding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Encumbrance</I>&#148; means any mortgage, easement, servitude, right of way, charge, claim, community
property interest, condition, equitable interest, lien, option, pledge, security interest, right of
first refusal, or restriction of any kind, including any restriction or use, voting, transfer,
receipt of income, or exercise of any other attribute of ownership.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Knowledge</I>&#148; an individual will be deemed to have &#147;<I>Knowledge</I>&#148; of a particular fact or matter
if:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;such individual is actually aware of such fact or other matter; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;a prudent individual could be expected to discover or otherwise become aware of such fact
or other matter in the course of conducting a reasonably comprehensive investigation concerning the
existence of such fact or other matter.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A person (other than an individual) will be deemed to have &#147;Knowledge&#148; of a particular fact or
other matter if any individual who is serving, or who has at any time served, as a director,
officer, partner, executor or trustee or employee (including non-officer employees) of such Person
(or in any similar capacity) has, or at any time had, Knowledge of such fact or other matter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Liability</I>&#148; means any debt, loss, expense, liability, damages, fine, cost, royalty,
proceeding, deficiency or obligation of any nature (whether known or unknown, asserted or
unasserted, absolute or contingent, accrued or unaccrued, liquidated or unliquidated, and due or to
become due), including any liability for Taxes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Person</I>&#148; means an individual, a general or limited partnership, a corporation (including any
non-profit corporation), a limited liability company, an association, a joint stock company, an
estate, a trust, a joint venture, an unincorporated organization, or a governmental entity (or any
department, agency, branch official, court, tribunal or other instrumentality or political
subdivision thereof).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Project Funding</I>&#148; means the providing in the form of equity or debt of the funds needed (1)&nbsp;to
develop, construct, and open the project currently known as the Firekeepers Casino of the Tribe and
(2)&nbsp;to fund the payment obligation hereunder. For purposes of timing, the obtaining or receipt of
Project Funding shall be the date on which funds are first made available to the borrower or
recipient.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Securities Act</I>&#148; means the Securities Act of 1933, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<I>Securities Exchange Act</I>&#148; means the Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;<U>Basic Agreement</U>. Green Acres hereby sells, conveys and transfers to GEM, free and clear of any encumbrance,
all of the right, title and interest of Green Acres and any of its parent companies, subsidiaries,
affiliates and persons claming by or through Green Acres or any of its parent companies,
subsidiaries and affiliated companies in and to any and all economic development projects,
developments, operations or the right to operate or manage any such projects or developments and
specifically any and all rights of Green Acres pursuant to that certain agreement between Green
Acres, GEM, Full House Resorts, Inc. and GTECH Corporation dated November&nbsp;18, 1996, as it may have
been amended or supplemented. (Royalty Agreement).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;<U>Consideration</U>. For and in consideration of the transfer above by Green Acres to GEM, GEM shall pay to
Green Acres, subject to the terms and conditions contained herein the total sum of Ten Million
Dollars ($10,000,000.00) payable as follows:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The sum of Five Hundred Thousand Dollars ($500,000.00) payable
on the execution of this agreement by both parties.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The balance shall be paid no later than the date on which (i)
Project Funding is closed and funded and (ii)&nbsp;the approval of a 7&nbsp;year
management agreement between GEM and the Tribe being issued by the NIGC.</TD>
</TR>

</TABLE>
</DIV>
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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In the event that the balance is not paid on or before January&nbsp;1, 2008, GEM shall pay to Green
Acres the sum of Twenty-Five Thousand Dollars ($25,000) per calendar quarter for each calendar
quarter in which the balance shall not be paid, payable on the first day of each calendar quarter,
which payments shall be credited against the balance due from GEM. Under no circumstances will
closing occur later than 30&nbsp;days following the date on which Project Funding is available.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;<U>Default</U>. The following matters shall be events of default:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(A)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The failure of any condition or non-financial obligation of
either party, which shall not be cured within ten (10)&nbsp;days of written notice
to the party obligated.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(B)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The failure to make any payment when due, provided however,
that there shall be a ten (10)&nbsp;day grace period for any payment under
paragraphs 3 A and 3 C and a 30&nbsp;day grace period for any payment under
paragraph 3B.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(C)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Breach or failure of any representation or warranty made by the
parties herein, which shall not be cured within ten (10)&nbsp;days of written notice
to the party making the representation or warranty.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(D)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The filing of a petition in bankruptcy by or against either
party, or should either party enter into any composition of creditors, make an
assignment for the benefit of creditors or any similar action for the benefit
of creditors or for relief from creditors, provided that any action taken
against a party shall remain valid and pending and shall have been dismissed
for a period of 30&nbsp;days.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;<U>Effect of Default</U>. Upon the occurrence of an Event of Default by Green Acres, which shall remain uncured, GEM
shall be relieved of any and all payment obligations to Green Acres and Green Acres shall not be
entitled to any further payment under this or any other agreement related to the gaming development
by the Tribe. Upon the occurrence of an Event of Default by GEM, which shall remain uncured, Green
Acres shall be entitled to immediate payment of any balance due to it. It is specifically
understood and agreed that this obligation of GEM is unsecured and Green Acres shall have no rights
in or to GEM, its ownership, assets or income, except as may be allowed by judgment execution
remedies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;<U>Credit</U>. In the event that this agreement shall be void, unenforceable or ineffective then any
payment made pursuant to this agreement shall be applied against any other payment which may be due
to Green Acres from GEM or any of its affiliated entities or persons.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;<U>Representations of Green Acres</U>. Green Acres represents and warrants to GEM that the statements contained in this Section&nbsp;7
are correct and complete as of the date of this Agreement and will be correct and complete as of
the date on which each payment is made pursuant to this agreement (as though made then and as
though the date of payment were substituted for the date of this Agreement throughout this Section
7).
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <U>Authorization of Transaction</U>. Green Acres has full power and authority to execute and deliver this Agreement and to
perform its obligations hereunder. This Agreement constitutes the legal, valid and binding
obligation of Green Acres, enforceable in accordance with its terms. Green Acres has the absolute
and unrestricted right, power, authority and capacity to execute and deliver this Agreement and to
perform its obligations hereunder. Green Acres need not give any notice to, make any filing with,
or obtain any authorization, consent, or approval of any governmental body in order to consummate
the transactions contemplated by this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <U>Noncontravention</U>. Neither the execution and the delivery of this Agreement, nor the consummation of the
transaction contemplated hereby, will (i)&nbsp;violate any constitution, statute, regulation, rule,
injunction, judgment, order, decree, ruling, charge, or other restriction of any governmental body
or the terms and provisions of any trust document or (ii)&nbsp;conflict with, result in a breach of,
constitute a default under, result in the acceleration of, create in any party the right to
accelerate, terminate, modify, or cancel, or require any notice under any agreement, contract,
lease, license, instrument, or other arrangement to which Green Acres is a party or by which it is
bound or to which any of it or its assets is subject.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 <U>Brokers&#146; Fees</U>. Green Acres has no Liability or obligation to pay any fees or commissions to any broker,
finder, or agent with respect to the transactions contemplated by this Agreement for which GEM
could become liable or obligated.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4 <U>Rights Transferred</U>. Green Acres is the sole record and beneficial owner of the Rights transferred free and
clear of any restrictions on transfer, Taxes, Security Interests, options, warrants, purchase
rights, contracts, commitments, equities, claims and demands. Green Acres is not a party to any
option, warrant, purchase right, or other contract or commitment that could require Green Acres to
sell, transfer or otherwise dispose of any of the rights transferred.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5 <U>Powers of Attorney</U>. There are no outstanding powers of attorney executed on behalf of Green Acres.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.6 <U>No Litigation</U>. There is no pending litigation against Green Acres or any of its affiliated companies or
persons and there are no judgments, awards or injunctions which remain outstanding and not
satisfied against Green Acres or any of its affiliated companies or persons and to the best
knowledge of the officers and directors of Green Acres there is no threatened claim, suit, action,
demand or charge against Green Acres or any of its affiliated companies or persons.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;<U>Representations of GEM</U>. GEM represents and warrants to Green Acres that the statements contained in this Section&nbsp;8
are correct and complete as of the date of this Agreement and will be correct and complete as of
the date of any payment made pursuant to this agreement (as though made then and as though the date
of payment were substituted for the date of this Agreement throughout this Section&nbsp;8).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 <U>Organization of GEM</U>. GEM is a Limited Liability Company, duly organized, validly existing and in good standing
under the laws of the State of Delaware.
</DIV>


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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 <U>Authorization of Transaction</U>. GEM has full power and authority (including full entity power and authority) to execute and
deliver this Agreement and to perform its obligations hereunder. This Agreement constitutes the
legal, valid and binding obligation of GEM, enforceable in accordance with its terms and
conditions.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 <U>Noncontravention</U>. Neither the execution and the delivery of this Agreement, nor the consummation of the
transactions contemplated hereby, will violate any constitution, statute, regulation, rule,
injunction, judgment, order, decree, ruling, charge or other restriction of any governmental body
to which GEM is subject or any provision of its charter or bylaws.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 <U>Brokers&#146; Fees</U>. GEM has no Liability or obligation to pay any fees or commissions to any broker, finder, or
agent with respect to the transactions contemplated by this Agreement for which Green Acres could
become liable or obligated.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;<U>Covenant Not to Compete</U>. For a period from the date hereof until two years after the date on which the Tribe&#146;s
gaming casino opens to the public, Green Acres and its affiliated companies and persons will not
engage directly or indirectly in any casino gaming business anywhere within the State of Michigan;
<I>provided, however</I>, that Green Acres or its affiliated companies or individuals may own up to 4% of
the outstanding stock of any publicly-traded corporation engaged in a business that is competitive
with the gaming business of the Tribe so long as no principal of Green Acres is a director or
officer of, and does not otherwise participate in the management of, such corporation. If the
final judgment of a court of competent jurisdiction declares that any term or provision of this
Section&nbsp;9 is invalid or unenforceable, the Parties agree that the court making the determination of
invalidity or unenforceability shall have the power to reduce the scope, duration, or area of the
term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable
term or provision with a term or provision that is valid and enforceable and that comes closest to
expressing the intention of the invalid or unenforceable term or provision, and this Agreement
shall be enforceable as so modified after the expiration of the time within which the judgment may
be appealed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;<U>Indemnification</U>. Green Acres indemnifies and holds harmless GEM, its members, officers, employees, agents
and any of its affiliated companies or persons from any and all claims, actions, demands,
judgments, awards, damages and costs, including attorneys fees arising out of this agreement or any
act or omission of Green Acres or any of its affiliated companies or persons, whether intentional,
reckless, negligent or otherwise. Upon notice to Green Acres of any claim, action, demand,
judgment, award, damage or cost, Green Acres shall immediately and without cost to GEM undertake
the defense against such matter until conclusion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GEM indemnifies and holds harmless Green Acres, its members, officers, employees, agents and
any of its affiliated companies or persons from any and all claims, actions, demands, judgments,
awards, damages and costs, including attorneys fees arising out of this agreement or any act or
omission of GEM or any of its affiliated companies or persons, whether intentional, reckless,
negligent or otherwise. Upon notice to GEM of any claim, action, demand, judgment, award, damage
or cost, GEM shall immediately and without cost to Green Acres undertake the defense against such
matter until conclusion.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;<U>Release</U>. Green Acres hereby releases and discharges GEM, its members, and its and their owners,
directors, officers, employees, agents and representatives (&#147;GEM and its Affiliates&#148;) from any and
all claims, demands, causes of actions or other rights which Green Acres may assert arising from
any and all discussions, negotiations, transactions, relationships, business dealings or otherwise
between GEM and its Affiliates and the Nottawaseppi Huron Band of Potawatomi.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;<U>Non-Disparagement</U>. Neither party shall disparage the other or make any statement, public or private, whether
in writing, oral, by electronic or mechanical means or otherwise concerning the other party without
the express written consent of the other party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;<U>Press Releases and Public Statements</U>. No Party shall issue any press release or make any public announcement relating to the
subject matter of this Agreement without the prior written approval of the other Party; <I>provided,
however</I>, that any Party may make any public disclosure it believes in good faith is required by
applicable law or any listing or trading agreement concerning its publicly-traded securities (in
which case the disclosing Party will use its reasonable efforts to advise the other Parties prior
to making the disclosure and <I>provided further </I>that either party may make any public or private
disclosure required by any governmental agency for purposes of complying with the laws, rules and
regulations of such governmental agency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;<U>Successors and Assigns</U>. This agreement shall inure to the benefit of and be binding upon the assigns, successors,
parents, subsidiaries and other affiliated entities and persons of the parties as if they were
parties to this agreement. It is agreed that either party may assign its rights or obligations by
written notice to the other party, which assignment shall be effective upon receipt of the written
notice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.&nbsp;<U>Entire Agreement</U>. This Agreement (including the documents referred to herein) constitutes the entire
agreement among the Parties and supersedes any prior understandings, agreements or representations
by or among the Parties, written or oral, to the extent they related in any way to the subject
matter hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.&nbsp;<U>Counterparts</U>. This Agreement may be executed in one or more counterparts, each of which shall be deemed
an original but all of which together will constitute on and the same instrument.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.&nbsp;<U>Headings</U>. The section headings contained in this Agreement are inserted for convenience only and
shall not affect in any way the meaning or interpretation of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.&nbsp;<U>Notices</U>. All notices, requests, demands, claims, and other communications hereunder will be in
writing. Any notice, request, demand, claim, or other communication hereunder shall be deemed duly
given to the intended recipient as set forth below:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;three business days after it is sent by registered or certified mail, return receipt
requested, postage prepaid,
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;one business day after it is sent by Federal Express or similar reputable overnight
courier service, or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;upon transmission if sent via electronic mail or facsimile, provided electronic
confirmation of receipt is received and a hard copy of such notice is subsequently sent via one of
the methods described in subparagraph (b)&nbsp;or (c):
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">If to Green Acres:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Basil Green<BR>
c/o Mayer Morganroth, Esquire<BR>
Morganroth &#038; Morganroth<BR>
300 Town Center, Suite&nbsp;1500<BR>
Southfield, MI 48075<BR>
Fax: (248)&nbsp;355-3017<BR>
Email: mmorganroth@morganrothlaw.com</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">If to GEM:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gaming Entertainment (Michigan) LLC<BR>
c/o Full House Resorts, Inc.<BR>
4670 South Fort Apache Road, Suite&nbsp;190<BR>
Las Vegas, Nevada 89147<BR>
Attention: Barth F. Aaron, General Counsel<BR>
Fax: (702)&nbsp;221-8101<BR>
Email: aaronesq@sbcglobal.net</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Either Party may change the address to which notices, requests, demands, claims and other
communications hereunder are to be delivered by giving the other Party notice in the manner set
forth herein.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.&nbsp;<U>Governing Law</U>. This Agreement shall be governed by and construed in accordance with the domestic laws of
the State of Michigan without giving effect to any choice or conflict of law provision or rule
(whether of the State of Michigan or any other jurisdiction) that would cause the application of
the laws of any jurisdiction other than the State of Michigan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.&nbsp;<U>Amendments and Waivers</U>. No amendment of any provision of this Agreement shall be valid unless the same shall be in
writing and signed by Green Acres and GEM. No waiver by either Party of any default,
misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, shall
be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or
covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent
such occurrence.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.&nbsp;<U>Severability</U>. Any term or provision of this Agreement that is invalid or unenforceable in any situation
in any jurisdiction shall not affect the validity or enforceability of the remaining terms and
provisions hereof or the validity or enforceability of the offending term or provision in any other
situation or in any other jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.&nbsp;<U>Expenses</U>. Each Party will bear its own costs and expenses (including legal fees and expenses)
incurred in connection with this Agreement and the transactions contemplated hereby.
</DIV>

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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.&nbsp;<U>Construction</U>. The Parties have participated jointly in the negotiation and drafting of this Agreement.
In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be
construed as if drafted jointly by the Parties and no presumption or burden of proof shall arise
favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this
Agreement. Any reference to any federal, state, local or foreign statue or law shall be deemed
also to refer to all rules and regulations promulgated thereunder, unless the context requires
otherwise. The word &#147;including&#148; shall mean including without limitation. References to his, her
or its shall be construed to correspond to the appropriate gender of the Person to whom they refer,
as the context may require. The Parties intend that each representation, warranty, and covenant
contained herein shall have independent significance. If any Party has breached any
representation, warranty, or covenant contained herein in any respect, the fact that there exists
another representation, warranty, or covenant relating to the same subject matter (regardless of
the relative levels of specificity) which the Party has not breached shall not detract from or
mitigate the fact that the Party is in breach of the first representation, warranty or covenant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>IN WITNESS WHEREOF</B>, the Parties hereto execute this Agreement as their authorized act on the
date first set forth above.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">GAMING ENTERTAINMENT (MICHIGAN)&nbsp;LLC</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">GREEN ACRES CASINO MANAGEMENT, INC.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">/s/ Mark J. Miller</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">/s/ Basil E. Green</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Mark J. Miller</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Basil E. Green</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Member</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>a30910exv10w2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;10.2
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>TERMINATION OF CONSULTING AGREEMENT</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This TERMINATION OF CONSULTING AGREEMENT (&#147;Agreement&#148;) is made and entered into as of June&nbsp;4,
2007 by and between Full House Resort, Inc., (&#147;Consultant&#148;), with a principal place of business at
4670 South Fort Apache Road, Suite&nbsp;190, Las Vegas, Nevada 89147, and Hard Rock Cafe International
(USA), Inc., (&#147;Hard Rock&#148;), with a principal place of business at 6100 Old Park Lane, Orlando,
Florida 32835.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>R E C I T A L S</U>:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;Hard Rock and Consultant previously entered into a Consulting Agreement dated November&nbsp;21,
2002 (&#147;Consulting Agreement&#148;) with regard services to be provided by Consultant relating to the
future development of &#147;Hard Rock Hotel &#038; Casino&#148; in Biloxi, Mississippi (the &#147;Project&#148;) that
provided for certain Consulting Fees to be paid to Consultant based on a percentage of fees
received by Hard Rock under the License Agreement for the Project (as more particularly described
in the Consulting Agreement);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;In exchange for the payment of a Termination Fee (as hereinafter defined), Hard Rock and
Consultant mutually desire to terminate the Consulting Agreement and to release each other from all
further liabilities and obligations under such agreement, as more specifically provided in this
Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW THEREFORE, in consideration of the foregoing, the mutual covenants and agreements
contained herein, the parties covenant and agree as follows:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE I</B><BR>
<U><B>TERMINATION</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <U>Termination of Consulting Agreement</U> Hard Rock and Consultant hereby agree to
terminate the Consulting Agreement, effective immediately, and further agree that neither party
shall have any further claim against the other whatsoever in respect of any matter or thing under
said agreement or relating to the Project.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE II</B><BR>
<U><B>COMPENSATION</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 HRC-USA shall pay Consultant an early termination fee of Two Hundred Eighty Three Thousand
Five Hundred Fifty Four Dollars ($283,554.00), (&#147;Termination Fee&#148;), which Termination Fee shall be
payable by wire transfer to an account designated by Consultant within two (2)&nbsp;business days of the
Effective Date.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE III</B><BR>
<U><B>RELEASES</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <U>Release of Hard Rock</U>. Consultant does hereby release, remise and forever
discharge Hard Rock and its affiliates, and each of their respective stockholders, members,
directors, officers, employees and agents (the &#147;Hard Rock Releasees&#148;), from any and all accounts,
agreements, claims, causes of action, controversies, covenants, damages, debts, demands, disputes,
duties, liabilities, obligations, promises, settlements, or understandings, whatsoever, known or
unknown, which the such parties, or any of them, now have, may have had, or may hereafter have,
against the Hard Rock Releasees arising out of or relating to the Consulting Agreement or the
Project.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 <U>Release of Consultant</U>. Hard Rock does hereby release, remise and forever
discharge Consultant and its affiliates, and each of their respective stockholders, members,
directors, officers, employees and agents (the &#147;Full House Releasees&#148;), from any and all accounts,
agreements, claims, causes of action, controversies, covenants, damages, debts, demands, disputes,
duties, liabilities, obligations, promises, settlements, or understandings, whatsoever, know or
unknown, which the such parties, or any of them, now have, may have had, or may hereafter have,
against the Full House Releasees out of or relating to the Consulting Agreement or the Project.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 <U>Authority.</U> Consultant and the persons executing this Agreement on behalf of
Consultant represent and warrant the following:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Consultant has not assigned or transferred any of its respective rights under the
Consulting Agreement; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Consultant and person signing on behalf of Consultant has all necessary corporate power
and authority to execute, deliver and perform this Agreement on behalf of their respective
corporation and all other agreements, instruments and documents to be executed and delivered by it
in connection herewith and to consummate the transactions contemplated hereby and thereby. The
execution, delivery and performance of this Agreement and the other agreements, instruments and
documents to be executed and delivered in connection herewith, and the consummation of the
transactions contemplated hereby and thereby, have been duly approved and authorized by all
necessary corporate action. Consultant is a corporation duly organized, validly existing and in
good standing under the laws of its jurisdiction of organization; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;this Agreement constitutes, and will constitute, the valid and binding agreements of
Consultant, enforceable in accordance with its and respective terms (subject to general equitable
principles and to bankruptcy, insolvency and similar laws affecting creditors&#146; rights generally);
and
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;neither the execution and delivery of this Agreement nor the consummation of the
transactions contemplated hereby will constitute a violation of, or result in a cancellation of, or
require a consent or constitute a default under: (A)&nbsp;any term or provision of any party&#146;s
certificate of incorporation or by-laws (or other organic documents): (B)&nbsp;any judgment, decree,
order, regulation or rule of any court or governmental authority applicable to Consultant; (C)&nbsp;any
statute, law or regulation; (D)&nbsp;any material contract, agreement, indenture, lease, promissory
note, license or other commitment to which Consultant is a party or by which it is bound.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 <U>Authority.</U> Hard Rock and the persons executing this Agreement on behalf of Hard
Rock represent and warrant the following:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Hard Rock has not assigned or transferred any of its respective rights under the
Consulting Agreement; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Hard Rock and person signing on behalf of Hard Rock has all necessary corporate power
and authority to execute, deliver and perform this Agreement on behalf of their respective
corporation and all other agreements, instruments and documents to be executed and delivered by it
in connection herewith and to consummate the transactions contemplated hereby and thereby. The
execution, delivery and performance of this Agreement and the other agreements, instruments and
documents to be executed and delivered in connection herewith, and the consummation of the
transactions contemplated hereby and thereby, have been duly approved and authorized by all
necessary corporate action. Hard Rock is a corporation duly organized, validly existing and in
good standing under the laws of its jurisdiction of organization; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;this Agreement constitutes, and will constitute, the valid and binding agreements of
Hard Rock, enforceable in accordance with its and respective terms (subject to general equitable
principles and to bankruptcy, insolvency and similar laws affecting creditors&#146; rights generally);
and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;neither the execution and delivery of this Agreement nor the consummation of the
transactions contemplated hereby will constitute a violation of, or result in a cancellation of, or
require a consent or constitute a default under: (A)&nbsp;any term or provision of any party&#146;s
certificate of incorporation or by-laws (or other organic documents): (B)&nbsp;any judgment, decree,
order, regulation or rule of any court or governmental authority applicable to Hard Rock; (C)&nbsp;any
statute, law or regulation; (D)&nbsp;any material contract, agreement, indenture, lease, promissory
note, license or other commitment to which Hard Rock is a party or by which it is bound.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE IV</B><BR>
<U><B>GENERAL PROVISIONS</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 <U>Entire Agreement</U>. This Agreement sets forth the entire understanding of the
parties with respect to the subject matter hereof. Any previous agreements or understandings
between the parties regarding the subject matter hereof are merged into and superseded by this
Agreement.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 <U>Binding Nature.</U> This Agreement shall be binding upon and inure to the benefit of
each of, and be enforceable by, the respective heirs, legal representatives, successors and assigns
of each of the parties hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 <U>Construction</U>. This Agreement is a commercial agreement between sophisticated
parties which has been entered into by the parties in reliance upon the economic and legal bargains
contained herein. This Agreement shall be interpreted and construed in a fair and impartial manner
without regard to which party prepared the document, the relative bargaining powers of the parties
or the domicile of any party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 <U>Headings</U>. The various headings used in this Agreement are inserted for convenience
only and shall not in any way affect the meaning or construction of this Agreement or any provision
hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5 <U>Counterparts</U>. This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original, but all such counterparts together shall constitute but one
agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6 <U>Governing Law</U>. This Agreement shall be governed, construed and enforced in
accordance with the internal laws of the State of Florida, excluding any choice of law rules, which
may direct the application of the laws of another jurisdiction. Consultant and Hard
Rock hereby consent to the exclusive jurisdiction of the courts of Orange County, Florida.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#091;Signatures on Following Page&#093;

</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties have caused this Agreement to be executed, effective as of the
date first set forth above.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="0%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>HARD ROCK CAFE INTERNATIONAL (USA), INC</B>.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Thomas J. Gispanski
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Thomas J. Gispanski&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Its:&nbsp;&nbsp;</TD>
    <TD align="left">Vice-President - Finance&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="0%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>FULL HOUSE RESORTS, INC</B>.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Mark J. Miller
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Mark J. Miller&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Its:&nbsp;&nbsp;</TD>
    <TD align="left">Sr. V.P. &#038; CFO&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>a30910exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;99.1
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>For Immediate Release</I>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>FULL HOUSE RESORTS ANNOUNCES BUY-OUT OF GREEN ACRES CASINO MANAGEMENT</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Las Vegas &#151; June&nbsp;4, 2007 &#151; Full House Resorts (AMEX : FLL) announced today that its subsidiary,
Gaming Entertainment (Michigan) LLC, (&#147;GEM&#148;) jointly owned with RAM Entertainment, LLC, a privately
held company, has agreed to acquire the interest of Green Acres Casino Management in the
Nottawaseppi Huron Band of Potawatomi casino project in Michigan. Green Acres had a right to a
royalty payment based on numerous metrics but which would approximate in excess of 15% of the total
management fee received by GEM from the operation of the casino to be located in Emmett Township,
Michigan and currently under development. GEM has agreed to pay a total of $10&nbsp;million, with a down
payment of $500,000 on the signing of the agreement. The balance will be due when financing has
been obtained in conjunction with the permanent project financing. GEM has been in discussion with
Merrill Lynch Pierce Fenner &#038; Smith to arrange an add-on financing security as part of the overall
project financing transaction to fund the balance of the Green Acres purchase price. The add-on
debt security will be an obligation of GEM and will not be part of the overall casino development
cost.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GEM has a management agreement with the Tribe, subject to approval by the National Indian
Gaming Commission, to develop and manage the Firekeepers Casino on land recently taken into trust
for the benefit of the Tribe. The Tribe has engaged Merrill Lynch to obtain project financing of
up to $275&nbsp;million for this world-class facility. Plans for the casino include 2,500 slot machines,
90 table games, 20 poker tables and related amenities including fine dining, buffet and fast food
outlets. Plans also call for a 2,000 vehicle parking structure for the convenience of the casino
patrons.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With final governmental approvals expected this summer, the project is on course to commence
construction later this year with an opening in 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mark Miller, Chief Financial Officer of Full House Resorts, reported that &#147;this agreement
makes perfect financial sense to us. Based on our estimate of the present value of the Green Acres
interest we believe the $10&nbsp;million purchase price will be very favorable to both Full House
Resorts shareholders as well as our partner RAM.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Andre M. Hilliou, Chief Executive Officer of Full House Resorts, said &#147;once again we have been
successful in creating new shareholder value by re-working old agreements on terms much more
favorable to the company and our constituents.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">About Full House Resorts, Inc.

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Full House owns, develops and manages gaming facilities. Full House owns the Stockman&#146;s Casino and
Holiday Inn Express in Fallon, Nevada which has 8,400 square feet of gaming space with
approximately 280 gaming machines, 4 table games and a keno game. The casino has a bar, a fine
dining restaurant and a coffee shop. The Holiday Inn Express has 98 guest rooms, indoor and outdoor
swimming pools, a sauna, fitness club, meeting room and business center. Full House also manages
Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington, Delaware, along with
the owner of the adjacent racetrack. Midway Slots and Simulcast has a total of over 1,500 gaming
devices, a 350-seat buffet, a 50-seat diner, gourmet
</DIV>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Steak House and an entertainment lounge. Midway is in the process of a $40&nbsp;million remodeling and
expansion, scheduled to open in the summer of 2007. In addition, Full House has a Gaming
Management Agreement with the Namb&#233; Pueblo of New Mexico for the development of a coordinated
entertainment venue centered on a 50,000 square foot casino and with the Northern Cheyenne Nation
of Montana for the development and management of a 27,000 square foot gaming facility. Further
information about Full House can be viewed on its web site at <U>www.fullhouseresorts.com</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Forward-looking Statements
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Some of the statements made in this release are forward-looking statements. These forward-looking
statements are based upon Full House&#146;s current expectations and projections about future events and
generally relate to Full House&#146;s plans, objectives and expectations for Full House&#146;s business.
Although Full House&#146;s management believes that the plans and objectives expressed in these
forward-looking statements are reasonable, the outcome of such plans, objectives and expectations
involve risks and uncertainties including without limitation, regulatory approvals, financing
sources and terms, integration of acquisitions, competition and business conditions in the gaming
industry. Additional information concerning potential factors that could affect Full House&#146;s
financial condition and results of operations is included in the reports Full House files with the
Securities and Exchange Commission, including, but not limited to, its Form 10-KSB for the most
recently ended fiscal year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the foregoing reasons, readers and investors are cautioned that there also can be no assurance
that the outcomes expressed in Full House&#146;s forward-looking statements included in this release and
otherwise will prove to be accurate. In light of the significant uncertainties inherent in such
forward-looking statements, the inclusion of such information should not be regarded as a
representation or warranty by Full House or any other person that Full House&#146;s objectives and plans
will be achieved in any specified time frame, if at all. Full House does not undertake any
obligation to update any forward-looking statements or to announce revisions to any forward-looking
statements.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"># # #
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For further information, contact:

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mark Miller, Chief Financial Officer<BR>
Full House Resorts, Inc.<BR>
702-221-7800<BR>
<U>www.fullhouseresorts.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Or

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">William R. Schmitt<BR>
Integrated Corporate Relations<BR>
203-682-8200<BR>
<U>investors@fullhouseresorts.com</U>

</DIV>


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<DESCRIPTION>EXHIBIT 99.2
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;99.2
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>For Immediate Release</I>

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>FULL HOUSE RESORTS ANNOUNCES FAVORABLE COURT RULING</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Las Vegas &#151; May&nbsp;31, 2007 &#151; Full House Resorts (AMEX : FLL) announced today that the Michigan
Supreme Court has once again upheld the validity of the Tribal-State Gaming Compact entered into
with the Nottawaseppi Huron Band of Potawatomi and three other tribes. In its decision, released
on May&nbsp;30, 2007, five of the seven Justices upheld the argument presented by the Tribe and Full
House&#146;s subsidiary, Gaming Entertainment (Michigan) LLC, (&#147;GEM&#148;) that the plaintiff, Taxpayers of
Michigan Against Casinos (TOMAC), could not present its arguments against the validity of the
Compact for the first time on remand to the state Court of Appeals. The Court of Appeals had
previously dismissed TOMAC&#146;s arguments and the state Supreme Court upheld that decision.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GEM, jointly owned with RAM Entertainment, LLC, a privately held company, has a management
agreement with the Tribe, subject to approval by the National Indian Gaming Commission, to develop
and manage the Firekeepers Casino on land recently taken into trust for the benefit of the Tribe in
the Battle Creek area. The Tribe has engaged Merrill Lynch to obtain project financing of up to
$275&nbsp;million for this world-class facility. Plans for the casino include 2,500 slot machines, 90
table games, 20 poker tables and related amenities including fine dining, buffet and fast food
outlets. Plans also call for a 2,000 vehicle parking structure for the convenience of the casino
patrons.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With final governmental approvals expected this summer, the project is on course to commence
construction later this year with an opening in 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Andre M. Hilliou, Chief Executive Officer of Full House Resorts, said &#147;we hope now once and
for all these anti-gaming groups have seen that gaming is a legitimate business and in the case of
Indian gaming, a highly successful means of funding tribal self-determination and self-sufficiency.
We can now turn to the real work at hand and provide jobs and benefits for the people of southern
Michigan.&#148;
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">About Full House Resorts, Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Full House owns, develops and manages gaming facilities. Full House owns the Stockman&#146;s Casino and
Holiday Inn Express in Fallon, Nevada which has 8,400 square feet of gaming space with
approximately 280 gaming machines, 4 table games and a keno game. The casino has a bar, a fine
dining restaurant and a coffee shop. The Holiday Inn Express has 98 guest rooms, indoor and outdoor
swimming pools, a sauna, fitness club, meeting room and business center. Full House also manages
Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington, Delaware, along with
the owner of the adjacent racetrack. Midway Slots and Simulcast has a total of over 1,500 gaming
devices, a 350-seat buffet, a 50-seat diner, gourmet Steak House and an entertainment lounge.
Midway is in the process of a $40&nbsp;million remodeling and expansion, scheduled to open in the summer
of 2007. Full House also has a management agreement with the Nottawaseppi Huron Band of Potawatomi
Indians for the development and management of a first-class casino/resort with 2,500 gaming
devices, 90 table games and 20 poker tables in the Battle Creek, Michigan area, which is currently
in development. In addition, Full House has a Gaming Management Agreement with the Namb&#233; Pueblo
of New Mexico for the development of a coordinated entertainment venue centered on a 50,000 square
foot casino
</DIV>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">and with the Northern Cheyenne Nation of Montana for the development and management of a 27,000
square foot gaming facility. Further information about Full House can be viewed on its web site
at <U>www.fullhouseresorts.com</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Forward-looking Statements
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Some of the statements made in this release are forward-looking statements. These forward-looking
statements are based upon Full House&#146;s current expectations and projections about future events and
generally relate to Full House&#146;s plans, objectives and expectations for Full House&#146;s business.
Although Full House&#146;s management believes that the plans and objectives expressed in these
forward-looking statements are reasonable, the outcome of such plans, objectives and expectations
involve risks and uncertainties including without limitation, regulatory approvals, financing
sources and terms, integration of acquisitions, competition and business conditions in the gaming
industry. Additional information concerning potential factors that could affect Full House&#146;s
financial condition and results of operations is included in the reports Full House files with the
Securities and Exchange Commission, including, but not limited to, its Form 10-KSB for the most
recently ended fiscal year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the foregoing reasons, readers and investors are cautioned that there also can be no assurance
that the outcomes expressed in Full House&#146;s forward-looking statements included in this release and
otherwise will prove to be accurate. In light of the significant uncertainties inherent in such
forward-looking statements, the inclusion of such information should not be regarded as a
representation or warranty by Full House or any other person that Full House&#146;s objectives and plans
will be achieved in any specified time frame, if at all. Full House does not undertake any
obligation to update any forward-looking statements or to announce revisions to any forward-looking
statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"># # #
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For further information, contact:

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mark Miller, Chief Financial Officer<BR>
Full House Resorts, Inc.<BR>
702-221-7800<BR>
<U>www.fullhouseresorts.com</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Or

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">William R. Schmitt<BR>
Integrated Corporate Relations<BR>
203-682-8200<BR>
<U>investors@fullhouseresorts.com</U>

</DIV>


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