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<SEC-DOCUMENT>0000950137-07-008989.txt : 20070621
<SEC-HEADER>0000950137-07-008989.hdr.sgml : 20070621
<ACCEPTANCE-DATETIME>20070621150551
ACCESSION NUMBER:		0000950137-07-008989
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070618
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070621
DATE AS OF CHANGE:		20070621

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:		07933552

	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>a31394e8vk.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): June&nbsp;18, 2007</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>FULL HOUSE RESORTS, INC.</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>
<!-- End Table Head -->
<!-- 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
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; margin-top: 18pt">&nbsp;<BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 50%; 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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<P><HR noshade><P>

<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>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<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;9.01. Financial Statements, Pro Forma Financial Information and Exhibits</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="a31394exv10w1.htm">EXHIBIT 10.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a31394exv99w1.htm">EXHIBIT 99.1</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;On June&nbsp;18, 2007, Full House Resorts, Inc. entered into a management reorganization agreement
with Harrington Raceway, Inc., the other member of Gaming Entertainment (Delaware) L.L.C., which
manages the Midway Slots &#038; Simulcast operation at the Harrington raceway in Delaware. Pursuant to
this agreement, we have agreed to delegate to Harrington Raceway, Inc., the management of the
day-to-day operations of Gaming Entertainment (Delaware) L.L.C. In addition, the agreement states
that we will continue to receive our share of the management fees, provided that these fees are
subject to a minimum amount with at least a 5% increase each year over the 2006 base amount until
the end of the term of the management agreement in August of 2011. For 2008 that guaranteed
minimum increase will be 8%.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing description of the management reorganization agreement is qualified in its
entirety by the full text of such agreement, which is attached to this report on Form 8-K as
Exhibit&nbsp;10.1 and is incorporated by reference into this report. The press release we issued
announcing this agreement is attached hereto as Exhibit&nbsp;99.1.
</DIV>
<!-- link2 "Item&nbsp;9.01. Financial Statements, Pro Forma Financial Information and Exhibits" -->
<DIV align="left"><A NAME="001"></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 valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management Reorganization Agreement dated June&nbsp;18, 2007 by and
between Full House Resorts, Inc. and Harrington Raceway, 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>
</TR>
<TR valign="bottom">
    <TD 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 June&nbsp;19, 2007.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

<!-- PAGEBREAK -->
<P><HR noshade><P>
<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="002"></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 21, 2007&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Barth F. Aaron
&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">Barth F. Aaron&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">Secretary/General Counsel&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>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<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">


<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>

</TABLE>
<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</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="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 valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Management Reorganization Agreement dated June&nbsp;18, 2007 by and
between Full House Resorts, Inc. and Harrington Raceway, 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>
</TR>
<TR valign="bottom">
    <TD 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 June&nbsp;19, 2007.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<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>a31394exv10w1.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"><U><B>EXHIBIT 10.1</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>GAMING ENTERTAINMENT (DELAWARE)&nbsp;L.L.C.</B></U><BR>
<U><B>MANAGEMENT REORGANIZATION AGREEMENT</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement, dated as of June&nbsp;18<SUP style="font-size: 85%; vertical-align: text-top">th</SUP>, 2007, is by and between:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;<B>FULL HOUSE RESORTS, INC. </B>(&#147;<B>FHR</B>&#148;), a Delaware corporation; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;<B>HARRINGTON RACEWAY, </B>INC. (&#147;<B>HRI</B>&#148;), a Delaware corporation.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, pursuant to that certain limited liability company agreement dated December&nbsp;29, 1995
(&#147;GED&#146;s Operating Agreement&#148;), GTECH Gaming Subsidiary 1 Corporation (&#147;GTECH 1&#148;), a Delaware
corporation, and GTECH Subsidiary 2 Corporation (&#147;GTECH 2&#148;) , a Delaware corporation, on the one
hand, and Full House Subsidiary, Inc. (&#147;FHS&#148;) , a Delaware corporation, and Full House Joint
Venture Subsidiary, Inc. (&#147;FHNS&#148;) , a New York corporation, on the other hand, agreed, as the then
current members of Gaming Entertainment (Delaware), L.L.C. (&#147;GED&#148;), a Delaware limited liability
company, to the terms pertinent to the operation of GED and their respective rights and
obligations, as members, with reference to GED; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the purpose of GED is, as documented by that certain January&nbsp;31, 1996 Management
Agreement, as amended to date between HRI and GED (the &#147;Management Agreement&#148;), to manage the video
lottery slots business operation of HRI (such business component being hereinafter referred to as
&#147;Midway&#148;); and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, effective March&nbsp;31, 2004, GTECH 1 and GTECH 2, with the consent of FHR, collectively
assigned to HRI the respective rights and obligations of GTECH 1 and GTECH 2 under GED&#146;s Operating
Agreement, with HRI thereby succeeding GTECH 1 and GTECH 2, and being substituted therefore, as a
50% member of GED; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, subsequent to March&nbsp;31, 2004, FHS and FHNS collectively assigned to FHR the
respective rights and obligations of FHS and FHJVS under GED&#146;s Operating Agreement, with FHR
thereby succeeding FHS and FHNS, and being substituted therefore, as a 50% member of GED; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, as a result of the aforesaid assignments, FHR and HRI currently are the only members
of GED, each being a 50% member thereof; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, FHR and HRI have negotiated certain terms and conditions, as hereinafter set forth,
pursuant to which, notwithstanding the terms of GED&#146;s Operating Agreement, HRI will assume
exclusive authority over the day-to-day operation of GED (including, by way of example, rather than
limitation, LED&#146;s responsibilities under the terms of the Management Agreement); and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, FHR and HRI, being the parties hereto, hereby desire to document the aforesaid terms
and conditions.
</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">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW THEREFORE, in consideration of the agreements and obligations set forth herein and for
other good and valuable consideration, the receipt and sufficiency of which <I>are </I>hereby
acknowledged, the parties hereto hereby agree, as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;<U>Delegation to HRI of FHR Member Authority</U>. Subject to the remaining terms of this Agreement, and in the absence of a Material Uncured
Default by HRI with respect to HRI&#146;s obligations hereunder, FHR hereby irrevocably grants to HRI
the proxy of FHR, coupled with an interest, to manage all of the day-to-day operations of GED
(including, by way of example rather than limitation, the LLC&#146;s responsibilities under the terms of
the Management Agreement). The preceding sentence to the contrary, the scope of the delegation
intended by this paragraph 1 shall not extend to matters relating to Bruce McKee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;<U>Guaranteed FHR Member Distribution</U>. During the Term of this Agreement, HRI has the right, exclusive of FHR to manage all of the
day-to-day operations of GED, HRI shall cause GED to distribute to FHR a monthly member
distribution calculated in accordance with the following terms of this paragraph 2.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The member distribution to which each of FHR and HRI heretofore have been entitled under
the terms of the GED Operating Agreement has been calculated traditionally, as 50% of the gross
management fee paid by HRI to GED pursuant to the terms of the Management Agreement, as modified to
account for only the following adjustments and GED expenses: The aggregate salary, bonus, benefits
and expenses (typical of those heretofore mutually budgeted and approved by FHR and HRI, as the
members of GED and reasonably incurred) attributable to that person or persons performing in the
position of the General Manager (the &#147;General Manager&#148;) of the HRI business component known,
generally as Midway Slots and Simulcast (&#147;Midway Slots&#148;); the salaries and related payroll and
benefit expenses, typical of those heretofore mutually budgeted and approved by FHR and HRI, as the
members of GED, with respect to others performing services on behalf of GED (and, by way of
clarification, whether such others are paid directly by GED or are paid by HRI but properly
chargeable, in whole or in part and on an inter-company basis, as an expense to GED based upon the
extent to which the services performed by such individuals substitute for services heretofore
performed by personnel charged to GED (FHR and HRI agreeing that HRI may elect to have HRI
personnel staff GED positions or perform services on behalf of GED, and mutually recognizing that
the extent of such services (and the resulting cost thereof) may well increase commensurate with
any expansion of Midway Slots); independent accountant fees and costs incurred in connection with
the annual audit of GED&#146; s books and records and the preparation of GED &#145;s annual financial
statement; independent accountant fees and costs incurred in connection with the preparation of
GED&#146;s annual tax return filings (as well as any and audits by pertinent taxing authorities related
to one or more such returns); and GED gross receipts taxes. The preceding sentence to the contrary
notwithstanding:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;In no event shall the adjustment thereby anticipated to account for salary, bonus,
benefits and expenses pertinent to the General Manager or other persons chargeable to GED, as
provided by the preceding sentence, exceed (subject to the single further adjustment specified
clause (ii)&nbsp;of this subparagraph (a)) the salary, bonus, benefits and expenses pertinent to the
General Manager or other such other persons for calendar year 2006 (the &#147;2006
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Aggregate Base Payroll Expense&#148;), unless otherwise mutually approved by FHR and HRI; except
that
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;HRI shall be entitled, on an annual basis and without the consent of FHR, to increase the
2006 Aggregate Base Payroll Expense, on accumulative basis, by an amount equal to the following:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the 2007 GED fiscal year, by a factor of 1.05.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;For the 2008 GED fiscal year, by a factor of 1.08.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;For the 2009 GED fiscal year, by a factor of 1.05.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)&nbsp;For the 2010 GED fiscal year, by a factor of 1.05.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)&nbsp;For the 2011 GED fiscal year, by a factor of 1.05.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E)&nbsp;The FHR monthly member distribution, calculated as hereinabove provided is hereinafter
referred to as the &#147;Adjusted Monthly Fee Amount&#148;; and FHR&#146;s share thereof is hereinafter referred
to as &#147;FHR&#146;s Adjusted Monthly Fee Entitlement&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;For purposes of computing the Adjusted Monthly Fee Amount, no costs, expenses, positions,
functions or similar items which in the past have been incurred by HRI or persons or entities other
than with reference to Midway Slots shall be transferred or assumed by or otherwise chargeable to
GED or Midway Slots.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;For purposes of calendar year 2007, FHR shall be entitled to receive from GED a monthly
member distribution equal to the greater of: (i)&nbsp;FHR&#146;s Adjusted Monthly Fee Entitlement for the
pertinent month, as calculated above; or (ii)&nbsp;the average monthly distribution due FHR based upon
the Minimum Annualized FHR Adjusted 50% Entitlement for calendar year 2007. In turn, the Minimum
Annualized FHR Adjusted 50% Entitlement for calendar year 2007 shall be calculated, as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;The amount of FHR&#146;s share of the net Management Fee pursuant to the Management Agreement
actually paid to FHR for calendar year 2006 multiplied by a factor of 1.05.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;The parties intend that the Minimum Annualized FHR Adjusted 50% Entitlement will be
reconciled, as follows, as of the beginning of each calendar quarter ending in March, June,
September and December during the TERM, against the aggregate of the actual Adjusted Monthly Fee
Amount distributed by GED to FHR, through the end of such calendar quarter, with respect to the
pertinent calendar year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;To the extent that the aggregate of the actual Adjusted Monthly Fee Amount distributed by
GED to FHR through the end of such calendar quarter is a sum less than the sum of FHR&#146;s Adjusted
Monthly Fee Entitlement for the same calendar quarter, HRI shall cause GED to supplement the
distribution due FHR for the final month of such
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">calendar quarter by the amount necessary to reconcile the aggregate of the actual Adjusted
Monthly Fee Amount distributed by GED to FHR, through the end of such calendar quarter is a sum
less than the sum of FHR&#146;s Adjusted Monthly Fee Entitlement for the same calendar quarter; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;To the extent that the aggregate of the actual Adjusted Monthly Fee Amount distributed by
GED to FHR, through the end of such calendar quarter is a sum more than the sum of FHR&#146;s Adjusted
Monthly Fee Entitlement for the same calendar quarter, HRI shall be entitled to cause GED to deduct
from the distribution due FHR for the final month of such calendar quarter such that the aggregate
of the actual Adjusted Monthly Fee Amount distributed by GED to FHR, through the end of such
calendar quarter is equal to the sum of FHR&#146;s Adjusted Monthly Fee Entitlement for the same
calendar quarter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;The parties further anticipate that the aforesaid calculations may require a final
adjustment and reconciliation adjustment as soon as GED closes its books for a particular calendar
year, such adjustment to occur with the first FHR&#146;s Adjusted Monthly Fee Entitlement payment
occurring subsequent to the date when such adjustment is finally calculated.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;FHR shall have the right, at FHR&#146;s expense, to audit the financial books and records of
GED and Midway Slots and to inspect the financial books and records of GED and Midway in order to
verify that the Adjusted Monthly Fee Amount has been properly calculated, provided that such
inspection or audit shall be conducted during normal business hours and with advance notice from
FHR to HRI at least five (5)&nbsp;business days prior to the requested inspection time. In addition HRI
shall continue to provide to FHR upon its preparation the Monthly Financial Review as presented to
the Midway Oversight Board. In addition, HRI shall provide to FHR a copy of the annual audit report
and any other audit reports prepared for GED and/or Midway Slots within five (5)&nbsp;days of the
issuance of the report, which audit and report shall be conducted by a PCAOB registered auditing
firm.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;HRI shall provide to FHR a copy of an preliminary, interim, final, modified, amended or
supplemental report of the results of the Horty and Harty forensic investigation within five (5)
business days of the issuance of such report. In the event the report is verbal, HRI shall provide
FHR with an accurate and detailed summary of the oral report.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;For purposes of each of calendar years 2008 through 2011, FHR shall be entitled, subject
to a quarterly reconciliation adjustment with respect to such year calculated in the same manner
specified by subparagraph (b)(iii) with reference to calendar year 2007, to receive from GED a
monthly member distribution equal to the greater of: (i)&nbsp;FHR&#146;s Adjusted Monthly Fee Entitlement for
the pertinent month or (ii)&nbsp;the average monthly distribution due FHR based upon the Minimum
Annualized FHR Adjusted 50% Entitlement for such calendar year, computed with respect to such
calendar year in accordance with the procedure established for purposes of calendar year 2007 by
subparagraph (b); provided, however, that the 1.05 multiplier specified by subparagraph (b)(ii)
shall, for purposes of calendar year 2008 only, instead be a multiplier of 1.08.
</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;(e)&nbsp;HRI shall cause GED to disburse to FHR each Adjusted Monthly Fee Entitlement on or before
the fourth (4th) Thursday (the &#147;Due Date&#148;) of the calendar month immediately following the calendar
month with respect to which such distribution was calculated; provided, however, that such Due Date
shall be automatically extended, on &#147;a day for a day&#148; basis, in the event that such 4th Thursday is
a recognized Federal holiday or State of Delaware holiday or an Act of God (e.g., extraordinary
weather, power interruption, etc.) prevent HRI from operating in the normal course of its business;
and, if GED fails to make a timely distribution to FUR, as required by the terms of this Agreement,
and HRI fails, within five (5)&nbsp;calendar days, to cause GED to correct the same, FHR shall be
entitled, for each seven (7)&nbsp;calendar day period occurring between the due date for the delinquent
distribution and the date when the distribution to FHR does occur, to a cumulative late payment
penalty equal in amount to five percent (5%) of the delinquent distribution amount, provided that
the acceptance of payment by FHR later than the Due Date shall not constitute or be deemed a waiver
of the right to receive payment on the Due Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;<U>Term</U>. Unless the parties hereto otherwise mutually agree or either parry, acting in accordance
with the terms of this Agreement, terminates or causes the Term of this Agreement to accelerate,
the Term of this Agreement shall be coextensive with and terminate as of the expiration of the
terra of the Management Agreement, namely: August&nbsp;31, 2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;<U>Confidentiality</U>. Neither party hereto shall, prior to the preparation of a mutually acceptable statement, and
parameters pertinent to its dissemination, disclose to any third party (other than the disclosing
party&#146;s counsel and financial advisors) the execution or terms of this Agreement; provided,
however, that this covenant shall not preclude disclosure required by any governmental authority
(including, by way of emphasis and not limitation, the Securities &#038; Exchange Commission, the
Delaware Lottery Office, the Delaware Video Lottery Enforcement Unit, and Federal or State taxing
authorities)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;<U>Compliance</U>. HRI hereby agrees, with reference to FHR&#146;s Nevada Foreign Gaming Reporting Compliance
obligations pertinent to Midway operations during the term of this Agreement, to furnish the
following to FHR:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;On a calendar quarter basis, commencing with the calendar quarter ending on June&nbsp;30, 2007
and for each calendar quarter thereafter through the partial calendar quarter ending on August&nbsp;31,
2011, the information, for such reporting calendar quarter, necessary reasonably to respond to the
&#147;Quarterly Report&#148; form attached hereto as Exhibit 5(a) (such submission being due on or before or
before the 15<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of the second full calendar month immediately following the close of
the pertinent quarterly reporting period); and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;On a calendar year basis, commencing with the calendar year ending on December&nbsp;31, 2007
and for each calendar year thereafter through the partial calendar year ending on August&nbsp;31, 2011,
the information, for such reporting calendar year, necessary reasonably to respond to the &#147;Annual
Report&#148; form attached hereto as Exhibit 5(b) (such submission being due on or before or before the
1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> day of the second full calendar month immediately following the close of the
pertinent yearly reporting period).
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;<U>Indemnification</U>. HRI hereby agrees to defend, indemnify and hold harmless FHR, its employees, agents or
servants, from and against any and all liability, of any kind whatsoever with respect to any claim,
action or other proceeding asserting or establishing liability, in whole or in part, on the part of
FHR and pertaining to the operation of GED at any time prior to or subsequent to the execution of
this Agreement; provided, however, that such indenuufication obligation shall not extend to
liability arising as a result of willful misconduct of FHR, its employees, agents or servants.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;<U>Default</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The following shall be Events of Default:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;The failure by HRI to make any payment on the Due Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;The breach by HRI of any other HRI covenant under the terms of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;The filing of a petition in bankruptcy by or against any of HRI, GED or Midway Slots,
provided that any bankruptcy petition filed against such entity remains pending and not dismissed
30&nbsp;days after the date of Order of Relief, or <I>any </I>composition of creditors, assignment for the
benefit of creditors or proceeding for the protection of or relief from creditors filed by or
against HRI, GED or Midway Slots.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Upon the occurrence of an Event of Default, the parties shall have the following rights:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Upon the failure to make payment when due by Hi l or an event under paragraph 6(a)(iii),
the total amount of the Minimum Annualized FHR Adjusted 50% Entitlement for the remaining Term
shall be immediately due and payable; provided, however, that nothing herein shall relieve or
absolve HRI of the obligation to pay the actual Adjusted Monthly Fee Entitlement due to FHR for the
remainder of the Term.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Upon the occurrence of any other default, there shall be a fifteen (15)&nbsp;day right of cure
following written notice received from the aggrieved party. In the absence of a cure, the parties
shall submit the breach to arbitration as provided below for enforcement of the provision breached.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;For purposes of this Agreement, &#147;Material Uncured Breach&#148; shall mean any event which
allows the rights provided in subparagraph (b)&nbsp;of this paragraph 7.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;<U>Arbitration</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Except for any non-payment of moneys due, for which immediate resort to a court of
competent jurisdiction may be had, any other claim or controversy arising between the Members or
Affiliates thereof pursuant to or connected with this Agreement, shall be submitted to binding
arbitration proceedings to be conducted in Kent County, Delaware and pursuant to the rules of
Commercial Arbitration of the American Arbitration Association. Any such arbitration shall be
conducted by one arbitrator as selected by the parties. In the event that the parties cannot
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">agree on one arbitrator, each party shall select one arbitrator and the two selected
arbitrators shall jointly select a third, who shall preside over the proceedings, in which case a
majority decision of the three arbitrators shall be final and binding. The preceding sentence to
the contrary notwithstanding, either party hereto shall be entitled, in order to enforce any
arbitration award granted to such party pursuant to proceedings undertaken pursuant to the terms of
this paragraph 7, to pursue any and all available remedies, at law or in equity (including, without
limitation, the remedy of injunctive relief).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The failure of any party to seek redress for violation of, or to insist upon the
strict performance of, <I>any </I>provision of this Agreement shall not prevent a subsequent
act, which would have originally constituted a violation, from having the effect of an original
violation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The rights and remedies provided by this Agreement are cumulative and the use of any one
right or remedy by any parry shall not preclude or waive its right to use any or all other
remedies. Such rights and remedies are given in addition to any other rights the parties may have
by law, statute, ordinance or otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Each party in any arbitration or litigation shall be entitled, as determined by the
arbitrator or court (as the case may be), to recover all costs reasonably incurred by such parry in
connection with such proceeding, including attorneys fees, and interest at the then current
statutory &#147;judgment rate&#148; under applicable Delaware law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;<U>Notice</U>. All notices provided for in this Agreement shall be in writing, duly signed by the
party giving such notice, and shall be delivered, telecopied or mailed by registered or
certified mail or by recognized overnight delivery service, as follows:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">If to FHR:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">Full House Resorts, Inc.<BR>
4670 So. Fort Apache Road,<BR>
Suite&nbsp;190 Las Vegas, Nevada 89147<BR>
Attention: Andre M. Hilliou, CEO
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">With a copy to: Thomas D. Walsh, Esq.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">Fox Rothschild LLP<BR>
919 North Market Street Suite&nbsp;1300<BR>
P.O. Box 2323<BR>
Wilmington, DE 19899-2323
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">If to HRI:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">Harrington Raceway, Inc.<BR>
15 West Rider Road<BR>
Harrington, Delaware 19952<BR>
Attention: Patricia B. Key,<BR>
Chief Operating Officer<BR>
&#038; Chief Financial Officer
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">With a copy to:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">Young Conaway Stargatt &#038; Taylor, LLP<BR>
Attention: Robert L. Thomas, Esquire 110 W. Pine Street P.<BR>
O. Box 894<BR>
Georgetown, DE 19947
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All such notices shall be deemed to have been given when received. Either party may modify the
address or person to be notified by written notice to the other delivered in accordance with this
paragraph.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;<U>Interpretation</U>. This Agreement shall be read in conjunction with the GED Operating Agreement and the
Management Agreement, the intention of the parties being that the respective terms of such separate
documents shall reconcile with one another. To the extent that terms of this Agreement
irreconcilably conflict with the terms of the GED Operating Agreement, the terms of this Agreement
shall control; and, to the extent that the terms of this Agreement irreconcilably conflict with the
terms of the Management Agreement, the terms of the Management Agreement shall control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;<U>Severability</U>. The invalidity or unenforceability of any particular provision of this Agreement shall not
affect the other provisions hereof, and this Agreement shall he construed in all respects as if
such invalid or unenforceable provision were omitted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;<U>Counterparts</U>. This Agreement may be executed in any number of counterparts with the same effect as if all
parties hereto had signed the same document. All counterparts shall be construed together and shall
constitute one instrument.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;<U>Integration</U>. This Agreement constitutes the entire agreement among the parties hereto pertaining to the
subject matter hereof and supersedes all prior agreements and understandings pertaining thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;<U>Amendment and Waiver</U>. No amendment of any provision of this Agreement will be valid unless the same will be in
writing and signed by both parties. No waiver by either Party of any default, misrepresentation, or
breach of any covenant hereunder, whether intentional or not, will be deemed to extend to any prior
or subsequent default, misrepresentation, or breach of covenant hereunder or affect in any way <I>any</I>
rights arising by virtue of any prior or subsequent such occurrence.
</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;15.&nbsp;<U>Governing Law</U>. This Agreement and the rights of the parties hereunder shall he interpreted in accordance
with the laws of the State of Delaware, and all rights and remedies shall he governed by such laws
without regard to principles of conflict of laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.&nbsp;<U>Binding Effect</U>. This Agreement shall be binding upon and inure to the benefit of ail of the parties and, to
the extent permitted by this Agreement, their successors, legal representatives and assigns.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written.
</DIV>
<DIV align="center">
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<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Witness/Attest:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FULL HOUSE RESORTS, INC.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
</TR>

<TR valign="bottom">
    <TD valign="top">&nbsp;<DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 10pt; border-bottom: 1px solid #000000"></DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: <u>/s/ Mark J. Miller</u>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Seal)</TD>
</TR>
<TR valign="bottom">
    <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">Name: <u>Mark J. Miller</u></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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: <u>Sr. V.P. &#038; CFO</u></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Witness/Attest:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">HARRINGTON RACEWAY, INC.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
</TR>


<TR valign="bottom">
    <TD valign="top">&nbsp;<DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 10pt; border-bottom: 1px solid #000000"></DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: <u>/s/ Eugene H. Bayard</u>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Seal)</TD>
</TR>



<TR valign="bottom">
    <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">Name: <u>Eugene H. Bayard</u></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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: <u>Chairman</u></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>GAMING ENTERTAINMENT (DELAWARE)&nbsp;L.L.C.</B></U><BR>
<U><B>MANAGEMENT REORGANIZATION AGREEMENT</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>Exhibit&nbsp;5(a)</B></U><BR>
<U><B>Quarterly Reporting Form</B></U>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</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>HARRINGTON RACEWAY, INC.<BR>
QUARTERLY REPORT<BR>
TO ASSIST FULL HOUSE RESORTS, INC.<BR>
IN ITS NEVADA FOREIGN GAMING REPORTING COMPLIANCE</B>
</DIV>


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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>(a) </I></B>Changes in Ownership or Control. <B><I>Describe any changes in ownership or
control of any interest in Harrington Raceway, Inc, which is in an amount greater than 4% of the
outstanding shares of Harrington Raceway, Inc.. For individuals, please state their name, date of</I></B>
<I>birth, </I><B><I>social security number, business and residence addresses, and title and duties, if any, with
Midway Slots.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>If none, CHECK HERE <FONT face="Wingdings">&#111;</FONT>.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>(b) </I>Changes in Officers, Directors or Key Employees. <I>Describe any changes in
officers, directors or key </I><B><I>employees </I></B><I>of Harrington Raceway, inc. or Midway Slots earning $75,000 or
more. </I><B><I>For individuals, please </I></B><I>state their name, date of birth, social security number, business and
residence addresses, and title and duties with Midway Slots.</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>If none, CHECK </I><B><I>HERE </I></B><I><FONT face="Wingdings">&#111;</FONT>.</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>(c) </I>Gaming Complaints, Disputes and Disciplinary Actions Related to Gaming. <I>List</I>
<B><I>and </I></B><I>describe in </I><B><I>detail all </I></B><I>complaints, disputes, </I><B><I>orders to show cause and disciplinary actions
related to gaming, instituted or presided over by </I></B><I>an entity of the United States, a state or any
other governmental jurisdiction concerning the foreign </I><B><I>operation. </I></B><I>For each matter, please provide
details of the factual and legal basis for such actions, the case number, the identity of the
jurisdiction, the name of the regulatory agency </I><B><I>and the </I></B><I>position of Harrington Raceway, Inc.
regarding the matter (to wit, contest citation, agree with cited violation, agree that violation
occurred, but not severity, etc.)</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>If none, CHECK </I><B><I>HERE <FONT face="Wingdings">&#111;</FONT></I></B><I>.</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</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;<I>(d) </I>Employee Arrests. <I>List </I><B><I>and describe in </I></B><I>detail any </I><B><I>arrest of </I></B><I>any employee of </I><B><I>Midway</I></B>
<I>Slots </I><B><I>or Harrington Raceway, Inc. involving cheating or </I></B><I>theft </I><B><I>related to gaming. For </I></B><I>each matter,</I>
<B><I>provide the employee </I></B><I>name, date </I><B><I>of birth, </I></B><I>social security </I><B><I>number, </I></B><I>business and </I><B><I>residence </I></B><I>address,</I>
<B><I>title and duties with Harrington or Midway </I></B><I>Also </I><B><I>provide </I></B>the <I>factual and legal basis for such
arrest, case number, the identity of the jurisdiction, the name of the regulatory agency and the
position of Harrington Raceway regarding the matter (as in previous question).</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>If none, CHECK HERE </I><FONT face="Wingdings">&#111;</FONT><I>.</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>(e) </I></B>Arrest/Conviction of Officer, Director, Key Employee or Equity Owner. <B><I>List and
describe in detail any arrest or conviction of an officer, director, key employee (earning $75,000
or more) or equity owner of the foreign operation for an offense that would constitute a gross
misdemeanor or felony in Nevada. For each matter, provide the individuals name, date of birth,
social security number, business and residence addresses, title and duties with the foreign
operation. Also provide the factual and legal basis for such arrest/conviction, case number, the
identity of the jurisdiction, the name of the regulatory agency and the Nevada licensee&#146;s position
regarding the matter.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>If none, CHECK HERE <FONT face="Wingdings">&#111;</FONT>.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Number of additional pages attached hereto: &#95;&#95;&#95;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I certify that the information in this Quarterly Report is true and correct and that I am
authorized to issue this certified report on behalf of Harrington Raceway, Inc.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->12<!-- /Folio -->
</DIV>

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

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>GAMING ENTERTAINMENT (DELAWARE)&nbsp;L.L.C. MANAGEMENT <BR>REORGANIZATION AGREEMENT</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>Exhibit&nbsp;5(b)</B></U><BR>
<U><B>Annual Reporting Form</B></U>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</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>HARRINGTON RACEWAY, INC.<BR>
ANNUAL REPORT<BR>
TO ASSIST FULL HOUSE RESORTS, INC.<BR>
IN ITS NEVADA FOREIGN GAMING REPORTING COMPLIANCE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">1. <U>Annual Report</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>(a) </I>Compliance with, or Revisions or Modifications to Systems of Accounting, Internal Controls
<I>and Audit </I>Procedures. <B><I>Identify any non- compliance by </I></B><I>Midway Slots with its Systems of </I><B><I>Accounting,
Internal </I></B><I>Controls </I><B><I>and Audit </I></B><B>Procedures. </B><B><I>Attach any supporting documentation regarding </I></B><B>the </B><B><I>review </I></B><B>of
these </B><B><I>systems. </I></B><I>State and detail any revisions or modifications to Midway Slots&#146; Systems of
Accounting, Internal Controls and Audit Procedures.</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>If </I><B><I>none, CHECK HERE </I></B><I><FONT face="Wingdings">&#111;</FONT>.</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>(b) </I></B>Compliance with, or Revisions or Modifications to Surveillance Procedures. <B><I>Identify </I></B><I>any
non- </I><B><I>compliance </I></B><I>by </I><B><I>Midway Slots with its Surveillance Procedures. Attach any supporting</I></B>
<B>documentation </B><B><I>regarding the review </I></B><B>of </B><B><I>these </I></B><I>systems. State and detail </I>any revisions or
<I>modifications to Midway Slots&#146; </I><B><I>surveillance procedures.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>If none, CHECK HERE <FONT face="Wingdings">&#111;</FONT></I></B><I>.</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Number of additional pages attached hereto: ____, _____
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I certify that the information in this Annual Report is true and correct and that I am
authorized to issue this certified report on behalf of Harrington Raceway, Inc.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</DIV>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a31394exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U><B>EXHIBIT 99.1</B></U>
</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 RESTRUCTURING OF MIDWAY SLOTS AGREEMENT</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Las Vegas &#151; June&nbsp;19, 2007 &#151; Full House Resorts (AMEX: FLL) announced today the restructuring
of its management contract at Midway Slots and Simulcast in Harrington, Delaware. Full House has
agreed with Harrington Raceway, Inc., the owner of the property and an equal partner with Full
House in the management company, to allow Harrington Raceway greater flexibility and control in the
management of the facility while providing Full House with guaranteed growth in its share of the
management fee for the remaining term of the management contract, which expires in August&nbsp;2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Full House Resorts will continue to receive management fees as currently prescribed under the
management agreement, with a minimum guaranteed growth factor of 5% per year over the previous
year, with 2006 as the base year. However, the minimum guaranteed growth factor in 2008 will be 8%
to account for the opening of the facility expansion currently underway.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Andre M. Hilliou, Chief Executive Officer of Full House Resorts, said: &#147;This is part of the natural
progression in management agreements where the owner has operating expertise in other fields and
plays an active role in the strategic direction of the property. This agreement will provide us
with a guaranteed growth rate in fees over the remaining term of the management agreement, thus
insulating the Company from potential competitive pressures in and around Delaware. But perhaps
more importantly, our management team will be able to focus more on substantial new growth
opportunities such as the Huron Michigan project which may break ground later this year and
additional acquisition opportunities. We appreciate the great relationship we have enjoyed with
our partners at Harrington Raceway and look forward to continued success at the Midway Slots and
Simulcast facility.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Eugene H. Bayard, Chairman of Harrington Raceway, said: &#147;We are truly grateful to Full House and
its previous partner for the development and funding of our facility and for their management to
date, which has made this a first class gaming operation. However, now is the time for Harrington
Raceway to begin managing our business and we believe this agreement serves the interests of all
parties.&#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
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">management agreement with the Nottawaseppi Huron Band of Potawatomi Indians for the development and
management of a first-class casino/resort with more than 2,000 gaming devices in the Battle Creek,
Michigan area. 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, it&#146;s 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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