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<SEC-DOCUMENT>0000950123-10-005421.txt : 20100127
<SEC-HEADER>0000950123-10-005421.hdr.sgml : 20100127
<ACCEPTANCE-DATETIME>20100126202002
ACCESSION NUMBER:		0000950123-10-005421
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100126
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Material Impairments
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100127
DATE AS OF CHANGE:		20100126

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:		10548891

	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>c95038e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



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


<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

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

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): January 26, 2010</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>FULL HOUSE RESORTS, INC.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>1-32583</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>13-3391527</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>4670 S. Fort Apache Road, Suite 190<BR>Las Vegas, Nevada<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>89147</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>702-221-7800</B>


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>&nbsp;</B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


<P>
<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>

</DIV>

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

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="left" style="font-size: 10pt"><B>Section&nbsp;2 &#150; Financial Information</B>


<P>
<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="3%" nowrap align="left"><B>Item&nbsp;2.02</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Results of Operations and Financial Condition.</B></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">The information included in Item&nbsp;2.06 of this Current Report on Form 8-K is incorporated by reference into this item
2.02.


<P>
<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="3%" nowrap align="left"><B>Item&nbsp;2.06</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Material Impairments.</B></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">On January, 26, 2010, Full House Resorts, Inc. (the &#147;Company&#148;) concluded that the Company is required under generally
accepted accounting principles to record a pre-tax, non-cash impairment charge of $728,000, the total investment in the
Northern Cheyenne management and development project in Montana. The Company intends to continue working with the
Northern Cheyenne Nation to pursue the development of a casino near Lame Deer, Montana. However, based on current
economic conditions including a difficult credit market for greenfield projects, the Company has determined that both
the timing and feasibility of this project are difficult to determine. As a result, the Company believes that its
receivable and contract rights are more appropriately classified as not recoverable. The impact of the impairment,
which will be recorded in the fourth quarter of 2009, is expected to have a $480,000 negative impact on net income, or
approximately $0.03 earnings per share for the quarter. The Company expects to report earnings exclusive of the
impairment charge of approximately $0.07 and $0.28 for the quarter and year ending December&nbsp;31, 2009, respectively.
The Company does not expect this charge to result in future cash expenditures.


<P align="left" style="font-size: 10pt">The press release issued by the Company in connection with the impairment is included in Exhibit&nbsp;99.1 and incorporated
herein by reference.


<P align="left" style="font-size: 10pt">Certain statements in this report are &#147;forward-looking&#148; statements within the meaning of the Private Securities
Litigation Reform Act of 1995 with respect to future events and financial performance. These forward-looking statements
involve risks and uncertainties. Actual results may differ materially from those contemplated (expressed or implied) by
such forward-looking statements, because of, among other things, the risks and uncertainties found in the Company&#146;s
other SEC filings, including the risk factors identified under the heading &#147;Risk Factors&#148; and &#147;Management&#146;s Discussion
and Analysis of Financial Condition and Results of Operations&#148; in the Company&#146;s most recent Annual Report on Form 10-K,
as updated by the Company&#146;s Quarterly Reports on Form 10-Q.


<P align="left" style="font-size: 10pt"><B>Section&nbsp;9 &#150; Financial Statements and Exhibits</B>


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>


<P align="left" style="font-size: 10pt">(d)&nbsp;Exhibits


<P align="left" style="font-size: 10pt; text-indent: 4%">99.1 Press release issued by the Company on January&nbsp;26, 2010.


<P align="center" style="font-size: 10pt">2

<P align="center" style="font-size: 10pt; display: none">2
</DIV>

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<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt; text-indent: 4%">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.



<P align="left" style="margin-left:46%; font-size: 10pt"><B>Full House Resorts, Inc.</B>


<P align="left" style="font-size: 10pt">Date: January&nbsp;26, 2010



<P align="left" style="margin-left:46%; font-size: 10pt; margin-top: -11pt"><U>/s/ Barth F. Aaron&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>

<DIV align="left" style="margin-left:46%; font-size: 10pt">Barth F. Aaron<BR>
Secretary/General Counsel
</DIV>

<P align="center" style="font-size: 10pt">3

<P align="center" style="font-size: 10pt; display: none">3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" 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">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release issued by the Company on January&nbsp;26, 2010.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">4

<P align="center" style="font-size: 10pt; display: none">4




</DIV>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c95038exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 99.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">


<P align="right" style="font-size: 10pt">EXHIBIT 99.1



<P align="justify" style="font-size: 10pt"><I>For Immediate Release</I>


<P align="center" style="font-size: 10pt"><U><B>FULL HOUSE RESORTS TO RECORD FOURTH QUARTER 2009 IMPAIRMENT<br>CHARGE RELATED TO NORTHERN CHEYENNE PROJECT</B></U>



<P align="justify" style="font-size: 10pt">Las Vegas, Nevada &#150; January&nbsp;26, 2010 &#150; Full House Resorts (NYSE Amex US: FLL) announced today that it has concluded
that the company is required under generally accepted accounting principles to record a pre-tax, non-cash impairment
charge of $728,000, the total investment in the Northern Cheyenne management and development project in Montana. The
company intends to continue working with the Northern Cheyenne Nation to pursue the development of a casino near Lame
Deer, Montana. However, based on current economic conditions including a difficult credit market for greenfield
projects, the company has determined that both the timing and feasibility of this project are difficult to determine.
As a result, the company believes that its receivable and contract rights are more appropriately classified as not
recoverable. The impact of the impairment, which will be recorded in the fourth quarter of 2009, is expected to have a
$480,000 negative impact on net income, or approximately $0.03 earnings per share for the quarter. The company expects
to report earnings exclusive of the impairment charge of approximately $0.07 and $0.28 for the quarter and year ending
December&nbsp;31, 2009, respectively.


<P align="justify" style="font-size: 10pt">About Full House Resorts, Inc.:


<P align="justify" style="font-size: 10pt">Full House owns, develops and manages gaming facilities. The Company owns Stockman&#146;s Casino in Fallon, Nevada which has
8,400 square feet of gaming space with approximately 260 gaming machines, four table games and a keno game.&nbsp; The casino
has a bar, a fine dining restaurant and a coffee shop. Full House has a management agreement with the Nottawaseppi
Huron Band of Potawatomi Indians for FireKeepers Casino in Battle Creek, Michigan with 2,680 gaming devices, 78 table
games and a 120-seat poker room.&nbsp;&nbsp;For&nbsp;further information, go to <U>www.FireKeepersCasino.com</U>.&nbsp; Full House also
receives a guaranteed fee from the operation of Harrington Raceway and Casino at the Delaware State Fairgrounds in
Harrington, Delaware. Harrington Raceway and Casino has a total of approximately 2,100 gaming devices, a buffet,
gourmet steakhouse, other food and beverage outlets and an entertainment lounge.&nbsp; Further information about Full House
Resorts can be viewed on its website at <U>www.fullhouseresorts.com</U>.


<P align="center" style="font-size: 10pt"># # #



<P align="justify" style="font-size: 10pt">For further information, contact:


<P align="justify" style="font-size: 10pt">Mark Miller, Chief Operating and Financial Officer
<BR>
Full House Resorts, Inc.
<BR>
702-221-7800
<BR>
<U>www.fullhouseresorts.com</U>


<P align="justify" style="font-size: 10pt">Or


<P align="justify" style="font-size: 10pt">William R. Schmitt
<BR>
Integrated Corporate Relations
<BR>
203-682-8200
<BR>
<U>investors@fullhouseresorts.com</U>


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

<P align="center" style="font-size: 10pt; display: none">




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