Brief: Full House Resorts Provides Company Update

Full House Resorts

17/04/2020 22:04

April 17 (Reuters) - Full House Resorts Inc  FLL.O :
    * FULL HOUSE RESORTS PROVIDES COMPANY UPDATE
    * FULL HOUSE RESORTS INC - REDUCTION IN NUMBER OF ACTIVE
EMPLOYEES
FROM APPROXIMATELY 1,600 TO APPROXIMATELY 30 TODAY
    * FULL HOUSE RESORTS - DEFERRAL OF 1/3 OF MANAGEMENT
SALARIES
UNTIL AT LEAST 4 OF OUR CASINOS, INCLUDING SILVER SLIPPER CASINO
AND HOTEL, HAVE REOPENED
    * FULL HOUSE RESORTS INC - AT DECEMBER 31, 2019, WE HAD
APPROXIMATELY $29.9 MILLION OF CASH AND EQUIVALENTS
    * FULL HOUSE RESORTS INC - AS OF APRIL 17, 2020, CASH AND
CASH
EQUIVALENTS AMOUNT WAS APPROXIMATELY $21.4 MILLION
    * FULL HOUSE RESORTS INC - SHUTDOWN OF PHASE ONE GROWTH
PROJECT AT
BRONCO BILLY'S CASINO AND HOTEL IN CRIPPLE CREEK, COLORADO
    * FULL HOUSE RESORTS INC - BELIEVE COMPANY HAS SUFFICIENT
LIQUIDITY TO ENDURE THIS TEMPORARY SHUTDOWN FOR SEVERAL MONTHS
    * FULL HOUSE RESORTS INC - LENDERS RECENTLY AGREED TO WAIVE
RELEVANT MARCH 31 COVENANTS IN OUR LOAN AGREEMENTS IN
RECOGNITION OF CIRCUMSTANCES
    * FULL HOUSE RESORTS INC - EXPECT TO HAVE AGREEMENT WITH
LENDERS
EXECUTED IMMINENTLY
    * FULL HOUSE RESORTS INC - HAVE ALSO BEEN DISCUSSING AMENDED
COVENANT LEVELS FOR QUARTERS BEYOND Q1

Source text for Eikon:  ID:nGNX9D9yX6 
Further company coverage:  FLL.O 

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