Grand Victoria Casino and Resort is Acquired by Full House Resorts

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PRESS RELEASE

April 01, 2011

Full House Resorts announced today that it has completed the purchase of all of the operating assets of the Grand Victoria Casino & Resort, located in Rising Sun, Indiana. As planned, the Company applied approximately $19 million in cash and drew $33 million on its $38 million credit facility in completing the transaction.

"We are excited to complete the transaction and officially bring the Grand Victoria into the Full House Resorts family," said Andre M. Hilliou, Chairman and Chief Executive Officer of Full House. "With our experience and knowledge in managing local and regional properties, we believe we can further improve the Grand Victoria's profitability and create additional long-term shareholder value. We want to especially thank HGMI Gaming Inc., as well as all Grand Victoria team members, for their assistance and professionalism during this transaction."

The Grand Victoria Riverboat Casino has 40,000 square feet of gaming space with almost 1,300 slot and video poker machines and 37 table games. The property includes a 201-room hotel with spa, pool, meeting space and a pavilion with five food and beverage outlets, including a fine dining restaurant, buffet, sports bar, quick service restaurant and coffee shop and a large, multi-purpose Grand Theater for concerts and performance events as well as meetings and conventions. The 300-acre grounds also contain an 18-hole Scottish links golf course with full-service clubhouse. The property is conveniently located within driving distance of Indianapolis and Cincinnati, Ohio and near Lexington and Louisville, Kentucky.

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