Full House Resorts
 |
|
| Public | |
| Traded as | NASDAQ: FLL |
| Industry | Gaming |
| Founded | 1987 |
| Headquarters | Spring Valley, Nevada |
|
Number of locations
|
5 casinos |
|
Key people
|
Allen Paulson (CEO, 1994-2000) Lee Iacocca (director) Dan Lee (CEO) |
| Revenue | $144.7 million (2013) |
| $3.0 million (2013) | |
| $-4.0 million (2013) | |
|
Number of employees
|
1,116 full-time, 280 part-time |
| Website | fullhouseresorts |
Full House Resorts, Inc. is a casino developer and operator based in Spring Valley, Nevada, in the Las Vegas Valley. It is known for the involvement of Gulfstream Aerospace founder Allen Paulson, who was CEO from 1994 to 2000, and former Chrysler chairman Lee Iacocca, who has been a major investor in the company since 1995. Dan Lee has served as CEO since 2014.
Hour Corp. was formed in 1987, and then renamed to D.H.Z. Capital Corp.
In 1992, the company changed its name to Full House after buying the Deadwood Gulch Resort, a hotel and casino in Deadwood, South Dakota. The resort was expanded in 1994 with an RV park and a family fun center, Gulches of Fun. By 1996, the company determined that Deadwood's remote location and low betting limits were too limiting, so it put the resort on the market, selling it to a group of South Dakota businessmen in 1998 for $6 million.
Full House made its initial public offering on the NASDAQ Small Cap Market in 1993, raising $8 million.
Allen Paulson, founder of Gulfstream Aerospace and thoroughbred racehorse breeder, bought a 17.5 percent stake in the company in March 1994, and was named chairman and CEO in August.
The Coquille Indian Tribe chose Full House in 1994 from fifteen potential investors to develop a casino in North Bend, Oregon. Built in a former plywood mill, The Mill opened in May 1995. The company financed the construction in exchange for 26 percent of the profits through 2002.
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Wikipedia