UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): September 5, 2003

 

 

 

This current report on Form 8-K is filed by Full House Resorts, Inc., a Delaware corporation, in connection with the acquisition of approximately eighty acres of land near Battle Creek, Michigan, that is intended for the proposed casino development of the Nottawaseppi Band of Huron Potawatomi.

 

 

Item 2.           Acquisition or Disposition of Assets.

 

On September 5, 2003, Full House Resorts, Inc. and RAM Entertainment, LLC jointly acquired an eighty acre site located near Battle Creek, Michigan for $3,858,830. Our joint venture company, Gaming Entertainment (Michigan), LLC, purchased the land from Robert and Marilyn Sackrider, who have used the land for farming.  The land is being held pending the resolution of litigation concerning the notice by the Bureau of Indian Affairs of its intent to take the land into trust for the Nottawaseppi Band of Huron Potawatomi Indians.  Upon favorable resolution of the litigation, Gaming Entertainment Michigan will transfer the land to the Bureau of Indian Affairs to hold in trust for the tribe.  Our joint venture company has an agreement to develop, finance and manage a gaming facility for the tribe. The tribe had previously entered into an option agreement, as amended, with the sellers of the land granting the tribe the option to purchase the land or to authorize our joint venture company to purchase the land. In August 2003, the tribe authorized our joint venture company to purchase the land pursuant to the option agreement and our joint venture company agreed to exercise the option. We contributed half of the purchase price from cash on hand and RAM Entertainment contributed the other half of the purchase price.

 

 

Item 7.           Financial Statements and Exhibits.

 

(a)                                  Financial Statements of Business Acquired.

 

Not applicable

 

(b)                                 Pro Forma Financial Information

 

Not applicable

 

(c)                                  Exhibits.

 

10.62		Agreement between the Nottawaseppi Huron Band of Potawatomi Indians and Gaming Entertainment Michigan, LLC dated August 12, 2003.
10.63		Agreement between Full House Resorts, Inc. and RAM Entertainment, LLC dated September 4, 2003.
10.64		Option to Purchase Real Estate; Right of First Refusal, dated September 9, 1999, as amended September 9, 2002 between the Nottawaseppi Huron Band of Potawatomi and Robert and Marilyn Sackrider.
99.1		Press Release dated September 10, 2003.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, Full House Resorts, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	FULL HOUSE RESORTS, INC.
Date: September 12, 2003	By:	/s/ Michael P. Shaunnessy
		Michael P. Shaunnessy
		Chief Financial Officer

 

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INDEX TO EXHIBITS

 

Exhibit Number		Description of Exhibit
10.62		Agreement between the Nottawaseppi Huron Band of Potawatomi Indians and Gaming Entertainment Michigan, LLC dated August 12, 2003.
10.63		Agreement between Full House Resorts, Inc. and RAM Entertainment, LLC dated September 4, 2003.
10.64		Option to Purchase Real Estate; Right of First Refusal, dated September 9, 1999, as amended September 9, 2002 between the Nottawaseppi Huron Band of Potawatomi and Robert and Marilyn Sackrider.
99.1		Press Release dated September 9, 2003.

 

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