Full House Resorts
Full House Resorts Announces New Leadership for Rising Star Casino Resort
Full House Resorts, Inc. announced that it has named Jeff Michie as vice president and general manager of its Rising Star Casino Resort in Rising Sun, Indiana, subject to customary gaming approvals. Mr. Michie will replace Angi Truebner-Webb who, as previously reported, will become the general manager of the Company’s Silver Slipper Casino Hotel in Hancock County, Mississippi.
Mr. Michie joins Rising Star from Casino del Sol, a large casino resort in Tucson, Arizona. As the chief financial officer of Casino del Sol, Mr. Michie oversaw the property’s finance, surveillance and golf course departments. Mr. Michie has also served in senior management positions at several casinos that directly compete with Rising Star, including as the senior vice president of operations and finance of Hard Rock Casino Cincinnati, and as assistant general manager and CFO for Belterra Casino Resort & Spa. During his extensive career, Mr. Michie has also served as general manager for several properties, including the Belle of Baton Rouge Casino & Hotel in Baton Rouge, Louisiana, and the Horizon Casino & Hotel in Vicksburg, Mississippi. He earned his bachelor’s degree in finance and public administration from San Diego State University. He has also been a long-time resident of nearby Lawrenceburg, Indiana.
In connection with his hiring, the compensation committee of the Company’s board of directors (the “Compensation Committee”) approved a grant of an inducement equity award of 19,921 restricted shares to Mr. Michie. Subject to his continuing service through the vesting dates, one-third of the total number of shares granted will vest on each of November 11, 2025, 2026, and 2027, the anniversary dates of Mr. Michie’s commencement of employment and the grant of restricted shares.
Additionally, in connection with their hirings, the Compensation Committee approved grants of inducement equity awards to two additional employees: Kimberly Bender and Katelynn May were each granted 4,107 restricted shares. For both Ms. Bender and Ms. May, one-third of the total number of shares granted will vest on each of November 12, 2025, 2026, and 2027, subject to their continuing service through the vesting dates, which are the anniversary dates of the grants of restricted shares.
The awards were granted outside of the Company’s 2015 Equity Incentive Plan and were approved by the Compensation Committee in accordance with Nasdaq Listing Rule 5635(c)(4) as a material inducement to the above individuals’ entry into employment with the Company.
Alex Stolyar
Sports Betting Venture Circa Sports Launches in Illinois
Sports betting venture Circa Sports has officially launched in the Illinois sports betting market. Marking the fourth and largest state for the brand from Las Vegas casino developer Derek Stevens, Circa Sports Illinois is now available via mobile betting app and has debuted a brick-and-mortar sportsbook within the new American Place in Waukegan in partnership with Full House Resorts Inc.
“The debut of Circa Sports Illinois is a tremendous moment for our company, and we are thrilled to have worked with this great state and Full House Resorts to bring the expansion to life. There’s nothing like a Midwest sports fan and we know our product matches up with what they are looking for in a betting experience,” Stevens said.
On October 4 at 2:30 pm, Chicago sports legend Brian Urlacher will join the Circa Sports team to celebrate the new book at American Place. This will include meet-and-greets with Urlacher along with him placing a sports bet.
Using the mobile Circa Sports app, bettors are now able to register, fund and wager on sports from anywhere in the state. Offering a new low-hold model for Illinois, Circa Sports offers some of the best odds in the country and is helmed by some of the industry’s top professionals. Limits are the same for every player, whether the bettor is a novice or a sharp.
The brand’s sports book in American Place features a dedicated wagering area with betting kiosks, physical ticket windows and digital boards with real-time odds. Bettors can catch all the sports action on 36 televisions, ranging from 60″ to 80″ screens. The book is located in the temporary casino Full House Resorts is operating while constructing the permanent American Place casino. Circa Sports also will launch a best-in-class retail sportsbook in the permanent American Place matching the quality and scale of the casino development.
Alex Stolyar, Chief Development Officer of Full House Resorts, said: “We are thrilled for Circa Sports to launch their best-in-class sportsbook in Illinois in partnership with our American Place Casino. The premium sportsbook gives new and existing casino customers throughout Chicagoland one more reason to visit and frequent American Place.”
Canada
Full House Resorts Appoints John Ferrucci as COO
Full House Resorts Inc has announced the promotion of John Ferrucci to the newly-created position of Senior Vice President and Chief Operating Officer, subject to finalization of a new employment agreement between the Company and Mr. Ferrucci related to such position.
As COO, Mr. Ferrucci will oversee the Company’s efforts to open The Temporary at American Place until a permanent general manager is selected, continue to serve as General Manager of Silver Slipper Casino Hotel in Hancock County, Mississippi, and will oversee operations for the Company’s other properties.
Mr. Ferrucci began his career at Harrah’s Atlantic City as a table games dealer, working his way up to a casino credit executive. He subsequently served as casino manager for Lucayan Beach Resort and Casino in the Bahamas before moving to Mississippi, where he opened both the Grand Casino in Gulfport and the Grand Casino in Biloxi. In 1996, Mr. Ferrucci became the general manager of the New Palace Casino in Biloxi before returning to the Northeast to help develop and open a Native American casino. In 2000, Mr. Ferrucci became Vice President and General Manager of Casino Magic Biloxi, which was the first casino hotel in Mississippi to receive the AAA Four-Diamond Service Award. In 2004, Mr. Ferrucci joined the development team for the Company’s Silver Slipper property, where he worked with architects, engineers, and designers to help develop and open the property, including the subsequent addition of a 129-guestroom hotel in 2015. Mr. Ferrucci is a graduate of Trenton State College in New Jersey, where he received his Bachelor of Science degree in marketing and a Master of Education degree.
Additionally, the Company provided an update on its American Place project in Waukegan, Illinois. The Company recently entered into an agreement to purchase approximately 10 acres of land adjoining the approximately 30-acre casino site to be leased from the city, providing space for additional parking and access to the casino site from a major road.
The Company also recently agreed to purchase a Sprung tent structure, which has an area of approximately 1.5 football fields and will house the temporary casino at American Place while the permanent facility is being constructed. Aptly named The Temporary by American Place, it is slated to include approximately 1000 slot machines, 50 table games, a fine-dining restaurant, two additional restaurants, and a center bar. The Sprung tent structure is expected to arrive on-site between late-March and late-April 2022, and opening of The Temporary is expected to occur this upcoming summer, pending customary gaming approvals. On March 15, 2022, the Company is holding a career fair to begin interviewing applicants for available jobs throughout The Temporary.
“I am pleased to promote John Ferrucci to our new role of Chief Operating Officer. Under his leadership, the Silver Slipper has reached new levels of profitability. He has helped develop talent throughout our company, including acting as a mentor for the general managers of Bronco Billy’s and Rising Star. His hands-on management style, as well as his experience in opening four casinos, will serve us well as we prepare for new levels of growth, beginning with our planned opening of The Temporary this summer,” Daniel R. Lee, President and Chief Executive Officer of Full House Resorts, said.
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