Full House Resorts (FLL) Announces $1 Million Stock Buyback Program
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Full House Resorts (AMEX: FLL) announced that its Board has authorized a program to repurchase up to $1,000,000 worth of shares of the Company's common stock.
"The Board of Directors believes that Full House's common stock is undervalued in the marketplace and represents a sound investment at its recent trading prices," said Full House Chief Executive Officer Andre Hilliou. "While the Company continues to pursue acquisitions as previously announced, management and the Board of Directors believe this is a prudent use of a modest amount of our excess cash. The Board and management are confident in the future of Full House and believe this repurchase program to be in the best interest of the Company and its stockholders."
Full House owns, develops and manages gaming facilities. Full House owns the Stockman's Casino in Fallon, Nevada which has 8,400 square feet of gaming space with approximately 260 gaming machines, four table games and a keno game.
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