Full House Resorts (FLL) says expression of interest reflects price that is significantly below recent and past trading

Go back to Full House Resorts (FLL) says expression of interest reflects price that is significantly below recent and past trading

Full House Resorts Acknowledges Published Expression of Interest From Z Capital Partners

October 22, 2018 12:17 PM EDT

LAS VEGAS, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Full House Resorts (Nasdaq: FLL) acknowledged the expression of interest made publicly this morning by Z Capital Partners.  This is the first time that the Company has been made aware of Z Capitals interest.  Its Board of Directors intends to consider the expression of interest in due course. 

The Company noted, however, that the expression of interest reflects a price that is significantly below recent and past trading of its stock and well below most expectations for the value of the company.  The Company... More

Z Capital Partners and Affinity Gaming Proposes to Acquire Full House Resorts

October 22, 2018 8:00 AM EDT

NEW YORK and LAS VEGAS, Oct. 22, 2018 /PRNewswire/ -- Z Capital Partners ("Z Capital"), a leading alternative asset manager of private equity and credit funds, and its affiliate, Affinity Gaming ("Affinity"), today announced a proposal to acquire Full House Resorts ("Full House" or the "Company") (Nasdaq: FLL), a leading owner, developer and operator of gaming facilities throughout the country. 

The proposed transaction would be structured as a cash or stock transaction with an enterprise value of the Company of $132.5 million, which equates to $1.79 per share on a fully diluted basis.... More