---
schema_version: "secwatch.filing_event.v1"
accession: "0000891482-23-000002"
form_type: "8-K"
ticker: "FLL"
cik: "0000891482"
company_name: "FULL HOUSE RESORTS INC"
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T12:09:59.803524+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Full House Resorts signs development agreement and 99-year ground lease for American Place casino in Waukegan, IL

## Summary
- FHR-Illinois subsidiary and City of Waukegan signed Development Agreement for temporary and permanent casino facilities.
- Temporary casino construction to complete by Jan 1, 2023; permanent casino within 36 months of temporary opening.
- 99-year triple-net ground lease with annual rent equal to greater of $3M or 2.5% of adjusted gross receipts.
- FHR-IL has option to purchase the 31.7-acre city-owned parcel for $30M at any time during lease term.
- Agreement requires $150k for public works/safety for temporary opening and $500k annual charitable contributions after permanent opening.

## SEC filing metadata
- accession: 0000891482-23-000002
- form_type: 8-K
- ticker: FLL
- cik: 0000891482
- company_name: FULL HOUSE RESORTS INC
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/891482/000089148223000002/0000891482-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/891482/000089148223000002/fll-20230118x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000891482-23-000002
- JSON: https://secwatch.observer/filing/0000891482-23-000002.json
- Plain text: https://secwatch.observer/filing/0000891482-23-000002.txt

## Key facts
- Material Agreements
  FULL HOUSE RESORTS INC entered into Ground Lease with City of Waukegan, Illinois (effective 2023-01-18).
  - Action: entry
  - Agreement: lease
  - Counterparty: City of Waukegan, Illinois
  - Effective: 2023-01-18
  source text: tem 1.01 Entry into a Material Definitive Agreement ​ American Place Development Agreement On January 18, 2023, Full House Resorts, Inc.’s (the “Company’s”) wholly-owned subsidiary, FHR-Illinois, LLC, a Delaware limited liability company (“FHR-IL”), and the City of Waukegan, Illinois (the “City”) entered into a Development and Host Community Agreement (the “Development Agreement”) related to FHR-IL’s development, construction and operation of a temporary casino facility (“The Temporary”) and a permanent casino facility (“American Place”) in Waukegan, Illinois.
  evidence_url: https://www.sec.gov/Archives/edgar/data/891482/000089148223000002/0000891482-23-000002-index.htm
- Material Agreements
  FULL HOUSE RESORTS INC entered into Development and Host Community Agreement with City of Waukegan, Illinois (effective 2023-01-18).
  - Action: entry
  - Counterparty: City of Waukegan, Illinois
  - Effective: 2023-01-18
  source text: On January 18, 2023, Full House Resorts, Inc.’s (the “Company’s”) wholly-owned subsidiary, FHR-Illinois, LLC, a Delaware limited liability company (“FHR-IL”), and the City of Waukegan, Illinois (the “City”) entered into a Development and Host Community Agreement (the “Development Agreement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/891482/000089148223000002/0000891482-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.