secwatch.observer — SEC 8-K summary
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Issuer:     FULL HOUSE RESORTS INC (FLL)
CIK:        0000891482
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0000891482-23-000002
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891482/000089148223000002/0000891482-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891482/000089148223000002/fll-20230118x8k.htm
  HTML page:      https://secwatch.observer/filing/0000891482-23-000002

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