secwatch.observer — SEC 8-K summary
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Issuer:     FULL HOUSE RESORTS INC (FLL)
CIK:        0000891482
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0000891482-24-000037
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.45
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Full House Resorts sells Stockman's Casino for $9.2M to focus on larger properties
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- Total gross proceeds of $9.2M: $7.0M for real property (close late-Sept 2024) and $2.2M for remaining operating assets (upon gaming approvals).
- Buyer is Clarity Game LLC, led by Michael Gaughan III and David Ross; seller will pay $50K/month rent until second closing.
- Sale aligns with strategy to focus on larger properties including newly opened Chamonix and American Place casinos.
- Net proceeds used for general corporate purposes; no further guidance provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891482/000089148224000037/0000891482-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891482/000089148224000037/fll-20240903x8k.htm
  HTML page:      https://secwatch.observer/filing/0000891482-24-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer