Full House Resorts Inc. has agreed with its lenders to amend certain provisions of its credit agreements. Its First Lien Credit Agreement has been amended to extend the time period for draws against the term loan during the hotel construction at the company's Silver Slipper Casino Hotel, located in Bay St. Louis, Mississippi. The Company also secured extended payment terms that will begin on June 1, 2015. Its Second Lien Credit Agreement has been amended to extend the maturity date of the loan to April 1, 2017.

The company will add nine luxury suites to the new Silver Slipper Casino Hotel to enhance the customer experience. This design change will reduce the room count to approximately 129 rooms from 142 rooms. The new configuration now provides suites for high-end customers. Given that the hotel's interior work has not yet been completed, the company expects to spend less than an additional $1 million on this improved configuration and expects that it will result in an incremental return on invested capital. The company expects to complete and open the 120 standard rooms early in the second quarter, and expects the remaining nine suites to open
approximately 60 days thereafter.

The company's newly constituted Board of Directors elected Bradley Tirpak as its non-executive Chairman, and Dr. Carl Braunlich was reelected as its Vice Chairman. To assist the Board's efforts to minimize regulatory and corporate expenses, newly appointed Director Raymond Hemmig decided to step down from the Board as of January 28, 2015, bringing the Board size from nine to eight directors.