8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 16, 2010

FULL HOUSE RESORTS, INC.
(Exact name of registrant as specified in its charter)

Delaware	1-32583	13-3391527
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

4670 S. Fort Apache Road, Suite 190 Las Vegas, Nevada	89147
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: 702-221-7800

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 – Other Events

Item 8.01 Other Events.

On February 16, 2010, Full House Resorts, Inc. (the “Company”) announced that its 50% owned joint venture Gaming Entertainment (Michigan), LLC (“GEM”) has received the final payment on its $5.0 million tribal receivable from FireKeepers Development Authority. The cash proceeds will be split between the GEM members on an equal basis. Following this transaction, the Company has approximately $12.5 million in cash, $8.2 million of availability on its revolving credit facility.

The press release issued by the Company on February 16, 2010 in connection with the payment is included in Exhibit 99.1 and incorporated herein by reference.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1         Press release issued by the Company on February 16, 2010.

2 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Full House Resorts, Inc.
Date: February 16, 2010	/s/ Barth F. Aaron
	Barth F. Aaron
	Secretary/General Counsel

3 

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release issued by the Company on February 16, 2010.

4 

EX-99.1

Exhibit 99.1

For Immediate Release

FULL HOUSE RESORTS ANNOUNCES GAMING ENTERTAINMENT MICHIGAN HAS RECEIVED $5 MILLION REPAYMENT FROM FIREKEEPERS DEVELOPMENT AUTHORITY

Las Vegas, Nevada — February 16, 2010 — Full House Resorts (NYSE Amex US: FLL) announced today that its 50% owned joint venture Gaming Entertainment (Michigan), LLC (“GEM”) has received the final payment on its $5.0 million tribal receivable from FireKeepers Development Authority. The cash proceeds will be split between the GEM members on an equal basis. Following this transaction, Full House Resorts has approximately $12.5 million in cash, $8.2 million of availability on its revolving credit facility.

Full House Resorts Chairman and Chief Executive Officer Andre Hilliou commented, “We appreciate this final reimbursement by the tribe of our development advances. This reimbursement further improves our ability to pursue strategic acquisitions.”

About Full House Resorts, Inc.:

Full House owns, develops and manages gaming facilities. The Company owns Stockman’s Casino in Fallon, Nevada which has 8,400 square feet of gaming space with approximately 260 gaming machines, four table games and a keno game. The casino has a bar, a fine dining restaurant and a coffee shop. Full House has a management agreement with the Nottawaseppi Huron Band of Potawatomi Indians for FireKeepers Casino in Battle Creek, Michigan with 2,680 gaming devices, 78 table games and a 120-seat poker room. For further information, go to www.FireKeepersCasino.com. Full House also receives a guaranteed fee from the operation of Harrington Raceway and Casino at the Delaware State Fairgrounds in Harrington, Delaware. Harrington Raceway and Casino has a total of approximately 2,100 gaming devices, a buffet, gourmet steakhouse, other food and beverage outlets and an entertainment lounge. Further information about Full House Resorts can be viewed on its website at www.fullhouseresorts.com.

# # #

For further information, contact:

Mark Miller, Chief Operating and Financial Officer
Full House Resorts, Inc.
702-221-7800
www.fullhouseresorts.com

Or

William R. Schmitt
Integrated Corporate Relations
203-682-8200
investors@fullhouseresorts.com