LAS VEGAS, Feb. 04, 2021 Full House Resorts, Inc. (Nasdaq: FLL) today announced the pricing of its offering of $310 million in aggregate principal amount
Full House Resorts Announces Pricing of Senior Secured Notes Offering Full House Resorts, Inc. Las Vegas, Nevada, UNITED STATES
LAS VEGAS, Feb. 04, 2021 (GLOBE NEWSWIRE) Full House Resorts, Inc. (Nasdaq: FLL) today announced the pricing of its offering of $310 million in aggregate principal amount of 8.25% senior secured notes due 2028 (the “Notes”) at a price of 100% of the principal amount of the Notes. The Notes are being offered in a private debt offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be senior secured obligations of the Company and will be guaranteed, jointly and severally, by all of its current subsidiaries and future restricted subsidiaries. The offering of the Notes is expected to close on February 12, 2021, subject to satisfaction of customary closing conditions.
An Updated Legal Structure Helps Expand Online Betting Options
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NEW YORK, Feb. 3, 2021 /PRNewswire/ Two major segments of the online gambling industry are online gaming (i-gaming) and sports betting. Both have proved to be a pandemic proof segment. The sports betting segment in particular has benefited from a continuously improving and friendlier legal infrastructure. For example, a report by the Chicago Sun-Times indicated that New Jersey gamblers set a nationwide record for the most money bet on sports in a single month, spending almost USD 668 Million in August on events including resurgent baseball, basketball and hockey seasons that had been interrupted by the outbreak. As a result of the evident spike in demand, Morgan Stanley reported that it now projects that the domestic sports betting industry will reach revenues of about USD 7 Billion by 2025, a major increase from the USD 5 Billion projected in J
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Full House Resorts Announces Proposed Offering of Senior Secured Notes
Full House Resorts, Inc.February 2, 2021 GMT
LAS VEGAS, Feb. 02, 2021 (GLOBE NEWSWIRE) Full House Resorts, Inc. (Nasdaq: FLL) today announced that it intends, subject to market and other conditions, to offer $300 million in aggregate principal amount of senior secured notes due 2028 (the “Notes”) in a private debt offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be senior secured obligations of the Company and will be guaranteed, jointly and severally, by all of its current subsidiaries and future restricted subsidiaries.