The note is due 2015, according to a released statement by FullHouse Resorts. Representatives from Full House did not return aphone call seeking comment. The yield for the note sale wasreportedly 13.9%.


Nearly a year ago, the Michigan SupremeCourt ruled that the Nottawaseppi Huron Band of PotawatomiIndians could build a $275-million casino here, with plans for2,500 slot machines, 90 table games, 20 poker tables andrestaurants. It will also have a total of 2,500 parking spaces,including a 2,078 space parking garage.


Construction is expected to begin within the next month. ClarkConstruction Co. will be the construction manager. The casino isscheduled to open in the summer of 2009.


Full House owns 50% of the joint venture Gaming EntertainmentMichigan LLC, which will oversee construction and manage thecasino. Gaming Entertainment Michigan will manage the casino for aseven-year period and will receive a 26% management fee, accordingto the released statement.

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