Full House Resorts, Inc. disclosed Wednesday that it is in advanced discussions to secure financing for the construction of a permanent American Place casino in Waukegan, Illinois. The company stated that it has been negotiating with a major financial institution willing to fund all construction costs for the new facility, which is expected to be significantly larger than its current temporary casino. The financing push comes as the stock trades at $0.94, near its 52-week low of $0.92, with shares down 65% over the past year.
According to a statement released through an SEC filing, Full House Resorts is also in talks with existing and potential bondholders and lenders to refinance its outstanding 8.25% Senior Secured Notes due 2028.
