FLL - Full House Resorts readies stock offering
Full House Resorts (FLL) trades 7.2% down after hours on announcing its intention to offer and sell shares in an underwritten public offering; underwriters granted 30-day option to purchase up to an additional 15% of the shares.Offer size, terms have not yet been disclosed.Net proceeds to be used for general corporate purposes; improvement to the company's balance sheet with the net proceeds from this proposed offering will significantly strengthen its application for the proposed American Place casino in Waukegan, Illinois.The use of proceeds could also include construction of a new hotel tower and other amenities at the Company’s Silver Slipper Casino and Hotel.
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Full House Resorts readies stock offering