Full House Resorts has appointed Jeff Michie as vice president and general manager of Rising Star Casino Resort in Indiana, replacing Angi Truebner-Webb who will manage Silver Slipper Casino Hotel in Mississippi. Michie, previously CFO at Casino del Sol in Tucson, brings extensive casino management experience, including roles at Hard Rock Casino Cincinnati and Belterra Casino Resort. The company granted Michie an inducement equity award of 19,921 restricted shares, vesting over three years. Additional inducement equity awards of 4,107 restricted shares each were granted to new employees Kimberly Bender and Katelynn May.
Full House Resorts ha nominato Jeff Michie come vicepresidente e direttore generale del Rising Star Casino Resort in Indiana, sostituendo Angi Truebner-Webb che gestirà il Silver Slipper Casino Hotel nel Mississippi. Michie, precedentemente CFO presso il Casino del Sol a Tucson, porta con sé una vasta esperienza nella gestione di casinò, inclusi ruoli al Hard Rock Casino Cincinnati e al Belterra Casino Resort. L’azienda ha concesso a Michie un premio azionario di incentivazione di 19.921 azioni riservate, con maturazione su un periodo di tre anni. Sono stati concessi ulteriori premi azionari di incentivazione di 4.107 azioni riservate ciascuno a nuovi dipendenti Kimberly Bender e Katelynn May.
Full House Resorts ha nombrado a Jeff Michie como vicepresidente y gerente general del Rising Star Casino Resort en Indiana, reemplazando a Angi Truebner-Webb, quien gestionará el Silver Slipper Casino Hotel en Mississippi. Michie, que fue CFO en Casino del Sol en Tucson, aporta una amplia experiencia en la gestión de casinos, incluyendo roles en Hard Rock Casino Cincinnati y Belterra Casino Resort. La compañía otorgó a Michie un premio de acciones de incentivo de 19.921 acciones restringidas, que se consolidarán en un período de tres años. Además, se concedieron premios de acciones de incentivo adicionales de 4.107 acciones restringidas a los nuevos empleados Kimberly Bender y Katelynn May.
풀 하우스 리조트는 제프 미키를 인디애나의 라이징 스타 카지노 리조트의 부사장 겸 총관리자로 임명했으며, 앤지 트루브너-웹을 대체합니다. 트루브너-웹은 미시시피의 실버 슬리퍼 카지노 호텔을 관리할 예정입니다. 미키는 투손의 카지노 델 솔에서 CFO를 역임했으며, 하드 록 카지노 신시내티와 벨테라 카지노 리조트 등에서 카지노 관리 경험이 풍부합니다. 회사는 미키에게 19,921주 제한 주식의 유인 주식 보상을 수여했으며, 이는 3년 동안 부여됩니다. 추가적인 유인 주식 보상으로 4,107주 제한 주식이 신규 직원인 킴벌리 벤더와 카틀린 메이에게 각각 부여되었습니다.
Full House Resorts a nommé Jeff Michie vice-président et directeur général du Rising Star Casino Resort dans l’Indiana, remplaçant Angi Truebner-Webb qui gérera le Silver Slipper Casino Hotel dans le Mississippi. Michie, ancien CFO du Casino del Sol à Tucson, possède une vaste expérience en gestion de casinos, y compris des postes au Hard Rock Casino Cincinnati et au Belterra Casino Resort. L’entreprise a accordé à Michie une récompense en actions d’incitation de 19.921 actions réservées, qui se réaliseront sur une période de trois ans. Des récompenses en actions d’incitation supplémentaires de 4.107 actions réservées ont été accordées aux nouvelles employées Kimberly Bender et Katelynn May.
Full House Resorts hat Jeff Michie zum Vizepräsidenten und Geschäftsführer des Rising Star Casino Resorts in Indiana ernannt, als Nachfolger von Angi Truebner-Webb, die das Silver Slipper Casino Hotel in Mississippi leiten wird. Michie, der zuvor CFO im Casino del Sol in Tucson war, bringt umfangreiche Erfahrung im Casinomanagement mit, einschließlich Positionen im Hard Rock Casino Cincinnati und im Belterra Casino Resort. Das Unternehmen hat Michie eine Anreizaktienauszeichnung von 19.921 eingeschränkten Aktien gewährt, die über drei Jahre vesten wird. Zusätzlich wurden neue Mitarbeiter Kimberly Bender und Katelynn May jeweils 4.107 eingeschränkte Aktien als Anreizaktienauszeichnung gewährt.
Positive
Strategic hire of experienced casino executive with local market knowledge
Equity-based compensation structure aligns management interests with shareholders
Insights
The management change at Rising Star Casino Resort appears routine, but the equity compensation details reveal interesting insights. The new GM receives 19,921 restricted shares vesting over three years, while two additional employees receive 4,107 shares each. Based on current market prices, this represents a meaningful commitment to align management interests with shareholders.
Jeff Michie’s extensive experience in competing properties and regional familiarity as a Lawrenceburg resident could benefit Rising Star’s operations. His background in both finance and operations, particularly at Hard Rock Casino Cincinnati and Belterra Casino Resort, suggests potential operational improvements for Rising Star, which competes in the same market.
11/15/2024 – 04:05 PM
LAS VEGAS, Nov. 15, 2024 (GLOBE NEWSWIRE) — Full House Resorts, Inc. (Nasdaq: FLL) (the “Company”) today announced that it has named Jeff Michie as vice president and general manager of its Rising Star Casino Resort in Rising Sun, Indiana, subject to customary gaming approvals. Mr. Michie will replace Angi Truebner-Webb who, as previously reported, will become the general manager of the Company’s Silver Slipper Casino Hotel in Hancock County, Mississippi.
Mr. Michie joins Rising Star from Casino del Sol, a large casino resort in Tucson, Arizona. As the chief financial officer of Casino del Sol, Mr. Michie oversaw the property’s finance, surveillance and golf course departments. Mr. Michie has also served in senior management positions at several casinos that directly compete with Rising Star, including as the senior vice president of operations and finance of Hard Rock Casino Cincinnati, and as assistant general manager and CFO for Belterra Casino Resort & Spa. During his extensive career, Mr. Michie has also served as general manager for several properties, including the Belle of Baton Rouge Casino & Hotel in Baton Rouge, Louisiana, and the Horizon Casino & Hotel in Vicksburg, Mississippi. He earned his bachelor’s degree in finance and public administration from San Diego State University. He has also been a long-time resident of nearby Lawrenceburg, Indiana.
In connection with his hiring, the compensation committee of the Company’s board of directors (the “Compensation Committee”) approved a grant of an inducement equity award of 19,921 restricted shares to Mr. Michie. Subject to his continuing service through the vesting dates, one-third of the total number of shares granted will vest on each of November 11, 2025, 2026, and 2027, the anniversary dates of Mr. Michie’s commencement of employment and the grant of restricted shares.
Additionally, in connection with their hirings, the Compensation Committee approved grants of inducement equity awards to two additional employees: Kimberly Bender and Katelynn May were each granted 4,107 restricted shares. For both Ms. Bender and Ms. May, one-third of the total number of shares granted will vest on each of November 12, 2025, 2026, and 2027, subject to their continuing service through the vesting dates, which are the anniversary dates of the grants of restricted shares.
The awards were granted outside of the Company’s 2015 Equity Incentive Plan and were approved by the Compensation Committee in accordance with Nasdaq Listing Rule 5635(c)(4) as a material inducement to the above individuals’ entry into employment with the Company.
Forward-looking Statements
This press release contains statements by Full House Resorts, Inc. that are “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Such risks include, without limitation, dependence on existing management, competition, uncertainties over the development and success of our acquisition and expansion projects, the financial performance of our finished projects and renovations, general macroeconomic conditions, legal risks, and regulatory and business conditions in the gaming industry. Additional information concerning potential factors that could affect our financial condition and results of operations is included in the reports we file with the SEC, including, but not limited to, our Form 10-K for the most recently ended fiscal year and our other periodic reports filed with the SEC. We are under no obligation to (and expressly disclaim any such obligation to) update or revise our forward-looking statements as a result of new information, future events or otherwise, except as otherwise required by law. Actual results may differ materially from those indicated in the forward-looking statements.
About Full House Resorts, Inc.
Full House Resorts owns, leases, develops and operates gaming facilities throughout the country. Our properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Chamonix Casino Hotel and Bronco Billy’s Casino in Cripple Creek, Colorado; Rising Star Casino Resort in Rising Sun, Indiana; Stockman’s Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada. For further information, please visit www.fullhouseresorts.com.
FAQ
Who is the new general manager of Rising Star Casino Resort (FLL)?
Jeff Michie has been appointed as vice president and general manager of Rising Star Casino Resort, subject to gaming approvals.
What is Jeff Michie’s previous experience before joining Full House Resorts (FLL)?
Michie was previously CFO at Casino del Sol in Tucson, and held senior positions at Hard Rock Casino Cincinnati and Belterra Casino Resort, among others.
How many restricted shares did Full House Resorts (FLL) grant to Jeff Michie?
Full House Resorts granted Jeff Michie 19,921 restricted shares as an inducement equity award, vesting over three years from November 11, 2025 to 2027.
