Summary of FULL HOUSE RESORTS INC

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 15, 2012, Full House Resorts, Inc. (the "Company") issued a press release announcing certain managerial changes that are expected to take effect in December. The press release is furnished as Exhibit 99.1.

The Company is splitting the responsibilities of Chief Operating Officer and Chief Financial Officer currently held by Mark Miller. Mr. Miller will retain the title and responsibilities of Chief Operating Officer.

Deborah Pierce will be joining the Company as Chief Financial Officer. Ms. Pierce, age 64, is a CPA and has been Chief Financial Officer of Hooters Casino Hotel since 2005. Prior to that, she served as a key finance executive in various other casino operations, including Vice President of Finance for Ameristar Casinos, Inc. and Vice President of Finance for Silverton Casino,
LLC. The Company expects to enter into an employment agreement with Ms. Pierce prior to her employment commencing sometime in December. Her base salary will be $250,000, and she will be entitled to participate in the annual incentive compensation plan and potential stock grants.

Additionally, Wes Elam's title has been changed to Senior Vice President of Western Operations, and he will be responsible for the Company's Northern Nevada properties as well as the Company's Buffalo Thunder management contract. Mr. Elam will report to Mr. Miller. In conjunction with these changes, Mr. Elam's existing employment agreement dated April 10, 2007 has been terminated along with all associated obligations. Mr. Elam's current base salary will remain the same, and his bonus potential for 2013 has been reduced to 50% of his base salary.

Also, Barth Aaron, the Company's General Counsel and Secretary, will be departing the Company effective December 1, 2012.