Nambe Pueblo Gaming Enterprise Board, which was recently appointed by the Nambe Pueblo Tribal Council

Tribe’s Governor, have signed a Gaming Management Agreement with Full House, subject to the approval of the National Indian Gaming Commission in accordance with federal law.

The Management Agreement provides for a management fee of 30% of net revenue, payable to Full House over seven years from the opening of the gaming facility. Net revenue is a measurement of profitability that is defined by the National Indian Gaming Commission. First year gross revenues from the project are forecasted to be $36 million.

Greg Violette, Chief Operating Officer of Full House, stated “The team at Full House is looking forward to working with the Tribe and its Gaming Enterprise Board to make a reality of the vision that these leaders have to achieve economic prosperity for their people. Full House will assist the tribe with the implementation of all phases of its economic development plan, so that we can share in a mutually beneficial relationship.”
Andre Hilliou, Chief Executive Officer of Full House, stated, “We are pleased to report this agreement to our shareholders. We have promised to grow the company and this project will provide additional management fee revenues to the company and be accretive to earnings.”

Full House has proposed a multi-phased Master Plan of Economic Development for the Tribe. The first phase development of a full-scale casino will include a 50,000 square foot facility with 500 slot machines, twelve table games, three food outlets, gift shop, entertainment lounge and other amenities. An indoor amusement park to allow for family entertainment is also planned for the first phase. Plans for subsequent phases of development include a hotel, convention center and events center. Other future development that has been discussed for the tribe’s 1,800 acre site on Highway 84/285 fifteen miles north of Santa Fe includes retail outlets, a movie theatre, restaurants and housing.

DCSW Architects of Albuquerque was selected as the project architect. DCSW, headed by Marc Schiff, brings over 28 years’ experience in the planning, design, development and construction supervision of hotels, restaurants, cultural centers, public buildings and other commercial developments.

Tom Talache, Jr., Governor of the Nambe Pueblo Tribe, stated, “Full House Resorts has shown itself to be a worthy partner in our economic development plan. They have worked with us for the past fourteen months to formulate a plan that respects our history and culture and will be exciting and entertaining to the public. We appreciate the efforts to date of both Full House and DCSW, which has shown great vision in its preliminary design work. We anticipate great things from this economic development process and look forward to long-lasting gains. I am especially excited about being affiliated with Mr. Lee Iacocca. He has been an inspiration to me in the pursuit of my professional goals, since I first read his autobiography while I was serving in the U.S. Navy.”

Brenda McKenna, Chairperson of the Nambe Pueblo Gaming Enterprise Board, stated “I am looking forward to a successful partnership with Full House and the beginning of a new business, political and social era for Nambe Oweenge.”

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