Full House Resorts, the owner, leaser, developer, and operator of a large number of gaming facilities in the US has appointed John Ferrucci as the new company’s VP and chief operating officer. Ferrucci, who will continue to act as a general manager for Full House Resorts’ Silver Slipper Casino Hotel, is expected to help the Vegas-located company open The Temporary at American Place in Waukegan, Illinois.
Ferrucci’s Career Growth Makes Him Excellent Fit
On top of his newly appointed roles of VP and COO, Ferrucci will also be responsible for supervising the operations of additional properties belonging to Full House Resorts. He graduated from New Jersey’s Trenton State and has a Bachelor of Science degree in marketing and a Master of Education degree.
Ferrucci has an impressive career path, with a humble start as a table games dealer working for Harrah’s Atlantic City followed by a jump into positions like casino credit executive and manager for Lucayan Beach Resort and Casino located in the Bahamas prior to moving to Mississippi.
In Mississippi, Ferrucci helped launch Grand Casino in Biloxi and Grand Casino in Gulfport and gradually took a position as a general manager of the New Palace Casino located in Biloxi. Next, he offered his insights for the development and launch of a Native American casino in the north before joining Full House Resorts’ team of developers for the Silver Slipper Casino and Hotel in Hancock County. There, he closely collaborated with engineers, designers, and architects while making sure the venue would reach high levels of profitability.
At the same time, Ferrucci was busy helping the company find new talents among its general managers as a mentor for the team of managers at Rising Star and Bronco Billy. The company’s President and CEO Daniel R. Lee expressed his pleasure and excitement to promote Ferrucci to their new role of COO.
Full House Resorts Presented Its New American Place Expansion Plans
Soon after the Illinois Gaming Board approved Full House’s proposal to build a casino in Waukegan, the company began working on the future casino site. Full House Resorts will be purchasing approximately 10 acres of land that will be added to 30 acres that will be leased from Waukegan for its upcoming casino. The new purchase of land will help the company offer extra parking spaces while providing visitors with access to the site from a major road nearby.
Full House also plans on buying a Sprung tent structure with an approximate area the size of one and a half football fields. The tent will be used as the temporary casino site at American Place as the permanent structure is still under construction. The casino that will receive the name The Temporary by American Place will be home to a massive selection of 1,000 slot machines, along with 50 table games, a bar at the center, and three restaurants, including a fine-dining facility.
The tent structure will reach the site somewhere between the end of March and the end of April. The Temporary may open sometime in the summer, while still waiting for official approvals from gaming authorities. On March 15, Full House Resorts will organize a career fair and initiate interviews for candidates for the jobs that will become available at the new casino.
According to its preliminary Q4 2021 results released at the end of January, Full House Resorts expects its total revenues for the said quarter to be in the $43 million – $43.5 million range, marking a $4 million increase compared to the same period of 2020. The funding for The Temporary casino was successfully completed on February 7 when the company closed its private offering of $100 million aggregate principal amount of the 8.25% Senior Secured Notes that are due in 2028. On the same day, Full House gave its borrowing capacity a boost from $15 million to $40 million, with an interest rate set below the 4% mark.