mohegan sun casino in atlantic cityInvestors’ reaction to the news was typical, as Full House shares slumped 5.24 percent in Wednesday’s after-hours session. Stocks often slide on equity sale announcements, because companies usually offer the shares at a discount to current market prices and because the transactions dilute current investors.The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering,” according to a statement issued by the Las Vegas-based company.Full House said the deal’s underwriters have a 30-day period in which they can offer shares equivalent to 15 percent above the offering size.Full House Plans for CapitalCompanies typically don’t specify how proceeds from debt and equity sales will be spent, except to say the funds will be directed to “general corporate purposes.”That’s the response offered by Full House in its statement. Investors’ reaction to the news was typical, as Full House shares slumped 5.24 percent in Wednesday’s after-hours session. yolobus to cache creek casinoHowever, that project isn’t mentioned in the equity sale statement.Another AvenueFull House does note proceeds from the capital raise could be directed to its Silver Slipper property in Hancock County, Miss.“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,” according to the company. But the operator adds the share sale will bolster its balance sheet, perhaps strengthening its effort to procure a gaming license in Waukegan, Ill. Full House Resorts’ Silver Slipper Casino. firekeepers casino battle creek michigan

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