Full House president resigns, firm cooperates with SEC

Tuesday, July 18, 2000 | 10:56 a.m.

Casino developer Full House Resorts Inc. of Las Vegas on Monday announced the resignation of its president, Gregg Giuffria, from both his executive positions with the company and his post on its board of directors.

Asked whether Giuffria's resignation was tied to a pending Securities and Exchange Commission investigation of Giuffria, Full House General Counsel Mary Brennan said, "Not to my knowledge."

Full House said Giuffria is leaving to pursue venture capital opportunities as well as real estate development projects in Northern California and Reno.

Giuffria was Full House president and chief operating officer for the past two years and was recently re-elected to the board of directors. Full House is working to develop a Hard Rock hotel-casino in Biloxi, Miss.

Chairman and Chief Executive William McComas will assume Giuffria's responsibilities on an interim basis.

"We will miss Gregg and wish him the best. We are grateful to him for his hard work on our Hard Rock Hotel & Casino-Biloxi project, and I want to emphasize that efforts to develop the Hard Rock project will remain a top priority for us."

The company disclosed in April 1999 that Giuffria was the subject of a SEC probe into his trading in the company's stock around the time he became a consultant to the company.

Full House's most recent proxy statement dated April 28 of this year indicated the SEC matter was unresolved and that Full House and Giuffria "are cooperating fully with the SEC."

Brennan said today she had nothing new to report on the matter and that there has been no word from the SEC about the investigation for some time.