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    Dwayne Alan Moyers • SMH Capital Advisors

    Dwayne Alan Moyers is President and Chief Investment Officer at SMH Capital Advisors, specializing in fixed income management and portfolio design. He leads a team responsible for institutional strategies such as the Catalyst/SMH High Income Fund, which has been recognized by Lipper Marketplace among the top performers in the Intermediate Fixed Income Category, overseeing assets totaling approximately $1 billion as of 2014. Starting his financial career in 1991, Moyers was previously a credit analyst at Tandy Corporation and co-founded SMH Capital Advisors in 1996, maintaining a senior leadership role for nearly three decades. He holds a Bachelor of Business Administration from the University of Texas at Arlington and brings over 25 years of industry experience guiding institutional and individual portfolios.

    Dwayne Alan Moyers's questions to Full House Resorts Inc (FLL) leadership

    Dwayne Alan Moyers's questions to Full House Resorts Inc (FLL) leadership • Q1 2025

    Question

    Asked about alternative financing options for the permanent casino if the bond market remains challenging and the likelihood of getting a legislative extension for the temporary facility.

    Answer

    Executives are confident they could get a legislative extension to operate the temporary facility longer if needed, as the state would not want to lose the tax revenue and jobs. While they expect the bond market to open up, alternative financing options include a pre-arranged backup facility with a private equity firm, a sale-leaseback (REIT) transaction, or a joint venture, though these are less desirable. They stated they will not issue equity at current price levels. Importantly, there is no deadline to open the permanent casino, only a deadline to close the temporary one, so the license is not at risk.

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    Dwayne Alan Moyers's questions to Full House Resorts Inc (FLL) leadership • Q1 2024

    Question

    Dwayne Alan Moyers asked about alternative financing opportunities for the permanent American Place project if the bond market does not improve, such as joint ventures, and questioned the likelihood of getting a legislative extension to operate the temporary facility longer.

    Answer

    CEO Daniel Lee expressed high confidence in securing a legislative extension if needed, as the state would not want to lose tax revenue or see 600 employees laid off. He outlined several financing alternatives, including a pre-arranged backup facility with a private equity firm, a sale-leaseback (REIT) transaction, or a joint venture, though he prefers traditional debt. He stressed that issuing equity at current prices is not an option. Executive Lewis Fanger added that a prolonged shutdown of the debt market is highly unlikely.

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