Published on: September 1, 2025, at 07:00 AM.
Updated on: August 31, 2025, at 06:44 AM.
- In July, a gaming stock was sold to her former spouse, who is the CEO of the casino company.
- The congresswoman from Las Vegas is transitioning from individual stocks to diversified investment funds.
Rep. Susie Lee’s (D-NV) office provided clarification regarding a stock sale from July involving Full House Resorts (NASDAQ: FLL), a regional casino group headed by her ex-husband, Dan Lee.
In a communication to Casino.org, a representative for the Las Vegas congress member stated that she is in the process of divesting individual stocks received during her divorce settlement. Full House CEO Dan Lee confirmed that the July 22 transaction, valued between $500,000 and $1 million, was a longstanding arrangement for the congresswoman to sell shares to him.
“Representative Lee is currently transitioning her individual holdings, including shares in Full House Resorts, Inc., into ETFs, index funds, and mutual funds—surpassing both legal and ethical obligations,” the statement noted.
The stock sale on July 22 between the representative and her former husband attracted attention from political observers as it occurred just weeks prior to a decline in Full House stock prices following disappointing second-quarter earnings. The clarification provided context that she was not liquidating shares on the market but rather selling to her ex-spouse, indicating his continued confidence in the company.
Rep. Lee’s Strategic Move to Diversified Investments
Lee’s choice to divest from individual stocks and shift towards diversified funds appears wise, especially as both party voters intensively scrutinize stock transactions by political figures.
Some politicians from across the spectrum have developed a surprising trend of engaging in stock trades before critical market-altering events, significantly enhancing their personal wealth and raising concerns about potential insider trading. This has led to public criticism of lawmakers who may be exploiting their positions for financial advantage.
Notably, Lee was not actively involved in buying or selling individual stocks before her divorce proceedings concluded.
“Before commencing the divestment of stocks she obtained from her divorce, Rep. Lee had never executed an individual stock transaction and is a strong advocate for prohibiting Congress members from conducting stock trades,” the spokesperson added.
Limited Interest in Gaming Stocks Among Politicians
While politicians do engage in stock trading, there is a noticeable lack of enthusiasm for gaming stocks among Congress members, which is a consistent trend even within delegations from states with significant casino interests.
Moreover, breaches of the STOCK Act, mandating Congress members to disclose trades within 45 days, have been observed on both sides of the aisle. This year, seven Democrats and eight Republicans have been cited for such violations, but Susie Lee does not fall into this category.