Full House Resorts Earnings Reports

Full House Resorts reported Q4 2024 revenue of $73.0 million, reflecting a 21.5% year-over-year increase driven by continued growth at American Place and the opening of Chamonix Casino Hotel. The company posted a net loss of $12.3 million due to higher depreciation and development costs. Adjusted EBITDA improved by 42.0% to $10.4 million, signaling stronger operational performance. The company continues to focus on ramping up its new casino operations and plans for the construction of its permanent American Place facility.

Full House Resorts announced its Q3 2024 results, showing a revenue increase to $75.7 million compared to $71.5 million in the prior year. However, the company reported a net loss of $8.5 million, or $(0.24) per diluted common share, compared to a net income of $4.6 million, or $0.13 per diluted common share, in the prior-year period. Adjusted EBITDA was $11.7 million, down from $20.6 million in the prior year.

Full House Resorts announced strong second-quarter results with revenue growth driven by American Place and Chamonix Casino Hotel. The company reported increased visitation and unveiling of new amenities at Chamonix. Angi Truebner-Webb was promoted to VP and General Manager of the Silver Slipper Casino and Hotel.

Full House Resorts announced a 39.6% increase in revenues to $69.9 million for the first quarter of 2024, driven by the continued ramp-up of American Place and the phased opening of Chamonix Casino Hotel. The company reported a net loss of $11.3 million, which included preopening costs and depreciation and amortization charges related to the new facilities. Adjusted EBITDA rose 22.6% to $12.4 million.

Full House Resorts reported a 66.4% increase in revenue to $60.0 million for Q4 2023, primarily driven by the opening of American Place. However, the company experienced a net loss of $12.5 million, influenced by preopening costs related to Chamonix and depreciation charges for American Place. Adjusted EBITDA rose 87.4% to $7.3 million.

Full House Resorts reported a strong third quarter with a 72.8% increase in revenues to $71.5 million and a net income of $4.6 million. Adjusted EBITDA rose by 165.9% to $20.6 million, reflecting the positive impact of The Temporary by American Place and $5.8 million of accelerated revenue for two sports wagering agreements that ceased operations during the third quarter of 2023.

Full House Resorts reported a 33.8% increase in revenue to $59.4 million for the second quarter of 2023. The Temporary by American Place completed its first full quarter of operations, contributing $20.3 million in revenue and $4.1 million in Adjusted Property EBITDA. The company's net loss was $5.6 million, or $(0.16) per diluted common share.

Full House Resorts announced a 21% increase in revenue to $50.1 million for the first quarter of 2023. However, the company reported a net loss of $11.4 million, or $(0.33) per diluted common share, which includes $10.5 million of preopening and development costs.

Full House Resorts reported a decrease in revenues to $36.1 million and a net loss of $7.0 million for the fourth quarter of 2022, impacted by adverse weather, construction disruptions, and increased expenses. The Temporary by American Place officially opened on February 17th.

Full House Resorts announced its Q3 2022 results, with revenues decreasing to $41.4 million from $47.2 million in the prior-year period. The company reported a net loss of $3.6 million, or $0.10 per diluted common share, compared to a net income of $4.6 million, or $0.13 per diluted common share, in the prior-year period. Adjusted EBITDA was $7.8 million versus $13.6 million in the prior-year period.

Full House Resorts announced results for the second quarter ended June 30, 2022. The company reported a decrease in revenues to $44.4 million compared to $47.4 million in the prior-year period. Net loss for the quarter was $(4.4) million, or $(0.13) per diluted common share, which includes $1.6 million of preopening and development costs. Adjusted EBITDA was $12.1 million versus $14.9 million in the prior-year period.

Full House Resorts announced its Q1 2022 results with a revenue of $41.4 million, a 1.9% decrease compared to the prior-year period. Net income was $0.1 million, or $0 per diluted common share, which includes $4.4 million of debt modification costs. Adjusted EBITDA was $8.4 million versus $10.8 million in the prior-year period.

Full House Resorts reported a 13.1% increase in revenue compared to the prior-year period. Net income for the fourth quarter of 2021 was $5.0 million, or $0.14 per diluted common share. Adjusted EBITDA in the 2021 fourth quarter was $7.9 million.

Full House Resorts announced a 12.6% increase in revenues compared to the prior-year period, reaching $47.2 million. Operating income improved to $11.1 million, and adjusted EBITDA increased to $13.6 million. The company is progressing with the construction of Chamonix Casino Hotel and competing for two development opportunities.

Full House Resorts reported a strong second quarter with significant revenue growth and improved profitability compared to the prior-year period, which was heavily impacted by pandemic-related closures. The company's strategic investments and operational improvements have driven substantial gains in revenue and adjusted EBITDA.

Full House Resorts reported a 36.8% increase in revenue to $42.2 million compared to the prior-year period. The net loss improved to $3.4 million, and Adjusted EBITDA increased to $10.8 million from a loss of $1.2 million in the first quarter of 2020.

Full House Resorts announced its Q4 2020 results, with revenue decreasing slightly to $38.3 million compared to $39.0 million in the prior-year period. Net income increased to $3.5 million, or $0.12 per diluted share, compared to a net loss of $4.1 million, or $(0.15) per diluted share, in the prior-year period. Adjusted EBITDA was $9.8 million, compared to $2.3 million in the fourth quarter of 2019.

Full House Resorts reported a net income of $7.7 million, or $0.28 per diluted share, and an adjusted EBITDA of $12.5 million, which is a 115.6% increase compared to the prior-year quarter. Revenues were $42.0 million, slightly down from $44.3 million in the prior-year period due to COVID-19 operating limitations.

Full House Resorts' Q2 2020 results were significantly impacted by the COVID-19 pandemic, with casino closures affecting revenue. However, the company highlighted strong performance in June 2020, particularly at the Silver Slipper Casino and Hotel, after properties began reopening in late May and mid-June. The company's first mobile sports wagering provider in Colorado also launched operations in June 2020.

Full House Resorts reported a decrease in net revenues for the first quarter of 2020, down 23.8% to $30.9 million compared to $40.5 million in the prior-year period. The company experienced a net loss of $(4.4) million, or $(0.22) per diluted common share, compared to a net loss of $(1.6) million, or $(0.06) per diluted common share, in the prior-year period. Adjusted EBITDA was $(1.2) million versus $3.6 million in the first quarter of 2019, impacted by the COVID-19 pandemic.

Full House Resorts reported a decrease in net revenues for the fourth quarter of 2019, from $40.7 million to $39.0 million. The company experienced a net loss of $4.1 million, compared to a net loss of $1.0 million in the prior-year period. Adjusted EBITDA was $2.3 million versus $3.8 million in the fourth quarter of 2018.