Loading...
Full House Resorts Q1 2025 Earnings Report
Full House Resorts reported a 7.3% increase in revenues for the first quarter of 2025, driven by the ramp-up of American Place Casino and Chamonix Casino Hotel operations.
Key Takeaways
Full House Resorts, Inc. announced a 7.3% increase in revenues to $75.1 million for the first quarter of 2025, up from $69.9 million in the prior-year period. The company reported a net loss of $9.8 million, or $(0.27) per diluted common share, an improvement from a net loss of $11.3 million in the prior-year period. Adjusted EBITDA for the quarter was $11.5 million.
Revenues increased by 7.3% in Q1 2025, reaching $75.1 million.
American Place Casino achieved a new property record in March 2025, with monthly gaming revenue nearing $11 million.
Revenues from Colorado operations increased by 33.9% in Q1 2025.
Net loss improved to $9.8 million, or $(0.27) per diluted common share, compared to $11.3 million in the prior-year period.
Full House Resorts
Full House Resorts
Full House Resorts Revenue by Segment
Revenue by Segment
Midwest & South Revenue
CapyFin.comWest Revenue
CapyFin.comContracted Sports Wagering Revenue
CapyFin.com Forward Guidance
The company anticipates significant uplift in performance upon transitioning from the temporary American Place facility to the permanent casino. They are focused on sustainable growth and profitability for Chamonix and expect positive results from Colorado operations in the spring and summer seasons. However, there is uncertainty regarding future sports betting operator agreements.
Positive Outlook
- Anticipated significant uplift in performance with the transition to the permanent American Place facility.
- Focus on sustainable growth and overall profitability for Chamonix.
- Expectation of positive results from Colorado operations during seasonally-important spring and summer seasons.
- New leadership at Silver Slipper and Chamonix is expected to drive stronger bottom-line results and operational improvements.
- Continued expansion of the player database at American Place, surpassing 100,000 members.
Challenges Ahead
- Uncertainty regarding the ability to enter into new agreements with other third-party sports betting operators on similar terms or at all, following the discontinuation of current operator's services.
- Potential for elevated costs at Chamonix as operations continue to ramp up.
- Risks associated with the ability to finance the construction of the permanent American Place facility and refinance outstanding debt.
- Potential impacts of inflation, tariffs, immigration policies, and supply chain disruptions on labor costs and material prices.
- General macroeconomic conditions and their potential effects on business performance.