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Jun 30, 2023
Full House Resorts Q2 2023 Earnings Report
Full House Resorts announced second quarter results with revenues increasing by 33.8% to $59.4 million.
Key Takeaways
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.
Revenues increased 33.8% to $59.4 million.
The Temporary by American Place completed its first full quarter of operations, recording $20.3 million in revenue and $4.1 million in Adjusted Property EBITDA.
Opening of Chamonix Casino Hotel in Colorado is slated for December 26, 2023.
Illinois Sportsbook is expected to commence operations shortly.
Revenue by Segment
Forward Guidance
Forward-looking statements relate to future events and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict and outside of our control. Actual results may differ materially from those indicated in the forward-looking statements.
Positive Outlook
- Expected construction budgets
- Estimated commencement and completion dates
- Expected amenities
- Expected operational performance for Chamonix and American Place, including The Temporary
- Expectations regarding the success and commencement dates of any new sports wagering contracts or operations in Colorado, Indiana or Illinois
Challenges Ahead
- Our ability to repay our substantial indebtedness
- Inflation and its potential impacts on labor costs and the price of food, construction, and other materials
- The effects of potential disruptions in the supply chains for goods, such as food, lumber, and other materials
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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