Eric Ross's questions to Full House Resorts Inc (FLL) leadership • Q2 2025
Question
Eric Ross, on behalf of Jordan Bender, inquired about the key early indicators for success and the earnings ramp at the Chamonix property in Colorado.
Answer
CEO Daniel Lee and President Lewis Fanger detailed that success factors include both cost reductions and revenue growth. They highlighted that approximately $5 million in annualized cost savings have already been implemented through better labor scheduling and contract negotiations. On the revenue side, they are focused on building out a new marketing and sales team to drive awareness and fill midweek hotel occupancy, noting that the market is underserved and they are already capturing 100% of the gaming revenue growth in Cripple Creek without cannibalizing competitors. They emphasized that changing the long-standing negative perception of Cripple Creek's gaming product takes time, but high-end players are embracing the new, high-quality Chamonix property.