Maxwell James Marsh's questions to FULL HOUSE RESORTS (FLL) leadership • Q1 2025
Question
Asked about the company's strategic view of its portfolio after the sale of Stockman's and about the future of its sports wagering contract business.
Answer
The company views itself as a '3-legged stool' focusing on Mississippi, Chicago, and Colorado. The strategy for their Indiana property, Rising Star, is to relocate it to a more profitable market like Fort Wayne, a process for which they have secured legislative support. Regarding sports betting, the market is dominated by DraftKings and FanDuel, making it difficult to find new partners for their available 'skins' on favorable terms. Their most important contract is with Circa in Illinois.