Earnings summaries and quarterly performance for FULL HOUSE RESORTS.
Executive leadership at FULL HOUSE RESORTS.
Board of directors at FULL HOUSE RESORTS.
Research analysts who have asked questions during FULL HOUSE RESORTS earnings calls.
LC
Luis Chinchilla
Deutsche Bank
4 questions for FLL
Also covers: MLCO
JB
Jordan Bender
JMP Securities
3 questions for FLL
Also covers: AMC, BALY, BRAG +14 more
CB
Chad Beynon
Macquarie
2 questions for FLL
Also covers: ACEL, AGS, AMC +30 more
CP
Connor Parks
CBRE Group, Inc.
2 questions for FLL
Also covers: CNTY
Dwayne Alan Moyers
SMH Capital Advisors
2 questions for FLL
John DeCree
CBRE
2 questions for FLL
Also covers: BYD, CZR, FLUT +9 more
MJ
Maxwell James Marsh
CBRE
2 questions for FLL
Also covers: GDEN
RS
Ryan Sigdahl
Craig-Hallum Capital Group
2 questions for FLL
Also covers: ABG, CDRO, CNTY +19 more
DB
David Bain
B. Riley Securities
1 question for FLL
Also covers: DDI, EVRI, GAMB +2 more
ER
Eric Ross
Citizens Capital Markets and Advisory
1 question for FLL
SG
Samir Ghafir
Macquarie
1 question for FLL
Also covers: ACEL, CZR
Recent press releases and 8-K filings for FLL.
FLL Reports Strong Q3 2025 Results and Updates on American Place and Indiana Relocation
FLL
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- FLL reported Q3 2025 revenues of $78 million and adjusted EBITDA of $14.8 million, representing an apples-to-apples revenue growth of 5% and adjusted EBITDA growth of 26%.
- The temporary American Place casino generated $32 million in Q3 revenues (up 14%) and $9 million in adjusted property EBITDA (up 16%), with the permanent facility's budget refined to $302 million and expected to achieve $100 million in run-rate EBITDA. The company aims to complete financing by Q1 next year for an August 2027 opening.
- Following management changes and operational improvements, Chamonix achieved a $2.1 million profit in Q3 2025, a significant improvement from losses in Q4 2024 and Q1 2025, with expectations for continued profitability in seasonally weaker quarters.
- FLL is actively pursuing the relocation of its Indiana casino from a low-revenue area to higher population centers like Indianapolis or Fort Wayne, which is supported by a recent gaming market study and could significantly enhance the asset's value and state tax revenues.
Nov 6, 2025, 7:00 PM
Full House Resorts Announces Third Quarter 2025 Results
FLL
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Full House Resorts, Inc. (FLL) reported consolidated revenues of $78.0 million in the third quarter of 2025, an increase from $75.7 million in the prior-year period.
- The company's Adjusted EBITDA increased 26.1% to $14.8 million in Q3 2025, reflecting strong results at American Place and a $2.1 million contribution from Chamonix/Bronco Billy's.
- Net loss improved to $(7.7) million, or $(0.21) per diluted common share, in Q3 2025, compared to $(8.5) million, or $(0.24) per diluted common share, in the prior-year period.
- American Place Casino revenues increased 14.0% to a new property record in Q3 2025.
- As of September 30, 2025, the company had $30.9 million in cash and cash equivalents and $450.0 million in outstanding senior secured notes due 2028.
Nov 6, 2025, 2:13 PM
Full House Resorts Reports Third Quarter 2025 Financial Results
FLL
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Full House Resorts reported consolidated revenues of $78.0 million in the third quarter of 2025, an increase from $75.7 million in the prior-year period.
- Consolidated operating income rose 40.3% to $3.4 million, and Adjusted EBITDA increased 26.1% to $14.8 million in the third quarter of 2025.
- The company's net loss improved to $(7.7) million, or $(0.21) per diluted common share, compared to $(8.5) million in the prior-year period.
- American Place Casino revenues grew 14.0% to a new property record of $32.0 million, and Colorado operations (Chamonix/Bronco Billy's) saw revenues grow 7.3% with Adjusted Property EBITDA improving to $2.1 million in the third quarter of 2025.
Nov 6, 2025, 2:10 PM
Full House Resorts Provides Q4 2024 Operational Update and Future Outlook
FLL
New Projects/Investments
Guidance Update
Legal Proceedings
- The Illinois Supreme Court ruled in favor of the Gaming Commission, endorsing Full House Resorts for the Waukegan license, which clears the path for financing the $325 million permanent American Place facility. The company plans to break ground later this year, targeting readiness by August 2027, and projects the permanent casino to generate approximately $200 million in revenue and close to $100 million in EBITDA (casino only).
- Chamonix in Colorado, which had its grand opening in early November, saw Q4 revenues more than double but incurred a slight loss in the quarter. The company anticipates revenues to climb and expenses to stabilize, projecting $10 million to $15 million in EBITDA for 2025, with a long-term target of $50 million annually. Management changes, including a new General Manager, are being implemented to optimize operations and improve table game performance.
- Full House Resorts is actively pursuing the relocation of its Rising Sun license in Indiana, which currently generates $4 million-$5 million in annual income, to a more strategic location such as New Haven (a Fort Wayne suburb). The Indiana legislature has passed a study bill to evaluate the benefits of relocating underperforming licenses.
- The company plans to finance new projects through debt markets on favorable terms, explicitly stating there will be no equity issuance. The CEO's internal model projects a potential value of $45 per share by 2030, with a conservative estimate of $20 per share, based on executing current plans.
Mar 6, 2025, 9:30 PM
Quarterly earnings call transcripts for FULL HOUSE RESORTS.
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