Full House Resor - FLL STOCK NEWS

Full House Resorts (Nasdaq: FLL) has appointed Brandon Lenssen as Vice President and General Manager of Chamonix Casino Hotel in Cripple Creek, Colorado. Lenssen brings nearly 30 years of gaming industry experience, most recently serving as VP and GM at Quick Custom Intelligence (QCI).

His previous roles include VP and GM at Bally's Black Hawk, where he managed three Denver-area casino properties and implemented TITO ticketing solutions. He also held positions at VizExplorer and Isle Casino Black Hawk.

As part of his employment package, Lenssen received an inducement equity award of 24,213 restricted shares, vesting in three equal annual installments on March 10, 2026, 2027, and 2028.

Full House Resorts (FLL) reported Q4 2024 financial results with revenues increasing 21.5% to $73.0 million, driven by the continued ramp-up of American Place and Chamonix Casino Hotel operations. The company posted a net loss of $12.3 million ($0.35 per share) in Q4 2024.

Key highlights:

• American Place revenues rose 27.5% in Q4, with plans for permanent casino construction to begin later in 2025
• Colorado operations revenue increased 161.1% in Q4 following Chamonix's phased opening completion in October 2024
• Full-year 2024 revenues reached $292.1 million, up 21.2% from 2023
• Annual net loss was $40.7 million ($1.16 per share)
• Adjusted EBITDA remained flat at $48.6 million for 2024

Full House Resorts (NASDAQ: FLL) has scheduled its fourth quarter 2024 and full-year financial results announcement for Thursday, March 6, 2025, followed by a conference call at 4:30 p.m. ET (1:30 p.m. PT). Investors can participate through a live audio webcast available on the company's website under the investor relations section or by dialing (201) 689-8470. A replay of the call will be accessible through March 20, 2025, via the company website or by dialing (412) 317-6671 with passcode 13751128.

Full House Resorts has appointed Jeff Michie as vice president and general manager of Rising Star Casino Resort in Indiana, replacing Angi Truebner-Webb who will manage Silver Slipper Casino Hotel in Mississippi. Michie, previously CFO at Casino del Sol in Tucson, brings extensive casino management experience, including roles at Hard Rock Casino Cincinnati and Belterra Casino Resort. The company granted Michie an inducement equity award of 19,921 restricted shares, vesting over three years. Additional inducement equity awards of 4,107 restricted shares each were granted to new employees Kimberly Bender and Katelynn May.

Chamonix Casino Hotel announced the completion of its multi-phased project with a Grand Opening event on November 2nd featuring Jay Leno and Tenille Arts. The new luxury destination in Cripple Creek, Colorado features a casino floor with slot machines, table games, and a high-limits salon, alongside 300 luxury hotel rooms. The property includes 980 Prime steakhouse, a luxury spa, salon, heated pool, and state-of-the-art meeting facilities. Additional amenities include an exclusive jeweler, Ore & Alloy, and fitness facilities equipped with Peloton, Hydrow, Tonal, and NordicTrack equipment.

Full House Resorts (FLL) reported Q3 2024 revenues of $75.7 million, up from $71.5 million in Q3 2023. The company posted a net loss of $8.5 million ($(0.24) per share), compared to net income of $4.6 million ($0.13 per share) in the prior year. American Place showed strong growth with revenues up 17.7% to $28.1 million. The company's Chamonix Casino Hotel saw gaming revenues set new monthly records, with hotel occupancy reaching 88.5% in September. Additionally, Full House agreed to sell Stockman's Casino for $9.2 million, recognizing a $2.0 million gain in Q3.

Full House Resorts (NASDAQ: FLL) has announced the date for its third quarter 2024 earnings release. The company will report its financial results on Wednesday, November 6, 2024, followed by a conference call at 4:30 p.m. ET (1:30 p.m. PT). Investors can access the live audio webcast from the company's website under the investor relations section or join the conference call by dialing (201) 689-8470.

A replay of the conference call will be available shortly after its conclusion until November 13, 2024. The replay can be accessed through the company's website or by dialing (412) 317-6671 and using the passcode 13748672.

Full House Resorts (NASDAQ: FLL) has announced the sale of Stockman's Casino in Fallon, Nevada, to privately-owned Clarity Game for $9.2 million. The transaction will occur in two parts: $7 million for the real property, expected to close in late-September 2024, and $2.2 million for remaining operating assets, pending gaming approvals. Full House will continue operating Stockman's, paying $50,000 monthly rent to Clarity until the second closing. This strategic move allows Full House to focus on larger properties, including the newly-opened Chamonix and American Place casinos. CEO Daniel R. Lee expressed confidence in the new owners' ability to drive continued improvement at Stockman's Casino.

A fortunate guest from San Francisco hit a $1,137,093.42 jackpot at Grand Lodge Casino in Incline Village, Nevada, near Lake Tahoe on Thursday evening. The winner was playing the Five Times Pay version of Wheel of Fortune Gold Spin Deluxe with a $10 bet. This latest win brings the casino's total payout for Wheel of Fortune Wide Area Progressives to nearly $9 million.

Grand Lodge Casino, a long-standing establishment in Incline Village, recently secured a 10-year lease extension with Hyatt Regency Lake Tahoe, extending their partnership through December 31, 2034. The casino's marketing director, Jill Stewart, emphasized their commitment to customer service and the casino's attractive atmosphere, highlighting that guests can win substantial jackpots comparable to those at larger resorts.