Full House Resor Stock Price, News & Analysis

Full House Resorts, Inc. (FLL) reported preliminary Q4 2021 results, expecting revenues between $43.0 million and $43.5 million, up from $38.3 million in Q4 2020. Operating income is projected at $4.9 million to $6.1 million, down from $7.7 million. Net income is anticipated to be $4.2 million to $5.9 million, an increase from $3.5 million in Q4 2020. Adjusted EBITDA is estimated at $7.3 million to $8.5 million, reflecting challenging conditions in Nevada and Indiana. For full-year 2021, revenues are estimated at $179.9 million to $180.4 million, a significant rise from $125.6 million in 2020.

Full House Resorts (Nasdaq: FLL) announced that its American Place gaming and entertainment destination proposal was selected by the Illinois Gaming Board, pending final licensing. This selection follows a competitive process that started in 2019. Full House will quickly develop a temporary casino named The Temporary by American Place, anticipated to open mid-2022, creating jobs and tax revenues. The full American Place facility, featuring luxury accommodations and entertainment options, aims for completion by 2024.

Full House Resorts, Inc. (Nasdaq: FLL) reported Q3 2021 revenues of $47.2 million, up 12.6% year-over-year. Operating income rose to $11.1 million, while net income dropped to $4.6 million from $7.7 million in Q3 2020. Adjusted EBITDA increased to $13.6 million, reflecting stronger performance in Nevada and a successful sale of ‘free play’ in Indiana. Despite challenges from Hurricane Ida, Silver Slipper's revenue grew 7.9%. The company is working on two casino development proposals in Indiana and Illinois, with anticipated selections on November 17 and early January 2022, respectively.

Full House Resorts (NASDAQ: FLL) will report its third quarter 2021 and year-to-date financial results on November 8, 2021. A conference call will follow at 4:30 p.m. ET, available via audio webcast on the company’s website. A replay will also be accessible until November 22, 2021. The press release includes forward-looking statements that may contain risks and uncertainties impacting future performance. Full House Resorts operates several gaming facilities, is constructing a new casino hotel in Colorado, and is a finalist for two new casino developments in Illinois and Indiana.

Full House Resorts has filed a shelf registration statement on Form S-3 with the SEC, allowing for the future sale of up to $500 million in various securities including common stock, debt securities, and warrants. The company aims to use the proceeds for general corporate purposes such as working capital, business expansions, and debt repayment. The shelf registration is pending effectiveness by the SEC, with future offerings detailed in separate prospectus supplements.

Full House Resorts (NASDAQ: FLL) has proposed a new casino hotel, American Place, in Terre Haute, Indiana, with a budget of $250 million. This follows an application process initiated by the Indiana Gaming Commission on June 24, 2021. The development will be on 32 acres visible from Interstate 70 and aims to attract visitors within a 100-mile radius.

The facility will feature approximately 1,000 slot machines and 50 table games, a hotel with elevated guest rooms, restaurants in a greenhouse, and a solar energy farm to power part of the complex.

Full House Resorts (FLL) reported a strong second quarter of 2021, with revenues soaring by 226.9% to $47.4 million compared to $14.5 million in the previous year. This growth led to a net income of $5.5 million versus a net loss of $6.7 million in the same quarter last year. Adjusted EBITDA reached $14.9 million, up from an adjusted loss of $1.4 million. Furthermore, the company continues to invest in property improvements, notably the ongoing construction of the Chamonix Casino Hotel, expected to be significantly completed by Q4 2022.

Full House Resorts (NASDAQ: FLL) will release its second quarter 2021 financial results on August 10, 2021, at 4:30 p.m. ET, followed by a conference call. The event will be accessible via a live audio webcast on the company's website and by phone. A replay of the call will be available until August 24, 2021. Full House Resorts operates gaming facilities across the U.S. and is currently developing the Chamonix Casino Hotel in Cripple Creek, Colorado, while also vying to develop a casino in Waukegan, Illinois.

Full House Resorts (Nasdaq: FLL) has announced significant promotions within its management team across various properties. Angelika Truebner-Webb has been promoted to General Manager at Rising Star Casino Resort, while James McCracken becomes Assistant General Manager. Ashlee Wilkerson is now the Director of Human Resources at the same location. Cyndy Carter is promoted to Assistant General Manager for the Nevada segment. These promotions are part of the company's strategy to strengthen leadership and operations. The management emphasizes their commitment to growth and internal advancement.