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Full House Resorts, Inc. reports recurring developments tied to its casino, hospitality and sports-wagering operations in the United States. Company news centers on operating results, property-level revenue trends and profitability at American Place, Chamonix/Bronco Billy’s and other regional casino assets.
Updates also cover casino development activity, hotel and amenity improvements, marketing and cost initiatives at Colorado operations, earnings release schedules, conference calls and completed leadership changes. The company’s recurring disclosures connect gaming revenue, hospitality amenities, segment performance and capital needs across its Midwest & South, West and Contracted Sports Wagering activities.
Full House Resorts (Nasdaq: FLL) is set to commemorate the 'topping off' of its Chamonix Casino Hotel project on September 21, 2022, in Cripple Creek, Colorado. This new luxury hotel and casino, expected to open in mid-2023, will feature around 300 guest rooms, high-end amenities, and will be connected to the existing Bronco Billy's Casino, which is also undergoing renovations. The project aims to enhance the overall entertainment experience in Cripple Creek with a larger casino and various upscale facilities.
Full House Resorts (FLL) reported a net loss of $(4.4) million or $(0.13) per diluted share for Q2 2022, compared to income of $5.5 million in Q2 2021. Revenue decreased to $44.4 million from $47.4 million year-over-year. Key updates include significant construction progress at two major projects: The Temporary casino in Waukegan, Illinois, expected to open in late 2022, and Chamonix Casino Hotel in Colorado, anticipated for mid-2023. Despite construction delays, management maintains confidence in existing cash reserves and resources to complete both projects within budget.
Full House Resorts (NASDAQ: FLL) will announce its second quarter 2022 financial results on August 2, 2022, followed by a conference call at 4:30 p.m. ET. Investors can access the call via a live audio webcast on the company's website or by dialing (888) 220-8451. A replay will be available until August 16, 2022. The company operates several gaming facilities across the U.S. and is developing two new casinos: The Temporary at American Place and Chamonix Casino Hotel.
Full House Resorts reported Q1 2022 revenues of $41.4 million, down 1.9% from $42.2 million in Q1 2021. Net income was $0.1 million, an improvement from a net loss of $3.4 million the previous year. Adjusted EBITDA was $8.4 million, compared to $10.8 million in Q1 2021, affected by construction disruptions and competitive online sports wagering. Significant progress was made on projects, including The Temporary at American Place, expected to open in Fall 2022, and Chamonix Casino Hotel, projected for Q2 2023. The company remains optimistic about future growth.
Full House Resorts (NASDAQ: FLL) will announce its first quarter 2022 financial results on May 9, 2022, at 4:30 p.m. ET. The call will be accessible via an audio webcast on the company's website or by dialing (844) 826-3035 for U.S. callers and (412) 317-5195 for international callers. A replay will be available until May 23, 2022. The company operates various gaming facilities, including the Silver Slipper Casino and is developing new projects like American Place in Waukegan, Illinois, and Chamonix Casino Hotel in Cripple Creek, Colorado.
Full House Resorts reported a significant revenue increase of 13.1% in Q4 2021, totaling $43.3 million, and a full-year revenue growth of 43.5% to $180.2 million. Operating income surged to $37.6 million from $10.5 million in 2020, while net income rose to $11.7 million compared to $0.1 million previously. The company plans to open a temporary casino in Waukegan, Illinois in Summer 2022, with long-term development of a new entertainment destination. Adjusted EBITDA also soared to $47.2 million from $19.7 million in 2020.
Full House Resorts (NASDAQ: FLL) will announce its fourth quarter 2021 and full-year financial results on March 8, 2022, with a subsequent conference call at 4:30 p.m. ET. Investors can join the call via the company's website or by phone. A replay will be available until March 22, 2022. The company has properties across several states, including Mississippi, Colorado, Indiana, and Nevada, and is currently developing a new luxury casino hotel in Colorado and a gaming destination in Illinois, pending regulatory approvals.
Full House Resorts (Nasdaq: FLL) has appointed John Ferrucci as Senior Vice President and Chief Operating Officer, pending a new employment agreement. Ferrucci will oversee operations for The Temporary at American Place and continue as General Manager at Silver Slipper Casino. The company also announced plans to enhance the American Place project, including acquiring additional land for parking and purchasing a temporary casino structure. The Temporary is set to feature approximately 1,000 slot machines and is expected to open in summer 2022 after receiving necessary approvals.
Full House Resorts (FLL) has concluded its solicitation for consent to amend the indenture governing its 8.250% Senior Secured Notes due 2028. The amendments will allow the company to incur up to $100 million in additional notes to finance the development of The Temporary casino in Waukegan, Illinois, cover transaction fees, and for general corporate purposes. A majority of the noteholders provided their consent, leading to a cash payment of $10 per $1,000 principal for valid consents. The company’s credit agreement borrowings will increase from $15 million to $40 million.
Full House Resorts has priced an offering of an additional $100 million in senior secured notes due 2028. The offering is conducted under private exemption from registration requirements and is expected to close on February 7, 2022. Proceeds will fund the development of a temporary casino in Waukegan, Illinois, cover transaction fees, and support general corporate purposes. The notes will be guaranteed by all current and future subsidiaries.