Welcome to our dedicated page for Full House Resor news (Ticker: FLL), a resource for investors and traders seeking the latest updates and insights on Full House Resor stock.
Full House Resorts, Inc. (Nasdaq: FLL) is a regional casino and gaming company whose news flow is closely tied to the performance and development of its properties and segments. The company owns, operates, develops, manages, and invests in casinos and related hospitality and entertainment facilities, and it reports results across its Midwest & South, West, and Contracted Sports Wagering segments.
News about Full House Resorts often focuses on quarterly earnings releases, where management discusses revenue trends, operating income, net income or loss, and non-GAAP measures such as Adjusted EBITDA, Adjusted Segment EBITDA, and Adjusted Property EBITDA. These updates highlight property-level performance at American Place Casino, Silver Slipper Casino and Hotel, Rising Star Casino Resort, Grand Lodge Casino, Bronco Billy’s Casino and Hotel, and Chamonix Casino Hotel.
Recent announcements have emphasized the continued ramp-up of American Place Casino, including record property revenues and operating profit, as well as strong growth in its customer database. Company news has also detailed the phased opening and subsequent ramp of Chamonix Casino Hotel, cost-efficiency initiatives at that property, and significant year-over-year revenue growth in the Colorado operations.
Investors following FLL news can also expect updates on capital structure and liquidity, such as cash balances, senior secured notes due 2028, and borrowings under the revolving credit facility. Additional news items include executive appointments and promotions, new employment agreements for senior leaders, and changes in contracted sports wagering arrangements in Colorado, Indiana, and Illinois.
This page aggregates these developments so readers can review earnings releases, operational updates, leadership changes, and segment commentary related to Full House Resorts in one place.
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.
Full House Resorts (FLL) reported a strong first quarter for 2021, with revenues increasing by 36.8% to $42.2 million, compared to $30.9 million in 2020. Operating income improved to $8.7 million, up from an operating loss of $3.4 million. Net loss decreased to $3.4 million, improving from a loss of $4.4 million in the prior year. Adjusted EBITDA surged to $10.8 million, reversing a loss of $1.2 million. The company also strengthened its balance sheet to fund its Chamonix Casino Hotel project, set to open in late 2022, and launched two additional sports wagering skins.
Full House Resorts (NASDAQ: FLL) will announce its Q1 2021 financial results on May 10, 2021, followed by a conference call at 4:30 p.m. ET. Investors can listen to the live audio webcast on the company’s website or dial in via phone. A replay will be available after the call through May 24, 2021. The press release includes caution regarding forward-looking statements and their inherent uncertainties. Full House Resorts operates gaming facilities across the U.S. and is constructing a new casino hotel in Cripple Creek, Colorado.
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