Full House Resor Stock Price, News & Analysis

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.

Full House Resorts, Inc. (Nasdaq: FLL) has secured a five-year, $15 million senior secured revolving credit facility for working capital and other purposes. The interest rate will be LIBOR plus 3.50% or a base rate plus 2.50% until the completion of their Chamonix project in Cripple Creek, Colorado, after which it decreases to LIBOR plus 3.00% or base rate plus 2.00%. As of March 31, 2021, there are no drawn amounts under this facility. The CFO emphasized enhanced liquidity and a stronger balance sheet for future opportunities.

Full House Resorts (Nasdaq: FLL) announced a public offering of 6,015,000 shares at $6.65 each, with a potential additional 902,250 shares available to underwriters. The offering aims to raise approximately $40 million, which will be used for development and general corporate purposes, including strengthening its application for a casino in Waukegan, Illinois. Closing is expected by March 29, 2021. The offering is managed by Craig-Hallum Capital Group, with co-managers including Macquarie Capital and Roth Capital Partners.

Full House Resorts (Nasdaq: FLL) announced a planned underwritten public offering of its common stock, subject to market conditions. The company may grant underwriters a 30-day option to purchase an additional 15% of shares. Proceeds will be used for development, working capital, and corporate purposes, potentially strengthening its application for a casino license in Waukegan, Illinois, and funding construction at its Silver Slipper Casino. The registration statement for this offering was previously filed with the SEC.