Full House Resor Stock Price, News & Analysis

Full House Resorts (Nasdaq: FLL) has appointed Michael A. Hartmeier to its board of directors. Hartmeier, a seasoned investment banker with over 25 years of experience, previously served as the Group Head of Lodging, Gaming, and Leisure Investment Banking at Barclays. He has managed over $125 billion in financing and advisory assignments throughout his career. His extensive background in capital markets is expected to provide valuable insights for the company. Hartmeier holds an MBA from Harvard Business School and a BA in Economics-Business from UCLA.

Full House Resorts (FLL) reported a remarkable third-quarter 2020, with net income soaring to $7.7 million, up from $0.9 million in Q3 2019. Operating income more than tripled, and Adjusted EBITDA surged 115.6% to $12.5 million. However, revenues declined to $42 million, impacted by COVID-19. Cash and equivalents increased to $34 million. Colorado's new gaming legislation aims to attract higher clientele. The company is also vying for a gaming license in Waukegan, Illinois, with plans for a $25 million equity investment in a proposed casino project.

Full House Resorts (NASDAQ: FLL) will report its third quarter 2020 financial results on November 5, 2020, followed by a conference call at 4:30 p.m. ET. The call can be accessed via the company’s website or by phone. A replay will be available until November 19, 2020. The press release includes forward-looking statements, highlighting inherent uncertainties and risks impacting future performance. Full House Resorts operates various gaming facilities across the U.S., with notable properties in Mississippi, Colorado, Indiana, and Nevada.

Full House Resorts reported its second quarter results for 2020, with all properties reopened by mid-June after COVID-19 closures. Cash and equivalents rose to $26.5 million. June 2020 saw a 60% increase in consolidated Adjusted EBITDA year-over-year. Despite operational constraints, the Silver Slipper Casino achieved record performance. However, net revenues dropped to $14.5 million from $41.7 million in the prior year, with a net loss of $(6.7) million.

Full House Resorts (NASDAQ: FLL) is scheduled to release its second quarter 2020 and year-to-date financial results on August 6, 2020. The announcement will be followed by a conference call at 3:00 p.m. ET, accessible via the company's website or by dialing the provided numbers. A replay will be available until August 20, 2020. The company warns that its statements may include forward-looking statements, subject to uncertainties and risks.

Full House Resorts (Nasdaq: FLL) has appointed Eric J. Green and Michael P. Shaunnessy to its board of directors. Eric Green brings over 20 years of investment experience, currently serving as Chief Investment Officer at Penn Capital. Michael Shaunnessy offers 37 years of expertise in gaming and hospitality, previously serving as CEO of Nevada Gold & Casinos, Inc., and held senior roles at MGM Resorts. The company expresses confidence in their contributions to strategic growth.

Full House Resorts (FLL) reported preliminary results from the reopening of Silver Slipper Casino & Hotel after a COVID-19 closure. Despite a 15.9% drop in guest counts, total casino win rose by 12.3%, supported by the Memorial Day weekend. Operational limits included reduced slot machines and table game positions due to health guidelines. The company anticipates the reopening of its Northern Nevada operations on June 4, and Rising Star Casino on June 14. Forward-looking statements caution about the ongoing impacts of COVID-19 on financial performance.

Full House Resorts (NASDAQ: FLL) announced the reopening of its Silver Slipper Casino & Hotel in Hancock County, Mississippi, which contributed approximately 44% of the company’s net revenues in 2019. The company continues to collaborate with regulators to reopen its other properties, expecting all locations to resume operations by mid-June 2020. The press release contains forward-looking statements regarding reopening timelines, which are subject to various uncertainties and risks including potential government actions related to the COVID-19 pandemic.

Full House Resorts (FLL) reported a net revenue drop of 23.8% to $30.9 million for Q1 2020, down from $40.5 million in Q1 2019, largely due to COVID-19-related casino closures. The company faced a net loss of $(4.4) million, reflecting a significant decline from the previous year's $(1.6) million. Adjusted EBITDA was $(1.2) million, compared to $3.6 million in 2019. The Silver Slipper Casino is expected to reopen by May 22, 2020, with all properties anticipated to restart operations by mid-June. Sports wagering contracts are projected to generate at least $7 million in annual revenue.