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) will report its Q4 2020 and full-year financial results on March 8, 2021, with a conference call at 4:30 p.m. ET. The live audio webcast will be available on the company's website under the investor relations section. A replay will be accessible until March 22, 2021. This press release includes forward-looking statements that are subject to risks and uncertainties.
Full House Resorts (Nasdaq: FLL) has announced the pricing of $310 million in 8.25% senior secured notes due 2028. The notes, offered at 100% of principal, aim to redeem existing senior secured notes, fund the expansion of Bronco Billy’s Casino in Colorado, cover transaction fees, redeem warrants, and support general corporate purposes. The offering is set to close on February 12, 2021. The notes will not be publicly registered and are targeted at qualified institutional buyers. Forward-looking statements include risks related to debt repayment and the impact of COVID-19 on operations.
On January 25, 2021, Full House Resorts (Nasdaq: FLL) released preliminary financial results for Q4 2020. Consolidated net revenues are projected between $37.8M to $38.5M, down from $39.0M in Q4 2019. Operating income is expected to range from $7.1M to $8.0M, a significant recovery from a loss of $0.4M in the same quarter last year. The company anticipates a net income between $1.2M and $4.0M, a positive shift from a $4.1M loss in Q4 2019. Additionally, the planned expansion of Bronco Billy’s Casino has been increased by 67% to about 300 rooms, with a $180M investment expected to be financed by debt.
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.