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. 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 (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.