The third quarter performance helped the company continue its financial growth.
US.- Casino developer and operator Full House Resorts announced the results for the third quarter ending September 30. Net revenues in the three-month period increased to US$44 million from US$43.7 million in the prior year’s same period.
Net income doubled from US$800k to US$1.6 million, while adjusted EBITDA increased to US$6.5 million from US$6.4 million. Net revenues at Silver Slipper Casino and Hotel were US$17.9 million, approximately US$1.5 million more than the year before. Rising Star Casino Resort reported net revenues of US$12.2 million, while adjusted property EBITDA improved 14.1%.
“The past few months have been eventful ones for our growing company,” said Daniel R. Lee, president and chief executive officer of Full House Resorts. “We continue to benefit from property investments made over the past two years, as seen in this quarter’s solid results. We also recently completed several more investments.