Full House Resorts revenue grows 7.3% in Q1
Full House Resorts posted $75.1m in revenue for the first quarter.
US.- Full House Resorts has announced results for the first quarter ended March 31. Revenue rose by 7.3 per cent to $75.1m amid the ramp-up of American Place in Illinois and Chamonix Casino Hotel in Colorado.
Net loss for the first quarter of 2025 was $9.8m, down from $11.3m a year earlier. Adjusted EBITDA $12.4m.
Daniel R. Lee, president and chief executive officer of Full House Resorts, said: “Our three largest properties – American Place, Silver Slipper, and Chamonix – all made meaningful strides during the first quarter. At American Place, we are pleased with the strong continued ramp of our temporary facility. In March 2025, for example, we not only crossed $10m of monthly gaming revenue for the first time, but we nearly reached $11m. Our player database continues to expand at an impressive pace, recently surpassing 100,000 members.
“These milestones underscore American Place’s continuing momentum, as well as its strategic location in a highly attractive and underserved market. Chicago’s northern suburbs have long lacked a premium gaming and entertainment destination, and we believe the luxurious amenities of our planned permanent casino will fill that gap. We anticipate a significant uplift in performance when we transition from the temporary American Place facility to the permanent casino, similar to the results that have been reported in Rockford and other cities after temporary casinos transition into their permanent facilities.”
The Midwest and South segment, which includes American Place, Silver Slipper and Rising Star, reached $57.2m in revenue, a 4.6 per cent increase from the prior-year period. Adjusted segment EBITDA rose 3.4 per cent to $13.1m. In Colorado, revenue climbed 33.9 per cent to $15.6m, driven by Chamonix’s full operations compared to a phased rollout in the prior-year period. Adjusted segment EBITDA fell to a loss of $2.5m,.
The sports wagering segment posted steady revenue of $2.3m, with adjusted EBITDA improving to $2.2m from $1.9m last year. The company noted that its remaining sports betting partner in Colorado and Indiana plans to exit those markets by the end of 2025.
