Full House Resorts revenue increases in Q2
The company has announced that revenue totalled $73.9m.
US.- Full House Resorts has announced results for the second quarter ended June 30. Revenue was $73.9m, up 0.6 year-over-year. The net loss was $10.4m, up by $8.6m. Adjusted EBITDA was $11.1m compared to $14.1m in the same period in 2024.
The company said the results reflect the continued ramp-up of operations at its two newest properties, American Place Casino and Chamonix Casino Hotel as well as the sale of Stockman’s Casino, modifications to sports agreements in mid-2024, and a decline in revenues at the Silver Slipper Casino and Hotel.
Daniel R. Lee, CEO of Full House Resorts, said: “American Place continued its strong ramp in operations, delivering record net revenue and operating profit in the second quarter. This strong performance reflects the growing awareness and popularity of American Place throughout Chicago’s populous northern suburbs. Over the coming quarters, we expect the financial results for our temporary American Place casino to continue to improve, as we add a poker room and continue to build awareness in the region. We also continue to make progress toward the start of construction of the permanent American Place facility.
“As we noted last quarter, we recently introduced a new management team at Chamonix. During the second quarter, that team focused principally on inefficient operations, identifying more than $4m of annual expenses that do not impact our high-end guest experience.”
The Midwest & South segment, which comprises Silver Slipper Casino and Hotel, Rising Star Casino Resort, and American Place Casino, generated $57.8m in revenue, up 4.2 per cent year-over-year. Adjusted Segment EBITDA was $12.8m, up 3.9 per cent year-over-year.
The West segment (Grand Lodge Casino, Stockman’s Casino (until the completion of its sale in April 2025), Bronco Billy’s Casino, and Chamonix Casino Hotel) posted $14.5m in revenue, down 4.4 per cent year-over-year. Adjusted EBITDA was $1.1m, up from $0.9m.
The sports wagering segment posted $1.7m in revenue in Colorado, Indiana, and Illinois, down from $2.9m. Adjusted EBITDA was $1.6m, down from $2.6m.
The company recently promoted Lewis Fanger to the position of president, chief financial officer, and treasurer.
