Full House Resorts revenue increases in Q3
Revenue totalled $78m, up from $75.7m in the prior-year period.
US.- Full House Resorts has announced results for the third quarter. Revenue totalled $78m, up from $75.7m in the prior-year period. According to the company, its net loss improved to $7.7m from $8.5m. Adjusted EBITDA was $14.8m, up 26.1 per cent.
The company said these results reflect growth operations at American Place Casino and Chamonix Casino Hotel, partially offset by the sale of Stockman’s Casino in April and renovation-related disruptions at Grand Lodge Casino.
The Midwest & South segment, which comprises Silver Slipper Casino and Hotel, Rising Star Casino Resort and American Place Casino, generated revenue of $58.3m, a 7 per cent increase year-over-year. Adjusted segment EBITDA was $11.6m, up 12.7 per cent.
The West segment (Grand Lodge Casino, Stockman’s Casino (until the completion of its sale in April), Bronco Billy’s Casino, and Chamonix Casino Hotel), generated revenue of $18m, compared to $19.4m in the prior-year period. Adjusted segment EBITDA rose 167.9 per cent to $3.2m
The sports betting segment posted revenue of $1.6m in Colorado, Indiana, and Illinois, compared to $1.8m in the same period in 2024, and adjusted segment EBITDA of $1.5m, compared to $2m.
Daniel R. Lee, chief executive officer of Full House Resorts, said: “Both American Place and Chamonix shined during the third quarter. American Place continues to deliver outstanding growth, setting new records for revenue and profitability in the third quarter. Its customer database also continues to grow, having recently surpassed 115,000 members. Driven by the success of our temporary American Place casino, we remain excited for the construction of our permanent American Place facility. We recently received unanimous site approval for our permanent facility from the Waukegan City Council.”
In Q2, the company reported revenue of $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.
