Full House Resorts reports 1Q revenue decline

Full House have announced disappointing revenue figures for Q1.

05/15/20

Operator saw Q1 revenue fall 24.7 per cent to US$30.9million due to the on-going Covid-19 pandemic.

US.- Full House Resorts saw Q1 revenue fall 24.7 per cent to US$30.9million due to the on-going Covid-19 pandemic.

Casino gaming revenue was down 26.6 per cent year on year to $20.8 million. with food and beverage revenue down 19.3 per cent to $7million, a 19.3% fall.

Hotel revenue for the three-month period dropped 27.4 per cent year on year to $2million.

Online revenues increased 38.3 per cent to $1.1 million, almost a third of which came from online sports wagering through Rising Star and Churchill Downs Interactive’s BetAmerica online sportsbook in Indiana.

Full House President and CEO, Daniel R. Lee, said: “While the past several weeks have been challenging, we are beginning to see what we believe is the proverbial light at the end of the tunnel.”

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