Full House Resorts Announces Third Quarter Results
Key Highlights
- ➤Q3 revenue $81.8 million, up 4.9% year over year
- ➤Q3 net loss widened to $8.6 million from $7.7 million
- ➤Adjusted EBITDA fell to $14.6 million from $14.8 million
- ➤American Place Q3 revenue increased 9.8%, setting a property record
- ➤Midwest & South segment EBITDA rose 18.0% to $13.6 million
Expert Statements
Daniel R. Lee, Chief Executive Officer of Full House Resorts
“Our third quarter results reflect continued momentum across our portfolio, led once again by American Place”
Daniel R. Lee, Chief Executive Officer of Full House Resorts
“Since its opening in February 2023, revenues and profits at American Place have increased in every quarter when compared to the prior-year period.”
Daniel R. Lee, Chief Executive Officer of Full House Resorts
“We believe our temporary facility will continue to grow in the coming quarters, and we look forward to even greater contributions from our permanent American Place casino, which is expected to open approximately two years from now.”
Daniel R. Lee, Chief Executive Officer of Full House Resorts
“At Chamonix/Bronco Billy’s, revenues grew across table games, food and beverage, hotel, retail, and several other departments.”
Daniel R. Lee, Chief Executive Officer of Full House Resorts
“We are also executing on new initiatives to further advance our profit objectives at the property, while minimizing disruptions to customer service.”
Daniel R. Lee, Chief Executive Officer of Full House Resorts
“These initiatives are in addition to the revenue growth that we have seen – and expect to continue to see – at Chamonix/Bronco Billy’s.”
Daniel R. Lee, Chief Executive Officer of Full House Resorts
“Our other properties also delivered strong results in the quarter.”
Daniel R. Lee, Chief Executive Officer of Full House Resorts
“At Rising Star, revenues grew 10.0% from last year’s third quarter, also resulting in growth in operating profits.”
Daniel R. Lee, Chief Executive Officer of Full House Resorts
“At Silver Slipper, the property’s management team took a focused look at its cost structure, revising our marketing strategy and controlling departmental expenses.”
Daniel R. Lee, Chief Executive Officer of Full House Resorts
“Those efforts produced improved margins and meaningful growth in operating profits.”
Management, Management of Full House Resorts
“We utilize Adjusted Segment EBITDA as the measure of segment profitability in assessing performance and allocating resources at the reportable segment level.”
Management, Management of Full House Resorts
“We also utilize Adjusted EBITDA, which is defined as Adjusted Segment EBITDA, net of corporate-related costs and expenses.”
- Consolidated Revenues Rose 4.9% Over the Prior-year Period, With Increases at American Place, Chamonix/Bronco Billy’s and Rising Star
- American Place Casino, In Particular, Continued Its Strong Growth, With Revenues Increasing 9.8% in the Third Quarter of 2026 and Setting a New Property Record
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