FLL
Full House Resorts, Inc.3.0200
+0.1400+4.86%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Chamonix ops detailed; financing nears.
Q&A drilled into Chamonix's revenue deceleration, pinning it on prior inefficient promos that puffed top lines but hurt profits, while spotlighting new management's ops tweaks like faster housekeeping and revamped F&B driving loyalty surges—top database segment visits up 36% early 2026. American Place financing proposals promise no equity and acceptable rates in an all-in refinance, with foundations imminent but major CapEx skewed to 2027. Silver Slipper's new team targets high-teens margins from flat EBITDA. Indiana relocation faces referendum hurdles. Teams make the difference. Management stays bullish on ramps ahead; investors eye Colorado execution.
Key Stats
Market Cap
109.09MP/E (TTM)
-Basic EPS (TTM)
-1.11Dividend Yield
0%Recent Filings
10-K
FY2025 results
Full House Resorts posted FY2025 revenues of $302.4M, up 3.5% y/y, with casino revenues rising 6.2% to $230.3M on 3.4% higher slot coin-in. American Place and Chamonix fueled the gains, while Stockman's sale and Grand Lodge renovations tempered West segment growth; Midwest & South delivered 21.2% Adjusted EBITDA margin. Q4 momentum built at Chamonix post new GM hire, offsetting sports wagering contraction. Debt stands at $480M due 2028; $40.7M cash supports ops. Chamonix ramps unevenly.
8-K
Credit maturity extended
Full House Resorts extended its revolving credit facility maturity from January 1, 2027, to August 15, 2027, via a Fourth Amendment on March 3, 2026, with Capital One. Q4 revenues climbed 3.4% to $75.4M, driven by 11.0% growth at American Place, while full-year Adjusted EBITDA held at $48.1M. American Place breaks ground soon. Debt remains $450M due 2028.
8-K
Q3 revenue up, EBITDA surges
Full House Resorts posted Q3 revenues of $78.0M, up from $75.7M, with operating income jumping 40.3% to $3.4M and net loss narrowing to $(7.7)M. American Place hit a revenue record at $32.0M, up 14.0%, while Chamonix/Bronco Billy's added $2.1M to Adjusted EBITDA. New properties ramp fast. Debt remains $450M due 2028.
10-Q
Q3 FY2025 results
Full House Resorts posted Q3 revenue of $78M, up 3% y/y, with casino up 6.6% to $59.8M on stronger slots and tables; operating income climbed 40% to $3.4M while margins held firm. Midwest & South drove gains, up 7% to $58M, fueled by American Place's record quarter, yet West dipped on Stockman's sale and Grand Lodge disruptions. Cash fell to $30.9M amid $2M operating burn; $473M debt includes $450M 8.25% notes due 2028 and $30M revolver draw. Chamonix ramps steadily. Competition squeezes regional margins.
10-Q
Q2 FY2025 results
Full House Resorts posted flat Q2 revenues of $73.9M, up 0.6% y/y yet down slightly q/q from $75.3M, driven by a 4.2% y/y rise in Midwest & South casino play while West dipped 4.4% post-Stockman's sale. Operating loss flipped to $74K from $2.3M income y/y, with net loss widening to $10.4M or $0.29/share from $8.6M, as interest ate into slim margins—net trailed operating by over 20% due to $10.4M interest expense. Cash dipped to $32.1M with $1.6M operating outflow, but free cash flow wasn't disclosed in the 10-Q; debt held steady at $467.5M including $450M notes due 2028. Completed Stockman's divestiture in April for $9.2M total, recognizing minor net loss. Chamonix ramps steadily. Competition from bigger regional players could squeeze holds further.
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