Full House Resorts Q1 revenue falls, misses analyst expectations

Full House Resorts

07/05/2026 21:40

Overview

U.S. casino operator's Q1 revenue declined and missed analyst expectations

Adjusted EBITDA rose 14.7% yr/yr, driven by growth at several casino properties

Net loss narrowed to $8.2 mln from $9.8 mln a year earlier

Outlook

Company expects permanent American Place casino to open in 18 months to two years

Full House Resorts anticipates refinancing existing bonds as part of planned casino financing

Company expects continued operational improvement at Chamonix/Bronco Billy’s in coming quarters

Result Drivers

AMERICAN PLACE GROWTH - Revenue at American Place Casino rose 7.1%, driven by increased awareness, popularity, and an expanding player database, according to CEO Daniel R. Lee

COLORADO OPERATIONS - Profitability at Chamonix/Bronco Billy’s improved significantly due to operational enhancements and new management hires, despite a slight revenue decline

REVENUE HEADWINDS - Overall revenue was negatively impacted by the sale of Stockman’s Casino and the termination of a sports wagering agreement

Company press release: ID:nGNX2Q9XTT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$74.40 mln
$77.22 mln (5 Analysts)
Q1 EPS
-$0.23
Q1 Net Income
-$8.2 mln
Q1 Operating Income
$2.35 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the casinos & gaming peer group is "buy"

Wall Street's median 12-month price target for Full House Resorts Inc is $4.00, about 58.7% above its May 6 closing price of $2.52

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)