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Full House Resorts Q2 revenue up; net loss narrows

Full House Resorts Q2 revenue up; net loss narrows


Overview

  • U.S. casino operator's Q2 revenue rose 5.6% yr/yr, slightly missing analyst expectations

  • Adjusted EBITDA for Q2 increased 19.5% yr/yr, reflecting improved profitability at key properties

  • Net loss narrowed to $8.7 mln from $10.4 mln as operating income turned positive


Outlook

  • Company expects continued growth at American Place and Chamonix as operations ramp up

  • Company anticipates opening permanent American Place casino in second half of 2028

  • Renovation-related disruptions at Grand Lodge Casino expected to continue until late 2027


Result Drivers

  • AMERICAN PLACE GROWTH - Revenue at American Place Casino rose 13.4% yr/yr, achieving new property records, per CEO Daniel R. Lee

  • CHAMONIX/BONCO BILLY’S MARKETING - Revenue at Chamonix/Bronco Billy’s grew 11.7% yr/yr, helped by new marketing programs and a growing database, per CEO Daniel R. Lee


Company press release: ID:nGNXbtTGSX


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Slight Miss*

$78.10 mln

$78.36 mln (5 Analysts)

Q2 Loss Per Share

$0.24

Q2 Net Loss

$8.69 mln

Q2 Operating Income

$2.27 mln

Q2 Pretax Loss

$8.57 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Reuters Recommended Reads

  • Aug 6 - PENN Entertainment Q2 revenue meets estimates on retail segment strength

  • Aug 4 - Red Rock Resorts Q2 revenue falls on Las Vegas weaker operations

  • Aug 4 - Wynn Resorts beats quarterly estimates on Macau strength, announces UAE casino opening date


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.)

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