Full House Resorts Q3 revenue rises 4.9%
FLL•Full House Resorts’ third-quarter revenue rose 4.9% to $81.8 million, slightly below the $81.9 million consensus estimate. The company posted a net loss of $8.65 million, compared with a smaller loss a year earlier.
1. Quarterly results
Full House Resorts reported third-quarter revenue of $81.8 million, up 4.9% and slightly below analysts’ $81.9 million estimate. The company recorded a net loss of $8.65 million, a loss per share of $0.24 and operating income of $4.42 million.
2. Casino performance
Revenue at American Place Casino increased 9.8% to a new property record. Rising Star revenue grew 10% year over year, while Chamonix and Bronco Billy’s recorded gains across table games, food and beverage, hotel and retail.
3. Company outlook
Full House expects continued growth at American Place as operations mature and at Chamonix and Bronco Billy’s. It is pursuing initiatives at Chamonix to improve profitability and expand its meeting business.
