Full House Resorts Q4 Revenues Rise 3.4%, Break Ground on New Casino in 2026
Full House Resorts’ Q4 revenue rose 3.4% to $75.4 million and full-year revenue grew 3.5% to $302.4 million, while adjusted EBITDA increased to $10.7 million in the quarter despite a $12.4 million net loss. The company will break ground on a permanent American Place Casino in spring 2026, targeting an 18–24 month opening.
1. Fourth-Quarter and Full-Year Financial Results
Full House Resorts reported consolidated revenues of $75.4 million in Q4 2025, up 3.4% year-over-year, and full-year revenues of $302.4 million, a 3.5% increase from 2024. Excluding the sale of Stockman’s Casino, revenues grew 5.6% for the quarter and 5.2% for the year. Net loss for Q4 was $12.4 million, or $0.34 per share, stable with the prior year, while adjusted EBITDA rose to $10.7 million in Q4 and $48.1 million for the full year.
2. Permanent American Place Casino Development
The company’s architects have completed working drawings and plan to seek building permits to break ground on the permanent American Place Casino in March or April 2026. Foundation work will use internal funding, aiming to accelerate completion in 18–24 months. A bill introduced in the Illinois legislature would extend the temporary casino’s operating permit by 18 months beyond its August 2027 expiration, ensuring uninterrupted operations.
3. Colorado Operations Improvements
Colorado operations at Chamonix Casino Hotel and Bronco Billy’s delivered revenue gains and expense reductions in Q4, narrowing seasonal losses. The company expanded its management team, launched targeted advertising, and refreshed casino amenities and dining options, including a new Mexican restaurant menu. These initiatives position Colorado properties for meaningful income contributions in 2026.