Full House Resorts Reports $74.4M Q1 Revenues, 218% Operating Income Surge
Full House Resorts posted Q1 revenues of $74.4 million, with consolidated operating income jumping 218.4% to $2.4 million and net loss narrowing to $8.2 million. Adjusted EBITDA rose 14.7% to $13.2 million, driven by a 7.1% gain at American Place Casino and broad growth across properties.
1. First Quarter Financial Results
Full House Resorts generated $74.4 million in revenues for the quarter ended March 31, 2026, with consolidated operating income rising 218.4% to $2.4 million and net loss narrowing to $8.2 million. Adjusted EBITDA climbed 14.7% to $13.2 million, reflecting growth at American Place, Rising Star, Silver Slipper and Chamonix/Bronco Billy’s properties.
2. Segment Performance and Regional Highlights
The Midwest & South segment delivered revenues of $59.4 million, up 3.8%, and segment EBITDA rose 13.1% to $14.8 million, led by a 7.1% increase at American Place Casino. Chamonix/Bronco Billy’s improved profitability through operational enhancements, new leadership hires and refreshed guest amenities ahead of the peak summer season.
3. American Place Permanent Facility Project
The City of Waukegan approved earthmoving plans for the permanent American Place casino, and Full House entered pre-construction agreements with Power Construction and Richardson Builders. Management anticipates refinancing bonds maturing in February 2028 to fund construction, with an 18–24 month build pending legislative extension of temporary casino operations.