Full House Resorts Extends Credit Facility, Advances American Place

Full House Resorts ( (FLL) ) has shared an update.

Full House Resorts, Inc. is a U.S. casino and hotel operator with properties across the Midwest, South and West, including American Place in Illinois, Silver Slipper in Mississippi, Rising Star in Indiana, Grand Lodge in Nevada, and the integrated Chamonix and Bronco Billy’s in Colorado. It also earns fees from contracted sports wagering skins in Colorado, Indiana and Illinois, focusing strategically on underserved regional gaming markets and balancing temporary and permanent casino facilities.

Reporting on March 5, 2026, the company said fourth-quarter 2025 revenue increased 3.4% to $75.4 million and full-year 2025 revenue rose 3.5% to $302.4 million, with growth at American Place and improving Colorado results offsetting the April 2025 sale of Stockman’s Casino and renovation-related softness at Grand Lodge, while net loss narrowed slightly to $40.2 million and Adjusted EBITDA held near $48 million. Management emphasized accelerating profitability at the temporary American Place, operational improvements at Chamonix/Bronco Billy’s and ongoing development of the permanent American Place resort, which is expected to begin foundation construction in March or April 2026 and open in roughly 18 to 24 months, backed by a recently extended revolving credit facility and a proposed Illinois bill to keep the temporary casino operating long enough to ensure continuity of jobs and tax revenue.

The most recent analyst rating on (FLL) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Full House Resorts stock, see the FLL Stock Forecast page.

Spark’s Take on FLL Stock

According to Spark, TipRanks’ AI Analyst, FLL is a Neutral.

Full House Resorts’ overall stock score is driven by robust revenue growth and improvements in key properties, as highlighted in the earnings call. However, ongoing profitability challenges, negative cash flow, and valuation concerns weigh heavily on the score. Technical indicators suggest a mixed outlook, with bearish momentum offsetting short-term stability.

To see Spark’s full report on FLL stock, click here.

More about Full House Resorts

Full House Resorts, Inc. is a U.S. casino and hotel operator with properties in regional markets including the Midwest, South and West, such as Silver Slipper Casino and Hotel, Rising Star Casino Resort, American Place Casino, Grand Lodge Casino, Bronco Billy’s Casino and Chamonix Casino Hotel. The company also operates contracted on-site and online sports wagering skins in Colorado, Indiana and Illinois, focusing on underserved gaming markets like northern Chicago and Colorado’s Cripple Creek area.

The company utilizes a mix of permanent and temporary casino facilities, including a temporary American Place venue in Waukegan, Illinois, while it develops a larger permanent resort. Its revenue base is diversified across gaming, hospitality and sports wagering, with growth currently driven by American Place and the ramp-up of Chamonix, alongside active capital management through senior secured notes and a revolving credit facility.

Full House Resorts reported on March 5, 2026 that fourth-quarter 2025 revenues rose 3.4% to $75.4 million and full-year 2025 revenues increased 3.5% to $302.4 million, driven by strong gains at American Place and improving results at Colorado’s Chamonix/Bronco Billy’s complex, partly offset by the April 2025 sale of Stockman’s Casino and renovation disruptions at Grand Lodge. The company remained loss-making, with a 2025 net loss of $40.2 million, but generated positive cash flow from operations due to significant non-cash depreciation, while Adjusted EBITDA held essentially flat at about $48 million.

Management highlighted accelerating profit growth at the temporary American Place casino, which benefited from rising brand awareness and limited competition in the northern Chicago market and helped lift Midwest & South segment revenues and Adjusted Segment EBITDA by 5.7% and 11.1% respectively in the fourth quarter of 2025. In Colorado, a refreshed management team, targeted marketing and property upgrades at Chamonix and Bronco Billy’s reduced segment losses, with Adjusted Segment EBITDA in the West improving to a $2.0 million loss from a $3.2 million loss year-on-year.

Operationally, the company is advancing its permanent American Place project after Waukegan’s city council unanimously approved revised site plans in September 2025 and architectural work neared completion, enabling expected foundation construction to begin in March or April 2026 and positioning the resort to open in roughly 18 to 24 months. A bill introduced in the Illinois legislature to extend the temporary American Place license by 18 months beyond August 2027 aims to prevent a gap in tax revenue and employment as the permanent casino comes online, while March 2026 amendments extended the company’s revolving credit facility maturity to August 15, 2027, modestly enhancing liquidity flexibility for ongoing development.

Average Trading Volume: 155,825

Technical Sentiment Signal: Sell

Current Market Cap: $83.08M

Find detailed analytics on FLL stock on TipRanks’ Stock Analysis page.