Full House Resorts ( (FLL) ) has released its Q1 earnings. Here is a breakdown of the information Full House Resorts presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Full House Resorts, Inc. operates gaming facilities across the United States, offering a range of entertainment and hospitality services in the casino industry. The company is known for its strategic locations and diverse gaming options.
In the first quarter of 2025, Full House Resorts reported a 7.3% increase in revenues, amounting to $75.1 million, driven by the performance of its new properties, American Place Casino and Chamonix Casino Hotel. Despite the revenue growth, the company posted a net loss of $9.8 million, a slight improvement from the previous year’s loss.
Key highlights from the quarter include a record monthly gaming revenue of $10.9 million at American Place Casino in March 2025 and a significant 33.9% revenue increase from the Colorado operations. The Silver Slipper Casino also showed operational improvements under new leadership, contributing to a $0.6 million increase in operating income despite a revenue decline.
Looking ahead, Full House Resorts is focused on enhancing profitability through cost efficiencies and strategic management changes, particularly at its Chamonix property. The company anticipates further growth as it transitions American Place from a temporary facility to a permanent casino, expecting a boost in performance similar to other markets.
Overall, Full House Resorts remains committed to expanding its market presence and improving operational efficiencies to drive future growth and shareholder value.