0 ® CASINO S S OR R E Investor Update March 2020 11 Forward 2 -looking Statements & Regulation G This presentation contains statements by Full House and its officers that are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Some forward-looking statements in this press release include those regarding our operating trends and ...

Investor Presentation August 2023 Forward- 2 looking Statements & Regulation G This presentation contains statements by us and our officers that are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "expect," "future," "should," "will" and similar references to future periods. Some forward-looking statem ...

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November 2024 Chamonix: First Luxury Gaming Product in Cripple Creek 2 ● Construction of Chamonix is now essentially complete, with the jewelry store opening last week ● Just completed Grand Opening weekend ● First broad post-opening advertising campaign begins this week Chamonix Update 4 ● Drone footage ● First broad post-opening advertising campaign begins this week ● 30-second commercial Chamonix: Database is Growing 5 ● First broad post-opening ad campaign begins this week Chamonix Update 3 Chamonix: Da ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of FLL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I also have a beneficial long position in GDEN stockSeeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommen ...

LAS VEGAS, May 13, 2025 (GLOBE NEWSWIRE) -- Full House Resorts, Inc. (Nasdaq: FLL) (the “Company”) today announced that it has named Joshua Le Duff as its Senior Vice President and Chief Marketing Officer, subject to customary gaming approvals. Mr. Le Duff has extensive marketing experience in the casino industry, including in regional casino gaming markets. Most recently, he served as Vice President of Marketing at Pala Casino Spa Golf Resort, a AAA Four Diamond property and one of Southern California’s to ...

Revenue Performance - Consolidated total revenues increased by 7.3% (or $5.1 million) for the three months ended March 31, 2025, compared to the prior-year period, primarily due to the ramp-up of operations at American Place and Chamonix [138]. - Total revenues for the three months ended March 31, 2025, increased by 7.3% (or $5.1 million) compared to the same period in 2024, reaching $75.1 million [149]. - Casino revenue increased by 7.7% (or $3.1 million) for the three months ended March 31, 2025, with slot revenue up by 6.6% (or $2.2 million) and table games revenue up by 12.6% (or $1.0 million) [151]. - Casino revenues for the three months ended March 31, 2025, were $55.3 million, a 7.0% increase from $51.7 million in the prior year, with slot revenues increasing by 5.8% and table game revenues increasing by 13.5% [136]. Operating Expenses and Financial Performance - Operating expenses increased by 5.4% (or $3.8 million) for the three months ended March 31, 2025, primarily due to increased costs associated with the ramp-up of operations at American Place and Chamonix [139]. - Adjusted EBITDA for the three months ended March 31, 2025, was $11.5 million, a decrease of 7.4% compared to $12.4 million in the prior-year period [163]. - The net loss for the three months ended March 31, 2025, was $9.8 million, a 13.4% improvement from a net loss of $11.3 million in the prior year [134]. - Interest expense, net, was relatively flat at $10.3 million for the three months ended March 31, 2025, compared to $10.25 million in the prior year [142]. Segment Performance - Adjusted Segment EBITDA for the Midwest & South segment rose by 3.4% (or $0.4 million) to $13.1 million, while the West segment's Adjusted Segment EBITDA declined by $2.3 million to $(2.5) million [152][157]. - The Midwest & South segment's total revenues increased by 4.6% (or $2.5 million) due to growth at American Place, which offset declines at Silver Slipper and Rising Star [150]. - Non-casino revenue declined by 4.3% (or $0.6 million) primarily due to decreases at Silver Slipper, with food and beverage revenue down by 4.0% (or $0.3 million) and hotel revenue down by 15.3% (or $0.3 million) [151]. - Non-casino revenue in the West segment increased by 91.8% (or $2.1 million) for the three months ended March 31, 2025, largely due to the phased opening of Chamonix [156]. Cash Flow and Financing - Cash used in operations for the three months ended March 31, 2025, was $9.5 million, an increase from $4.4 million in the prior-year period [168]. - Cash used in investing activities during the same period was $2.9 million, significantly lower than $22.6 million in the prior-year period, primarily related to Chamonix construction [169]. - Cash provided by financing activities was $2.8 million for the three months ended March 31, 2025, compared to cash used of $0.5 million in the prior-year period [170]. - The company has $450.0 million in long-term debt and $30.0 million outstanding under the Credit Facility as of March 31, 2025 [173]. - The company may need additional financing for capital expenditures and plans to arrange such funding through refinancing existing debt [175]. Future Plans and Investments - Significant capital investments are expected for the permanent American Place facility, with construction potentially starting in the second half of 2025 [174]. - The temporary American Place facility opened in February 2023, and the company expects to generate a portion of the funds needed for the permanent facility internally [175]. - The company operates six casinos and benefits from seven permitted sports wagering skins across Colorado, Indiana, and Illinois [119]. - The company opened a temporary facility at American Place in February 2023, with plans for a permanent gaming facility to be built on adjoining land [119]. Tax and Regulatory Considerations - The company does not expect to pay any federal income taxes for 2025 due to tax carryforwards from prior years [145]. - The company’s operations are subject to various financial and regulatory risks that could impact future performance [172]. - Forward-looking statements indicate uncertainty regarding growth strategies and financial performance, emphasizing the potential for actual results to differ materially [182].

Financial Data and Key Metrics Changes - Adjusted property EBITDA at Silver Slipper grew by 21% year-over-year despite a slight decline in property revenue, with expectations of reaching mid-teens in adjusted EBITDA for the current year [6][7] - American Place achieved an all-time record gaming revenue month in March, crossing $10 million for the first time, with continued growth in the guest database [12][13] - The company extended the maturity date of its revolver from March 2026 to January 2027 and reduced the revolver balance to $25 million [14] Business Line Data and Key Metrics Changes - At Chamonix and Bronco Billy's, revenue grew by 34% in the first quarter, although EBITDA remained slightly negative due to expenses growing at a similar pace [9] - Significant cost savings were identified across various departments, including over $1.5 million in food and beverage and $800,000 from reduced overtime costs [10][11] Market Data and Key Metrics Changes - The company has doubled its gaming market share without significantly impacting other operators, indicating an undersaturated market [10] - The gaming revenue in the market is expected to grow as the company continues to attract customers who historically have not visited [10] Company Strategy and Development Direction - The company is focusing on management upgrades and operational improvements across its properties, with new general managers appointed to key locations [5][16] - Plans are underway to open a permanent facility for American Place, with a target to break ground in the second half of the year [26][28] - The company is exploring relocation opportunities for Rising Star to capitalize on more favorable market conditions in larger cities [55][62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving profitability in Q2 and expects continued revenue growth as properties mature [19][23] - The company is monitoring the bond market for refinancing opportunities to fund the construction of the permanent American Place [35][123] - Management acknowledged the challenges posed by tariffs but indicated potential benefits from a recession in terms of construction costs [43][44] Other Important Information - The company has completed the sale of Stockman's and is now focusing on its three primary properties [13][51] - A new Chief Marketing Officer has been hired to enhance marketing strategies, particularly in Colorado [12][15] Q&A Session Summary Question: Update on Colorado's performance and expenses - Management expects Q2 to be more profitable than Q1, with continued revenue growth and identified cost-saving opportunities [19][20] Question: Strategic outlook for the portfolio post-sale of Stockman's - The company views its three main properties as a strong foundation and is cautious about new acquisitions, focusing on existing opportunities [51][64] Question: Trajectory of sports wagering contracts - The market is dominated by a few large players, making it challenging to replace lost contracts, but the company is exploring options [66][68] Question: Timeline for reaching $20 million EBITDA - Management aims for a five-year timeline to exceed $20 million in EBITDA, with expectations of significant revenue growth from the permanent facility [72][74] Question: Confidence in new management teams - Management believes that fresh perspectives from new hires will lead to improved performance, citing past successes of new leadership [83][89] Question: Changes in customer visitation and spending - No significant changes in visitation frequency or spending have been noted, with some fluctuations attributed to weather and market conditions [110][114] Question: Capital expectations and liquidity for the second half of the year - The company is in good liquidity shape and plans to refinance existing debt while funding the construction of the permanent facility [121][123]

Financial Data and Key Metrics Changes - Adjusted property EBITDA at Silver Slipper grew by 21% year-over-year despite a slight decline in property revenue, with expectations of reaching mid-teens in adjusted EBITDA for the current year [5][6] - American Place achieved an all-time record gaming revenue month in March, crossing $10 million for the first time, with continued growth in the guest database [11][12] - The company extended the maturity date of its revolver from March 2026 to January 2027 and reduced the revolver balance to $25 million [13] Business Line Data and Key Metrics Changes - At Chamonix and Bronco Billy's, revenue grew by 34% in the first quarter, although expenses grew at a similar pace, resulting in a slight EBITDA loss [7][8] - Significant cost savings were identified across various departments, including over $1.5 million in food and beverage and $800,000 from reduced overtime costs [9][10] Market Data and Key Metrics Changes - The company has doubled its gaming market share without significantly impacting other operators, indicating a strong position in an undersaturated market [9] - The gaming revenue in the market has been affected by external factors such as weather conditions during peak periods like Mardi Gras [116] Company Strategy and Development Direction - The company is focusing on management upgrades and operational improvements across its properties, with new general managers appointed to key locations [15][84] - Plans are underway to build a permanent facility for American Place, with a target to break ground in the second half of the year [26][36] - The strategy includes relocating the Rising Star casino to capitalize on better market opportunities in Indiana [56][62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving profitability in Q2 and expects continued revenue growth as properties mature [19][23] - The company is monitoring the bond market for refinancing opportunities to fund the construction of the permanent American Place [35][126] - Management acknowledged the challenges posed by competition in the sports wagering market, dominated by a few large players [67][70] Other Important Information - The company has made significant management changes to improve operations, including hiring a new Chief Marketing Officer to enhance marketing strategies [14][15] - The company is exploring various financing options for the construction of the permanent facility, including refinancing existing debt [126] Q&A Session Summary Question: Update on Colorado's performance and expenses - Management expects Q2 to be more profitable than Q1, with continued revenue growth and identified cost-saving opportunities [19][20] Question: Strategic outlook for the portfolio post Stockman's sale - The company views its three major properties as a stable foundation and is focused on optimizing operations and exploring relocation opportunities for Rising Star [52][56] Question: Expectations for sports wagering contracts - The market is dominated by a few large firms, making it challenging to replace lost contracts, but the company is actively seeking opportunities [67][70] Question: Timeline for reaching $20 million EBITDA - Management anticipates reaching $20 million in EBITDA within three to five years, with a focus on positive growth trajectories [74][76] Question: Margins at American Place - Margins are expected to remain around 30% for the temporary facility, with potential increases once the permanent facility opens [101][102] Question: Changes in customer visitation and spending - No significant changes in visitation frequency or spending patterns have been observed, although external factors like weather have impacted revenues [116][121] Question: Capital expectations and liquidity for the second half of the year - The company is in good liquidity shape and plans to refinance existing debt while monitoring cash flow for construction expenses [124][126]

Full House Resorts (FLL) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Speaker0 Afternoon, ladies and gentlemen, and welcome to the Full House Resorts First Quarter twenty twenty five Earnings Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. This call is being recorded on Thursday, 05/08/2025. I would now like to turn the conference over to Adam Campbell. Please go ahead. Speaker1 Thank you. Good afternoon. Welcome to our firs ...