Exhibit 99.1 FULL HOUSE RESORTS ANNOUNCES FIRST QUARTER RESULTS - Revenues Increased 7.3% in the First Quarter of 2025 - American Place Casino Achieved a New Property Record in March 2025, Reaching $10.9 Million of Monthly Gaming Revenue - Revenues from Our Colorado Operations Increased 33.9% in the First Quarter of 2025 - Silver Slipper Benefited from New Leadership and Operational Improvements Las Vegas – May 8, 2025 – Full House Resorts, Inc. (Nasdaq: FLL) today announced results for the first quarter en ...

- Revenues Increased 7.3% in the First Quarter of 2025 - American Place Casino Achieved a New Property Record in March 2025, Reaching $10.9 Million of Monthly Gaming Revenue - Revenues from Our Colorado Operations Increased 33.9% in the First Quarter of 2025 - Silver Slipper Benefited from New Leadership and Operational Improvements LAS VEGAS, May 08, 2025 (GLOBE NEWSWIRE) -- Full House Resorts, Inc. (Nasdaq: FLL) today announced results for the first quarter ended March 31, 2025. On a consolidated basis, ...

Core Viewpoint - Full House Resorts will report its first quarter 2025 financial results on May 8, 2025, followed by a conference call for investors [1] Group 1: Financial Reporting - The financial results will be announced on May 8, 2025, at 4:30 p.m. ET [1] - A live audio webcast of the conference call will be available on the company's website [1] - Investors can also join the conference call by dialing (646) 307-1865 [1] Group 2: Conference Call Replay - A replay of the conference call will be accessible shortly after the call until May 22, 2025 [2] - The replay can be accessed via the company's website or by dialing (412) 317-6671 with the passcode 1125724 [2] Group 3: Company Overview - Full House Resorts owns, leases, develops, and operates gaming facilities across the United States [4] - The company's properties include locations in Illinois, Mississippi, Colorado, Indiana, and Nevada [4]

Group 1 - Full House Resorts (NASDAQ: FLL) is perceived as a particularly risky investment within the regional gaming sector due to macroeconomic uncertainties affecting investor sentiment [1] - The overall gaming industry is facing caution from investors regarding its near-term prospects, influenced by broader economic conditions [1]

Core Insights - Full House Resorts, Inc. has appointed Brandon Lenssen as Vice President and General Manager of Chamonix Casino Hotel in Cripple Creek, Colorado, pending customary gaming approvals [1] - Mr. Lenssen has nearly 30 years of experience in the gaming industry, previously serving as Vice President and General Manager for Quick Custom Intelligence and Bally's Black Hawk [2][3] - The company aims to enhance the guest experience and operational efficiency at Chamonix Casino Hotel through data-driven strategies and innovative solutions [4] Company Overview - Full House Resorts owns, leases, develops, and operates gaming facilities across the United States, including properties in Illinois, Mississippi, Colorado, Indiana, and Nevada [6] - The company is focused on improving game performance, marketing, and player engagement through strategic leadership and operational expertise [2][4] Compensation Details - In connection with Mr. Lenssen's hiring, the Compensation Committee approved a grant of 24,213 restricted shares as an inducement equity award, which will vest over three years [4]

Competition and Market Risks - The company faces significant competition in the gaming and entertainment sector, which could impact revenue if consumer spending declines[14]. - The company is subject to various risks including economic downturns, natural disasters, and regulatory changes that could adversely affect operations and financial condition[14]. - The company relies on key personnel and faces challenges in attracting and retaining employees, which could impact operational efficiency[14]. Financial Performance - The company's total revenues for the year ended December 31, 2024, were $292.065 million, an increase of 21.2% compared to $241.060 million in 2023[281]. - Casino revenues increased to $216.880 million in 2024, up 22.6% from $176.933 million in 2023[281]. - The net loss for the year ended December 31, 2024, was $40.672 million, compared to a net loss of $24.904 million in 2023, reflecting a 63.3% increase in losses[281]. - Basic loss per share for 2024 was $1.16, compared to $0.72 in 2023, indicating a significant increase in loss per share[281]. - The company reported operating income of $2.750 million for 2024, a turnaround from an operating loss of $1.162 million in 2023[281]. - Total operating costs and expenses increased to $289.315 million in 2024, up from $242.222 million in 2023, reflecting a rise of 19.5%[281]. - Cash flows from operating activities provided $13,845,000 in 2024, down from $22,345,000 in 2023, indicating a decline of 38.3%[286]. - The company reported a net decrease in cash and cash equivalents of $33,573,000 for the year, compared to a decrease of $117,382,000 in 2023, showing a reduction in cash outflow[286]. Debt and Financial Obligations - The company has significant indebtedness, which could limit financial flexibility and affect its ability to meet obligations[17]. - The company’s long-term debt as of December 31, 2024, was $468.139 million, slightly up from $465.153 million in 2023[283]. - Interest expense for the year ended December 31, 2024, was $43,201,000, up from $22,977,000 in 2023, indicating an increase of approximately 88%[381]. - The Company issued a total of $450,000,000 in Senior Secured Notes due 2028, with an interest rate of 8.25%[367]. Operational Challenges - Rising operating costs and wage increases may negatively affect the company's profitability[14]. - The company is engaged in construction and development projects, with potential risks of exceeding budgeted costs and regulatory delays[17]. - The company’s operations are heavily regulated, and compliance costs or failures could adversely impact business results[20]. Strategic Initiatives - The company plans to continue evaluating its strategic plans and forecasts in light of changing market conditions and regulatory environments[280]. - The company opened the temporary American Place facility in February 2023 and completed the phased opening of Chamonix in October 2024, expanding its operational footprint[291]. - The company entered into an agreement to sell Stockman's Casino in August 2024, indicating a strategic divestment[292]. Revenue Streams and Segments - The company’s revenue primarily consists of casino gaming, food and beverage, hotel, and other revenues, with casino gaming being the largest contributor[321]. - Adjusted Segment EBITDA for the Midwest & South segment was $45,737,000, while the West segment reported a loss of $1,302,000, leading to a total Adjusted Segment EBITDA of $53,938,000 for the Company[427]. - Other operations, including contracted sports wagering, contributed $20,719,000 to total revenues, reflecting growth in this area[430]. Asset Management - Total assets decreased from $688,457,000 in 2023 to $673,334,000 in 2024, with notable declines in the Midwest & South and West segments[426]. - The carrying value of goodwill decreased from $21,286,000 at the beginning of 2023 to $19,477,000 by December 31, 2024, primarily due to the sale of assets[354]. - Total assets held for sale amounted to $2,486,000 as of December 31, 2024, which includes cash, inventories, property, and goodwill[351]. Employee and Compensation - The Company’s matching contributions to the defined contribution plan were $300,000 for both 2024 and 2023, maintaining a 50% matching rate on employee contributions[412]. - Stock-based compensation expense totaled $2,873,000 for the year ended December 31, 2024, slightly down from $2,882,000 in 2023[419]. Tax and Deferred Assets - The Company had gross federal net operating loss carryforwards totaling $57.4 million and state tax carryforwards of $193.2 million as of December 31, 2024[402]. - The Company recognized a deferred tax asset valuation allowance of $35.634 million as of December 31, 2024, compared to $23.966 million in 2023, reflecting an increase of approximately 48.73%[402].

Financial Data and Key Metrics Changes - Fourth quarter revenues increased by 27%, with a total annual increase of 42% for the year, and EBITDA rose by 60% [6][8][19] - The company reported a market share of 26.9% in the fourth quarter, more than doubling its gaming market share year over year [112] Business Line Data and Key Metrics Changes - American Place continues to perform strongly, with revenues up 27% in Q4 and 42% for the year, while EBITDA increased by 60% [6][19] - Chamonix, despite being in its early stages, saw revenues more than double in the fourth quarter, although it experienced a slight loss due to high operating expenses [21][22] Market Data and Key Metrics Changes - The company is positioned in a favorable demographic area, with Lake County having a population of about one million and being one of the wealthier counties [57][70] - Comparisons with other casinos indicate that the company’s temporary casino is outperforming others in similar markets, suggesting strong future revenue potential [16][17] Company Strategy and Development Direction - The company plans to finance the construction of a permanent facility in Waukegan, estimated to cost around $325 million, without issuing equity [10][12] - Management is focused on improving operational efficiency and enhancing customer experience through strategic hires and management changes [27][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future performance of American Place, citing strong revenue potential and favorable market conditions [15][19] - The company is optimistic about the growth of Chamonix, expecting revenues to climb as the facility matures [22][68] Other Important Information - The company is not actively seeking acquisitions but remains open to opportunities that align with its strategic goals [94] - Management has made significant changes in leadership to enhance operational performance and address challenges in specific properties [28][33] Q&A Session Summary Question: How do challenges at Chamonix affect plans for American Place? - Management confirmed that plans for American Place remain unchanged, with a guaranteed minimum spend of $500 million already partially invested [52] Question: Are there changes in material prices due to tariffs for construction in Illinois? - Management acknowledged the potential for price changes but has not hedged against them, assuming higher costs in their budget [78][80] Question: Is the company looking for M&A opportunities? - Management clarified that they are not actively pursuing acquisitions but are open to good deals that may arise [94] Question: What are the expectations for table volumes and slot volumes at Chamonix? - Management noted that table games have been a weak point, but they are implementing changes to improve performance in that area [102][104] Question: Can you discuss the margins at American Place? - Management indicated that while margins are not at target levels yet, they expect gradual improvement as revenues grow and expenses are controlled [121]

Revenue Growth - Quarterly revenues increased by 21.5% to $73.0 million compared to $60.0 million in the prior-year period[2] - Full-year revenues for 2024 were $292.1 million, a 21.2% increase from $241.1 million in 2023[3] - Revenues for the American Place Casino rose 27.5% in Q4 2024 and 42.4% for the full year compared to 2023[5] - Revenues for Colorado operations increased by 161.1% in Q4 2024 and 159.9% for the full year[1] - Total revenues for Q4 2024 reached $72,962,000, a 21.6% increase from $60,029,000 in Q4 2023[25] - Casino revenues increased to $54,406,000 in Q4 2024, up 20.4% from $45,347,000 in Q4 2023[25] - Year-to-date revenues for 2024 totaled $292,065,000, a 21.2% increase from $241,060,000 in 2023[25] Adjusted EBITDA - Adjusted EBITDA for the fourth quarter of 2024 was $10.4 million, reflecting a 42.0% increase from $7.3 million in the prior-year period[2] - Adjusted Segment EBITDA for Q4 2024 was $10,356,000, representing a 42.2% increase compared to $7,295,000 in Q4 2023[32] - Adjusted Segment EBITDA for the year 2024 was $48,648,000, marginally up from $48,557,000 in 2023[32] - The total adjusted EBITDA for the year ended December 31, 2024, was $48,648,000, up from $48,557,000 in 2023, indicating a slight increase year-over-year[35] - The Midwest & South segment achieved an adjusted EBITDA of $45,737,000 for the year ended December 31, 2024, compared to $39,028,000 in 2023, indicating strong performance in this region[35] Operating Income and Loss - Net loss for Q4 2024 was $12,299,000, slightly improved from a net loss of $12,482,000 in Q4 2023[32] - Basic loss per share for Q4 2024 was $0.35, consistent with $0.36 in Q4 2023[25] - For the three months ended December 31, 2024, Full House Resorts reported an operating income of $4,496,000 in the Midwest & South segment, compared to a loss of $894,000 in the same period of 2023, representing a significant improvement[33] - The West segment reported an operating loss of $7,890,000 for the three months ended December 31, 2024, compared to a loss of $3,669,000 in the same period of 2023, reflecting ongoing challenges in this segment[34] - The corporate segment incurred an operating loss of $968,000 for the three months ended December 31, 2024, compared to a loss of $1,854,000 in the same period of 2023, showing improved cost management[34] Future Plans and Projects - The company plans to break ground on the permanent American Place casino later in 2025, with completion expected by August 2027[6] - Full House Resorts anticipates growth projects, including the construction of the permanent American Place facility, with expected operational performance improvements[36] - The company expects to generate operating cash flow and secure debt financing for its growth projects, although it acknowledges potential risks related to construction and market conditions[36] - The company is focused on managing expenses effectively and completing construction projects on time and within budget to enhance overall financial performance[36] Segment Performance - The Midwest & South segment revenues were $55.0 million in Q4 2024, a 12.1% increase from $49.1 million in the prior-year period[12] - Midwest & South segment revenues for Q4 2024 were $55,026,000, a 12.1% increase from $49,094,000 in Q4 2023[26] - Contracted Sports Wagering revenues decreased to $1,858,000 in Q4 2024, down 20.8% from $2,347,000 in Q4 2023[28] - Same-store total revenues for the Midwest & South segment decreased by 0.8% in Q4 2024 compared to Q4 2023[28] - Contracted Sports Wagering generated an operating income of $2,954,000 for the three months ended December 31, 2024, consistent with the previous year’s performance[33] - Full House Resorts operates multiple gaming facilities across the U.S., including American Place and Silver Slipper Casino, contributing to its diversified revenue streams[37]

Core Insights - Full House Resorts, Inc. reported a consolidated revenue increase of 21.5% to $73.0 million in Q4 2024, compared to $60.0 million in the prior year [2] - The company experienced a net loss of $12.3 million in Q4 2024, slightly improved from a net loss of $12.5 million in Q4 2023 [2] - For the full year 2024, revenues reached $292.1 million, a 21.2% increase from $241.1 million in 2023, with a net loss of $40.7 million [3] Revenue Growth - American Place Casino's revenues rose 27.5% in Q4 2024 and 42.4% for the full year compared to 2023 [5] - Chamonix Casino Hotel's revenues increased significantly, with a 161.1% rise in Q4 and a 159.9% increase for the full year [3][8] - The Midwest & South segment reported revenues of $55.0 million in Q4 2024, a 12.1% increase from $49.1 million in the prior year [11] Operational Performance - Adjusted EBITDA for Q4 2024 was $10.4 million, a 42.0% increase from $7.3 million in Q4 2023, reflecting strong growth at American Place [2] - The full year Adjusted EBITDA remained flat at $48.6 million, impacted by construction disruptions and elevated costs at Colorado operations [3] - The company is focusing on profitability and sustainable growth, particularly in Colorado, with new management hires to enhance operations [9][10] Future Outlook - The company plans to break ground on the permanent American Place casino later in 2025, with completion expected by August 2027 [6] - Marketing efforts for Chamonix are anticipated to ramp up in 2025, aiming to capture a larger market share [8][10] - The company is evaluating financing options for the permanent facility, including potential refinancing of existing debt [16]

Financial Data and Key Metrics Changes - The company reported a disappointing quarter, particularly in Colorado, with total expenses rising significantly from $4.3 million in Q1 2023 to $13.7 million in Q3 2024, while revenues increased from $3.7 million in Q1 2023 to $13.0 million in Q3 2024, indicating that revenue growth was only keeping pace with expense growth [7][8][9]. - The EBITDA for Colorado was a loss of $0.7 million compared to a profit of $0.1 million in the previous year, reflecting operational challenges [26]. Business Line Data and Key Metrics Changes - The American Place casino showed strong performance with EBIT of $7.7 million, a 13.3% increase year-over-year, and a 17.6% increase in revenues, marking its best quarter to date [46]. - The Silver Slipper's EBITDA decreased from $3.6 million to $2.6 million due to adverse weather conditions affecting customer attendance [30]. Market Data and Key Metrics Changes - The company noted that occupancy rates in Colorado improved significantly, reaching over 80% in September 2024, up from 50% in the spring [11]. - The mailing list marketing strategy yielded mixed results, with one successful campaign achieving a 3% response rate, while a larger, less targeted list resulted in only 0.8% response [14][19]. Company Strategy and Development Direction - The company plans to enhance its marketing efforts by hiring a new VP of Advertising and increasing the number of casino hosts to improve customer acquisition and retention [23][24]. - There is a proposal to relocate the Rising Star casino to Fort Wayne, Indiana, which is expected to enhance revenue potential, although it requires legislative approval [38][39]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, particularly in 2025, as they expect revenues to grow faster than expenses, leading to improved margins [10][52]. - The company is focusing on building a mailing list and improving customer engagement through targeted marketing campaigns and events [20][90]. Other Important Information - The company sold the Fallon property in a two-stage transaction for a total of $9 million, which is seen as a positive move to streamline operations [53]. - The company is experiencing a rebound in October, with slot volumes up 13% and table game volumes up 46% compared to the previous year [58]. Q&A Session Summary Question: What is the outlook for Chamonix and margin progression? - Management indicated that 2025 is expected to show meaningful margin improvement, with steady revenue growth anticipated over the next few years [68][75]. Question: What is the growth outlook for the legacy portfolio outside of Illinois and Colorado? - Management expressed confidence in the Silver Slipper's potential to achieve higher earnings and mentioned that the Tahoe property could benefit from improvements made by its owner, Larry Ellison [99][100].