Financial Performance - Full House Resorts reported a quarterly loss of $0.30 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.06, marking an earnings surprise of -400% [1] - The company posted revenues of $75.69 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 6.44%, compared to revenues of $71.54 million a year ago [2] - The current consensus EPS estimate for the upcoming quarter is -$0.10 on revenues of $80.2 million, and for the current fiscal year, it is -$0.74 on revenues of $311.3 million [7] Stock Performance - Full House Resorts shares have declined approximately 4.7% since the beginning of the year, while the S&P 500 has gained 21.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Industry Outlook - The Gaming industry, to which Full House Resorts belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]

Financial Performance - Revenues for the three months ended September 30, 2024, increased by 5.8% to $75.687 million compared to $71.543 million in the same period of 2023[126]. - Operating expenses rose by 19.7% to $73.238 million for the three months ended September 30, 2024, compared to $61.186 million in the prior year[126]. - Operating income decreased by 76.4% to $2.449 million for the three months ended September 30, 2024, down from $10.357 million in 2023[126]. - Net loss for the three months ended September 30, 2024, was $8.472 million, a decline of 284.5% compared to net income of $4.593 million in the same period of 2023[126]. - Total revenues increased by 5.8% (or $4.1 million) for the three months ended September 30, 2024, and 21.0% (or $38.1 million) for the nine months ended September 30, 2024, compared to the prior-year periods[130]. - Adjusted EBITDA for the three months ended September 30, 2024, was $11.7 million, down from $20.6 million in the prior-year period[165]. Revenue Breakdown - Casino revenues for slots rose by 14.1% to $47,007 thousand for the three months and by 22.4% to $135,609 thousand for the nine months ended September 30, 2024[127]. - Non-casino revenues from food and beverage increased by 22.2% to $11,100 thousand for the three months and by 23.0% to $31,272 thousand for the nine months ended September 30, 2024[127]. - The Midwest & South segment revenues increased by 3.7% to $54,510 thousand for the three months and by 14.9% to $164,599 thousand for the nine months ended September 30, 2024[141]. - The West segment revenues surged by 74.9% to $19,387 thousand for the three months and by 74.3% to $47,571 thousand for the nine months ended September 30, 2024[141]. - Same-store revenues in the Midwest & South segment declined by 7.9% (or $2.3 million) and 5.9% (or $5.2 million) for the respective three and nine months ended September 30, 2024, attributed to adverse weather conditions[150]. Operating Expenses and EBITDA - Operating expenses increased by 19.7% (or $12.1 million) for the three months and 21.4% (or $37.9 million) for the nine months ended September 30, 2024, primarily due to new operations at American Place and Chamonix[131]. - Adjusted Segment EBITDA decreased by 38.5% to $13,484 thousand for the three months and by 2.4% to $43,683 thousand for the nine months ended September 30, 2024[141]. - Adjusted Segment EBITDA for the Midwest & South segment decreased by 12.8% (or $1.5 million) for the three months ended September 30, 2024, but increased by 10.6% (or $3.4 million) for the nine months ended September 30, 2024[153]. - Adjusted Segment EBITDA for the West segment declined by $1.1 million and $0.6 million for the respective three and nine months ended September 30, 2024, reflecting operational inefficiencies during the phased opening of Chamonix[158]. Sports Wagering - Contracted sports wagering agreements were amended in July 2024, resulting in the collection of $2.1 million in overdue payments[120]. - Contracted Sports Wagering total revenues decreased by 77.4% (or $6.115 million) for the three months ended September 30, 2024, and by 33.8% (or $3.534 million) for the nine months ended September 30, 2024[149]. - Adjusted Segment EBITDA for Contracted Sports Wagering declined by 74.1% (or $5.815 million) for the three months ended September 30, 2024, and by 36.9% (or $3.824 million) for the nine months ended September 30, 2024[149]. - The Illinois sports wagering agreement contributed $1.5 million to revenues and $1.4 million to Adjusted Segment EBITDA for the three months ended September 30, 2024[161]. Capital Expenditures and Cash Flow - Cash used in investing activities during the nine months ended September 30, 2024, was $37.7 million, primarily for Chamonix's construction, compared to $169.8 million in the prior year[176]. - Significant capital investments were made for Chamonix's completion, with expectations for similar investments for the permanent American Place facility[179]. - As of September 30, 2024, the company reported cash and equivalents of $33.6 million, including $7.7 million in restricted cash for Chamonix's construction[174]. - Cash used in operations for the nine months ended September 30, 2024, was $1.0 million, a decrease from cash provided by operations of $3.2 million in the prior year[175]. Corporate and Operational Developments - Corporate expenses increased by 36.1% to $1.7 million for the three months ended September 30, 2024, compared to $1.3 million in the prior-year period[163]. - Corporate expenses for the nine months ended September 30, 2024, rose by 55.0% to $5.4 million from $3.5 million in the prior-year period[163]. - The phased opening of Chamonix was completed in October 2024, with various amenities opening throughout 2024[180]. - The temporary American Place facility opened in February 2023, with operations extended to August 2027 due to legal proceedings[181]. - The company expects to internally generate funds for the permanent American Place facility but may require additional financing[181].

Revenue Performance - Revenues for the third quarter of 2024 were $75.7 million, a 5.9% increase from $71.5 million in the prior-year period[2] - American Place Casino's revenues rose 17.7% to $28.1 million, with Adjusted Property EBITDA increasing by 13.6% to $7.7 million compared to the third quarter of 2023[8] - Gaming revenues in Cripple Creek, Colorado, increased by 115% year-over-year, with total revenues from Colorado operations rising 178%[4] - Casino revenues increased to $56,116,000 for the three months ended September 30, 2024, compared to $50,240,000 for the same period in 2023, representing a growth of 11.7%[22] - Total revenues for the nine months ended September 30, 2024, reached $219,103,000, up from $181,031,000 in the same period of 2023, marking a 21.0% increase[22] - The Midwest & South segment reported total revenues of $54,510,000 for the three months ended September 30, 2024, an increase of 3.7% compared to $52,553,000 in 2023[25] Adjusted EBITDA and Income - Adjusted EBITDA for the third quarter of 2024 was $11.7 million, down from $20.6 million in the prior-year period due to elevated costs at Chamonix[2] - Adjusted EBITDA for the three months ended September 30, 2024, was $11,742,000, a decrease of 43.2% from $20,630,000 in the same period of 2023[28] - Operating income for the three months ended September 30, 2024, was $2,449,000, a decline from $10,357,000 in the same period of 2023[22] - Net loss for the three months ended September 30, 2024, was $(8,472,000), compared to a net income of $4,593,000 in the same period of 2023[28] - Basic loss per share for the three months ended September 30, 2024, was $(0.24), compared to earnings of $0.13 per share in the same period of 2023[22] Segment Performance - The Midwest & South segment reported revenues of $54.5 million, a 3.7% increase, while Adjusted Segment EBITDA decreased by 12.8% to $10.2 million[8] - The West segment's revenues rose 74.9% to $19.4 million, but Adjusted Segment EBITDA fell to $1.2 million from $2.3 million due to high operating expenses[10] - For the three months ended September 30, 2024, the Midwest & South segment reported an operating income of $4,091, while the Contracted Sports Wagering segment reported an operating income of $2,037, leading to a total adjusted segment EBITDA of $13,484[29] - For the nine months ended September 30, 2024, the Midwest & South segment achieved an operating income of $16,134, with total adjusted segment EBITDA reaching $35,206[31] - The Corporate segment reported an operating loss of $2,538 for the three months ended September 30, 2024, and a loss of $7,698 for the nine months ended September 30, 2024[29][31] Costs and Expenses - Selling, general and administrative expenses rose to $26,738,000 for the three months ended September 30, 2024, compared to $22,017,000 in the same period of 2023, an increase of 21.5%[22] - The total depreciation and amortization for the three months ended September 30, 2024, was $10,493, indicating ongoing investment in asset maintenance[29] - The Corporate segment incurred stock-based compensation costs of $706 for the three months ended September 30, 2024[29] Future Outlook and Risks - The company anticipates future operational performance improvements at Chamonix and American Place, including the ramp-up of operations and potential relocation of Rising Star Casino[33] - The company is facing risks related to substantial indebtedness and potential disruptions in supply chains, which could impact future performance[33] - The company is exploring the potential relocation of Rising Star Casino Resort, which would require state legislature approval[9] Other Notable Events - Chamonix Casino Hotel celebrated its official grand opening, with a marketing campaign set to commence following the event[5] - The company agreed to sell Stockman's Casino for $9.2 million, recognizing a $2.0 million gain from the sale of its real property[12] - The company operates multiple gaming facilities across the U.S., including American Place and Silver Slipper Casino, contributing to its diversified revenue streams[34] - Contracted Sports Wagering revenues decreased by 77.4% to $1,790,000 for the three months ended September 30, 2024, down from $7,905,000 in the same period of 2023[24] - Project development costs for the nine months ended September 30, 2024, included $119, while preopening costs were reported at $2,462[31]

Core Viewpoint - Full House Resorts is set to report its third quarter 2024 financial results on November 6, 2024, followed by a conference call for investors [1]. Group 1 - The conference call will take place at 4:30 p.m. ET (1:30 p.m. PT) and will be accessible via the company's website and by phone [1]. - A replay of the conference call will be available from shortly after the call until November 13, 2024, accessible through the company's website and by dialing a specific number with a passcode [2]. Group 2 - Full House Resorts operates various gaming facilities across the United States, including properties in Illinois, Mississippi, Colorado, Indiana, Nevada, and California [4].

Full House Resorts, Inc. (NASDAQ:FLL) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Lewis Fanger - CFO Daniel Lee - CEO Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Jordan Bender - Citizens JMP Ricardo Chinchilla - Deutsche Bank Maxwell Marsh - CBRE Securities Aaron Lee - Macquarie David Hargreaves - Barclays Operator Ladies and gentlemen, greetings, and welcome to the Full House Resorts Second Quarter 2024 Earnings Conference Call. At this time, a ...

Full House Resorts, Inc. (FLL) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -38.89%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.33, delivering a surprise of -120%. Over the last four quarters, the company ha ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-32583 FULL HOUSE RESORTS, INC. (Exact name of registrant as specified in its charter) Delaware (State or other juris ...

Exhibit 99.1 FULL HOUSE RESORTS ANNOUNCES SECOND QUARTER RESULTS - Revenues Increased 23.8% to $73.5 Million in the Second Quarter of 2024 - Chamonix Casino Hotel Continued Its Phased Opening, With Its High-End Steakhouse, Rooftop Pool, and Portions of Its Spa Opening During the Second Quarter - Extended Grand Lodge Casino Lease by Ten Years to December 31, 2034 Las Vegas – August 6, 2024 – Full House Resorts, Inc. (Nasdaq: FLL) today announced results for the second quarter ended June 30, 2024. On a consol ...

Full House Resorts, Inc. (FLL) shares rallied 6.4% in the last trading session to close at $5.30. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.3% gain over the past four weeks. This company is expected to post quarterly loss of $0.14 per share in its upcoming report, which represents a year-over-year change of +12.5%. Revenues are expected to be $79.1 million, up 33.2% from the year-ago quarter. The stoc ...

LAS VEGAS, July 09, 2024 (GLOBE NEWSWIRE) -- Full House Resorts (NASDAQ:FLL) announced today that it will report its second quarter 2024 financial results on Tuesday, August 6, 2024, followed by a conference call at 4:30 p.m. ET (1:30 p.m. PT). Investors can access the live audio webcast from the Company's website at www.fullhouseresorts.com under the investor relations section. The conference call can also be accessed by dialing (201) 689-8470. A replay of the conference call will be available shortly afte ...