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Full House Resorts(FLL) - 2024 Q3 - Quarterly Results
2024-11-06 21:13
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]
Full House Resorts Announces Third Quarter Earnings Release Date
GlobeNewswire News Room· 2024-10-16 20:30
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. (FLL) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2024-08-07 00:15
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 ...
Full House Resorts (FLL) Surges 6.4%: Is This an Indication of Further Gains?
ZACKS· 2024-07-12 12:01
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 ...
Full House Resorts Announces Second Quarter Earnings Release Date
Newsfilter· 2024-07-09 12:00
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 ...
Full House Resorts(FLL) - 2024 Q1 - Quarterly Report
2024-05-08 22:05
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 March 31, 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 juri ...
Full House Resorts(FLL) - 2024 Q1 - Quarterly Results
2024-05-08 20:09
Exhibit 99.1 FULL HOUSE RESORTS ANNOUNCES FIRST QUARTER RESULTS - Revenues Increased 39.6% to $69.9 Million in the First Quarter of 2024 - American Place Casino Celebrates Its First Anniversary With Strong Performance Gains - Chamonix Casino Hotel Continued Its Phased Opening, With Its Remaining Hotel Rooms Brought Online During the First Quarter, While Its High-End Steakhouse, 980 Prime, Opened in April Conference Call Information We will host a conference call for investors today, May 8, 2024, at 4:30 p.m ...
Full House Resorts(FLL) - 2023 Q4 - Annual Report
2024-03-14 16:00
Risks Related to our Legal and Regulatory Environment ● We face extensive regulation from gaming and other regulatory authorities and the cost of compliance or failure to comply with such regulations may adversely affect our business and results of operations. ● Changes in legislation and regulation of our business could have an adverse effect on our financial condition, results of operations and cash flows. ● Stockholders may be required to dispose of their shares of our common stock if they are found unsu ...
Full House Resorts(FLL) - 2023 Q4 - Annual Results
2024-03-04 16:00
Exhibit 99.1 FULL HOUSE RESORTS ANNOUNCES FOURTH QUARTER AND FULL-YEAR RESULTS - Revenues Increased 66.4% to $60.0 Million in the Fourth Quarter of 2023; Annual Revenues Grew 47.6% - Chamonix Casino Hotel Began Its Phased Opening on December 27, 2023 - Approvals Received to Operate American Place in Its Temporary Configuration Until August 2027 Las Vegas – March 5, 2024 – Full House Resorts, Inc. (Nasdaq: FLL) today announced results for the fourth quarter and year ended December 31, 2023. "After several ye ...
Full House Resorts Announces Fourth Quarter Earnings Release Date
Newsfilter· 2024-02-09 13:00
LAS VEGAS, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Full House Resorts (NASDAQ:FLL) announced today that it will report its fourth quarter 2023 and full-year financial results on Tuesday, March 5, 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 ...