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 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 an undersaturated market [9] - The gaming revenue in the market has shown resilience despite challenges, with the company optimistic about future growth [11][12] Company Strategy and Development Direction - The company is focusing on management upgrades and operational improvements across its properties, with new general managers in key locations [4][15] - Plans are underway for the permanent American Place, with a target to break ground in the second half of the year, leveraging expertise from a top architectural firm [26][28] - The company is exploring opportunities for relocating Rising Star to more lucrative markets, particularly Indianapolis and Fort Wayne [55][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving profitability in Q2, with expectations for continued revenue growth and cost reductions [19][23] - The company is monitoring the bond market for financing options for the permanent American Place, with a focus on refinancing existing debt [35][123] - Management acknowledged the potential impact of economic conditions on operations but remains optimistic about the company's positioning in the market [44][46] Other Important Information - The company has made significant management changes to enhance operational efficiency and address past mismanagement issues [15][90] - The company is actively working on improving its marketing strategies to better target customers and enhance revenue [10][14] Q&A Session Summary Question: Update on Colorado's performance and expectations for Q2 - Management expects Q2 to be significantly better than Q1, with hopes of profitability driven by revenue growth and cost reductions [19][20] Question: Strategic positioning of the remaining portfolio - The company views its three major properties as a stable foundation and is considering relocation opportunities for Rising Star to capitalize on better markets [51][55] Question: Outlook for sports wagering contracts - The sports wagering market is dominated by a few major players, making it challenging for the company to secure new partnerships [65][66] Question: Expectations for EBITDA growth - Management anticipates reaching $20 million in EBITDA within five years, with a focus on positive growth trajectories [71][73] Question: Changes in customer visitation and spending - No significant changes in visitation frequency or spending patterns were noted, with some fluctuations attributed to weather 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 its debt while monitoring cash flow as construction for the permanent facility begins [121][123]

Core Insights - Full House Resorts, Inc. reported a 7.3% increase in consolidated revenues for Q1 2025, reaching $75.1 million compared to $69.9 million in the same period last year [2] - The company experienced a net loss of $9.8 million in Q1 2025, an improvement from a net loss of $11.3 million in the prior-year period [2][24] - Adjusted EBITDA for Q1 2025 was $11.5 million, down from $12.4 million in the previous year [2][22] Revenue Performance - American Place Casino achieved a record monthly gaming revenue of $10.9 million in March 2025 [1] - Revenues from Colorado operations increased significantly by 33.9% year-over-year [6] - The Midwest & South segment generated revenues of $57.2 million, a 4.6% increase from $54.6 million in the prior-year period [7][22] - The West segment saw revenues rise by 19.8% to $15.6 million, reflecting the full opening of Chamonix Casino Hotel [8][22] Operational Highlights - American Place Casino's player database surpassed 100,000 members, indicating strong customer engagement [3] - Silver Slipper Casino benefited from new leadership, resulting in improved operating income despite a revenue decline [5] - Chamonix Casino Hotel is focusing on cost efficiencies and has identified several million dollars in potential annual savings [6] Financial Position - As of March 31, 2025, the company had $30.7 million in cash and cash equivalents, with total debt primarily consisting of $450 million in senior secured notes due 2028 [10] - The maturity date of the revolving credit facility was extended to January 1, 2027, allowing for better financial flexibility [11] Future Outlook - The company anticipates significant performance improvements upon transitioning from the temporary American Place facility to the planned permanent casino [4] - Management is evaluating financing options for the permanent American Place facility, which may include refinancing existing debt [11]

TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- The Alcohol and Gaming Commission of Ontario (AGCO) has issued $151,000 in penalties to Great Canadian Entertainment for allegedly failing to prevent minors from accessing gambling on multiple occasions at three Toronto-area casinos. As part of its investigation, the AGCO reviewed four separate incidents in which minors allegedly gained access to the casino floors and in which some of these minors participated in gambling activities – two cases at Great Canadian Cas ...

Financial Performance - Q1 2025 - Total Operating Revenues increased to $162 million, a 7.7% increase compared to $150 million in Mar'24 [4] - Revenue from casino contracts grew to $76 million, a 13.5% increase from $67 million in Mar'24 [4] - Non-Gaming revenue reached $86 million, a 3.0% increase from $83 million in Mar'24 [4] - Total Operating Costs & Expenses increased to $(146) million, a 9.2% increase from $(134) million in Mar'24 [4] - Operating Income decreased to $15 million, a 5.0% decrease from $16 million in Mar'24 [4] - Net Loss increased to $(17) million, a 9.6% increase from $(16) million in Mar'24 [4] - Adjusted EBITDA increased to $70 million, a 5.6% increase from $66 million in Mar'24 [4] Key Operating Metrics - Q1 2025 - Mass Table Drop was $924 million, a 4% increase compared to 4Q'24 and 0% compared to 1Q'24 [13] - Mass Table Hold was 32.8%, a 68 bps increase compared to 4Q'24 and a 335 bps increase compared to 1Q'24 [13] - Mass GGR was $303 million, a 6% increase compared to 4Q'24 and 11% increase compared to 1Q'24 [13] - Slots GGR was $33 million, a 12% increase compared to 4Q'24 and 23% increase compared to 1Q'24 [13] - Total GGR was $336 million, a 4% increase compared to 4Q'24 and 6% increase compared to 1Q'24 [13]

Core Insights - Galaxy Entertainment Group (GEG) reported solid financial results for Q1 2025, with adjusted EBITDA of HK$3.3 billion, up 16% year-on-year and 2% quarter-on-quarter [3][21][22] - The company continues to enhance its offerings, particularly in the premium mass segment, through property improvements and diverse entertainment options [2][7] - GEG's balance sheet remains strong, with cash and liquid investments totaling HK$33.0 billion and a net position of HK$29.0 billion after debt [6][28] Financial Performance - Q1 2025 net revenue was HK$11.2 billion, reflecting a 6% increase year-on-year but a 1% decrease quarter-on-quarter [3][21] - The latest twelve months adjusted EBITDA reached HK$12.6 billion, up 16% year-on-year and 4% quarter-on-quarter [16][21] - Galaxy Macau™ was the primary driver of earnings, with net revenue of HK$9.1 billion, up 10% year-on-year [29] Market Overview - The overall Macau market showed resilience, with Q1 2025 gross gaming revenue (GGR) of HK$56.0 billion, up 1% year-on-year and 0.4% quarter-on-quarter, recovering to 76% of 2019 levels [4][19] - Visitor arrivals to Macau reached 9.9 million in Q1 2025, an 11% increase year-on-year, recovering to 95% of 2019 levels [20][46] Development and Expansion - The ultra-luxury Capella at Galaxy Macau soft launched in May 2025, expected to enhance GEG's market position [12][51] - Ongoing construction of Phase 4 focuses on non-gaming facilities, including entertainment and family amenities, scheduled for completion in 2027 [41][52] - GEG is exploring international development opportunities, including in Thailand, while continuing to support Macau's vision as a World Centre of Tourism and Leisure [53][54] Awards and Recognition - GEG's Galaxy Macau™ received accolades, including being named the Best Integrated Resort in the Asia Pacific region for the second time [11][57] - Four of GEG's restaurants earned five Michelin stars in the 2025 Michelin Guide Hong Kong Macau [11][42]

Core Viewpoint - Bally's (BALY) has received an upgrade to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on a company's changing earnings picture, with the Zacks Consensus Estimate tracking EPS estimates from sell-side analysts [1][2]. - Changes in future earnings potential, reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements, particularly influenced by institutional investors [4]. Bally's Earnings Outlook - Bally's is expected to earn -$1.35 per share for the fiscal year ending December 2025, representing a 76.3% change from the previous year's reported number [8]. - Over the past three months, the Zacks Consensus Estimate for Bally's has increased by 62%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revision features [9][10].

Market Performance - Market indexes experienced a decline, with the Dow dropping 389 points (-0.95%), S&P 500 down 43 points (-0.77%), Nasdaq falling 154 points (-0.87%), and Russell 2000 losing 21 points (-1.05%) [1] Company Earnings Reports - Advanced Micro Devices (AMD) reported earnings of 96 cents per share, beating estimates by 3 cents, with revenues of $7.44 billion surpassing the projected $7.12 billion. Forward revenue guidance was raised to $7.4 billion [3] - Wynn Resorts (WYNN) reported earnings of $1.07 per share, missing the estimate of $1.22, and revenues of $1.7 billion, slightly below the $1.73 billion estimate. The company announced a share buyback program, but faces challenges due to tariff concerns affecting its domestic locations [4] - Rivian Automotive (RIVN) posted a narrower loss of 41 cents per share compared to the expected 80 cents, with revenues of $1.24 billion exceeding the $1.02 billion estimate. The gross profit of $206 million positions the company favorably with Volkswagen, which has invested in Rivian [5] Upcoming Earnings Expectations - The Walt Disney Co. (DIS) is expected to report fiscal Q2 earnings with a projected decline of 2.48% in earnings growth, while top-line growth is anticipated at 4.77%. The Parks division and the film "Thunderbolts" are expected to attract significant interest [6] Federal Reserve Meeting - The Federal Open Market Committee (FOMC) meeting is concluding, with no expected change in interest rates. Fed Chair Jerome Powell will address questions regarding the timeline for potential rate reductions and his position before the end of his term in 2026 [7]

Group 1 - MGM is set to open a new project in Osaka, Japan in 2030, which is expected to significantly impact the global casino landscape by introducing mega-city-sized complexes [1] - Howard Jay Klein, with 30 years of experience in major casino operations, emphasizes the importance of management quality in investment decisions within the casino and entertainment sectors [1] - The House Edge, led by Klein, provides actionable research for investing in the casino, online betting, and entertainment industries, leveraging an extensive intelligence network across the US gambling sector [1]

Core Insights - Red Rock Resorts reported revenue of $497.86 million for the quarter ended March 2025, reflecting a 1.8% increase year-over-year and a surprise of +0.82% over the Zacks Consensus Estimate of $493.82 million [1] - The company's EPS was $0.80, up from $0.68 in the same quarter last year, resulting in a significant EPS surprise of +70.21% compared to the consensus estimate of $0.47 [1] Revenue Breakdown - Casino operating revenues were $333.25 million, exceeding the average estimate of $320.70 million, marking a year-over-year increase of +5.2% [4] - Room operating revenues totaled $50.17 million, below the average estimate of $54.99 million, representing a year-over-year decline of -5.1% [4] - Food and beverage operating revenues were $89.27 million, slightly below the estimated $91.49 million, showing a -4.3% change year-over-year [4] - Other operating revenues reached $25.17 million, also below the average estimate of $26.27 million, indicating a -2.7% year-over-year change [4] Net Revenue and EBITDA - Net revenue from Las Vegas operations was $494.95 million, surpassing the average estimate of $489.69 million, with a year-over-year increase of +1.9% [4] - Net revenue from corporate and other operations was $2.91 million, below the average estimate of $3.20 million, reflecting a -12.7% year-over-year change [4] - Adjusted EBITDA for Las Vegas operations was $235.90 million, exceeding the average estimate of $217.26 million [4] - Adjusted EBITDA for corporate and other operations was -$20.82 million, slightly worse than the average estimate of -$20.35 million [4] Stock Performance - Over the past month, shares of Red Rock Resorts have returned -0.9%, compared to a -0.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]