{"id":959982,"date":"2026-05-07T16:40:38","date_gmt":"2026-05-07T20:40:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/full-house-resorts-announces-strong-first-quarter-results-2\/"},"modified":"2026-05-07T16:40:38","modified_gmt":"2026-05-07T20:40:38","slug":"full-house-resorts-announces-strong-first-quarter-results-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/full-house-resorts-announces-strong-first-quarter-results-2\/","title":{"rendered":"Full House Resorts Announces Strong First Quarter Results"},"content":{"rendered":"
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\n – American Place Casino Revenues Increased 7.1%, Reflecting Continued Momentum in the First Quarter<\/strong>\n <\/p>\n

\n – Colorado Operations Showed Continued Improvement, <\/strong>
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\n with Profitability Significantly Improving in the First Quarter<\/strong>\n <\/p>\n

\n – Consolidated Operating Income Rose 218.4% to $2.4 Million in the First Quarter of 2026;<\/strong>
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\n Net Loss Improved to $(8.2) Million from $(9.8) Million<\/strong>\n <\/p>\n

\n – Adjusted EBITDA Increased 14.7% to $13.2 Million in the First Quarter of 2026<\/strong>\n <\/p>\n

LAS VEGAS, May 07, 2026 (GLOBE NEWSWIRE) — Full House Resorts, Inc. (Nasdaq: FLL) today announced results for the first quarter ended March 31, 2026.<\/p>\n

On a consolidated basis, revenues in the first quarter of 2026 were $74.4 million, reflecting growth at American Place Casino and Rising Star Casino Resort, offset by the sale of Stockman\u2019s Casino in April 2025 and the termination of an agreement with one of our contracted sports wagering providers in 2025. In the prior-year period, revenues were $75.1 million. Excluding Stockman\u2019s, revenues increased by 0.9%. Net loss for the first quarter of 2026 was $(8.2) million, or $(0.23) per diluted common share, which includes $0.1\u00a0million of development costs. In the prior-year period, net loss was $(9.8) million, or $(0.27) per diluted common share, reflecting $0.1 million of project development costs and a $0.2 million impairment of certain assets at Stockman\u2019s Casino. Adjusted EBITDA(a)<\/sup> rose to $13.2\u00a0million in the first quarter of 2026, a 14.7% increase from $11.5 million in the prior-year period, reflecting growth at most of our casino properties, including large percentage increases at American Place, Chamonix\/Bronco Billy\u2019s and Rising\u00a0Star, as well as growth at Silver Slipper Casino Hotel.<\/p>\n

\u201cWe had a great first quarter, led by continuing strength at American Place,\u201d said Daniel R. Lee, Chief Executive Officer of Full\u00a0House Resorts. \u201cOur growth at American Place, located in Chicago\u2019s northern suburbs, reflects its increasing awareness and popularity, as well as the continued expansion of our player database. Looking ahead, we remain excited about the construction and opening of our permanent American Place facility, to be located adjacent to the existing temporary casino. The permanent casino is designed to have more than twice the overall square footage, 39% more slot machines, 86% more table games, additional amenities, and significantly more lavish street appeal and d\u00e9cor than the temporary casino, which is in a sprung structure.<\/p>\n

\u201cThe City of Waukegan recently approved our earthmoving plans. We are also preparing to enter into a pre-construction agreement with Power Construction and recently entered into a construction advisory agreement with W. A. Richardson Builders (\u201cRichardson\u201d). Power Construction is a large Chicago-based contractor and is currently building the Hollywood Casino and Hotel in Aurora, Illinois. Richardson is a large construction company based in Las Vegas and oversaw construction of both the Fontainebleau and Durango resort casinos. The principals in Richardson, before starting their construction company, had major roles at Mandalay Resort Group, where they were involved in the development and construction of several Las Vegas and regional casinos, including the Grand Victoria casino in Elgin,\u00a0Illinois. The architect for the project is WATG, whose team has worked on numerous casinos, including The\u00a0Venetian in Las\u00a0Vegas and the Hard Rock in Rockford, Illinois.<\/p>\n

\u201cWe have made significant progress in arranging the financing for the permanent American Place casino. We anticipate refinancing our existing bonds, which mature in February 2028, as part of that financing. We will announce the details of this planned financing when such arrangements become contractual, which we anticipate within the next few weeks.<\/p>\n

\u201cConstruction of the permanent casino should require approximately 18 months to two years. Because this timeline would put its opening beyond the date permitted for operations of the temporary casino, there is a bill in the current Illinois legislative session that would extend such period. If the legislation is approved, it would ensure the continuation of significant tax and other benefits and a smooth transition from the temporary to the permanent facility. Bills such as this are often resolved late in the legislative session, which is scheduled to end on May 31.<\/p>\n

\u201cChamonix\/Bronco Billy\u2019s significantly improved its profitability in the first\u00a0quarter from the prior-year period. These improvements reflect a combination of ongoing operational enhancements and a continued focus on driving profitable growth. We hired an assistant general manager and a finance director during the quarter, both of whom have extensive experience with casinos and hotels of this quality and size. We also further enhanced the guest experience by installing new carpet and ceilings in much of the Bronco Billy\u2019s casino and introduced Don Juan\u2019s Cocina, our rebranded Mexican restaurant with an entirely new menu of fresh and innovative cuisine. We strongly believe that Colorado Springs remains a significantly underpenetrated gaming market. As awareness continues to grow, so should overall profitability at Chamonix. Note that this is a seasonal market; we expect significant positive contributions from our Colorado operations in the important summer season.\u201d<\/p>\n

\n First Quarter Highlights<\/strong>\n <\/p>\n