earnings
confidence high
sentiment neutral
materiality 0.75
Full House Resorts reports preliminary Q4 revenue growth but lower EBITDA; updates American Place and Chamonix projects
FULL HOUSE RESORTS INC
2021-FY EPS reported
$0.33
revenue$180,159,000
- Q4 2021 revenue expected $43.0M-$43.5M, up from $38.3M YoY; adjusted EBITDA $7.3M-$8.5M (vs $9.8M) due to adverse hold and $1.7M corporate expenses.
- Full year 2021 revenue expected $179.9M-$180.4M, highest in 8 years; adjusted EBITDA $46.6M-$47.8M (vs $19.7M in 2020).
- The Temporary by American Place: ~$100M investment; ~1,000 slots, 50 table games; opening mid-2022; financed with new debt.
- Chamonix Casino Hotel budget revised to $250M (increase); expects Q2 2023 opening; cites supply chain and inflation.
- Cash and equivalents ~$265M, including ~$177M restricted for Chamonix construction.