Full House Resorts Q2 revenue rises 23.8% to $73.5M; Adjusted EBITDA up 34.6% to $14.1M

FULL HOUSE RESORTS INC

2024-Q2 EPS reported -$0.57 revenue$143,416,000

Revenue $73.5M (+23.8% YoY); net loss $8.6M ($0.25 diluted loss) vs $5.6M loss last year.
Adjusted EBITDA $14.1M (+34.6% YoY); American Place revenue $27.2M (+34%) and property EBITDA $7.6M (+83.5%).
Extended Grand Lodge lease to Dec 2034; annual rent rises to ~$2.01M in 2025, then 2% annual increases.
Angi Truebner-Webb promoted to VP/GM of Silver Slipper; John Ferrucci to retire April 2025; transition this fall.
Contracted sports wagering rev $2.9M includes $0.9M accelerated from ceased skin; $2.1M settlement expected in Q3.

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