earnings
confidence high
sentiment negative
materiality 0.75
Full House Resorts Q3 net loss $8.5M; Chamonix grand opening completed; sells Stockman's for $9.2M
FULL HOUSE RESORTS INC
2024-Q3 EPS reported
-$0.82
revenue$219,103,000
- Q3 revenue $75.7M (prior year $71.5M incl $5.8M deferred revenue); net loss $8.5M vs net income $4.6M; adj EBITDA $11.7M vs $20.6M.
- American Place revenue up 17.7% to $28.1M; Chamonix grand opening held; Colorado gaming revs up 115%.
- Sold Stockman's Casino assets for $9.2M; recognized $2.0M gain in Q3; second phase pending regulatory approvals.
- Extended Grand Lodge lease by 10 years to Dec 2034; annual rent ~$2M with 2% annual escalator.
- Cash $33.6M; $450M senior secured notes due 2028; $27M revolver outstanding.