Michael Hartmeier
On June 7, 2024, Michael Hartmeier submitted his resignation as a member of the Board of Directors (the "Board") of Full House Resorts, Inc. (the "Company"), effective immediately.
Highest-materiality recent filing
7 directors elected with >13M votes each; broker non-votes totaled 12,723,241 shares.
Full House Resorts Q1 net loss narrows to $8.2M; Adj. EBITDA up 14.7% to $13.2M
Revenues $74.4M (down 1% including Stockman's sale); Adj. EBITDA $13.2M vs $11.5M prior year.
Full House Resorts Q4 revenue $75.4M (+3.4%); American Place revenue up 11%; Chamonix losses narrow
Q4 net loss $(12.4)M ($0.34 diluted share); Adjusted EBITDA $10.7M vs $10.4M (prior year included $1.2M settlement).
Full House Resorts Q3 revenue $78M; Adj. EBITDA $14.8M (+26% YoY); American Place record
Revenue $78.0M (up 3% from $75.7M); net loss improved to $(7.7)M from $(8.5)M; diluted EPS $(0.21).
Full House Resorts Q2: revenue $73.9M (+0.6%), net loss $10.4M, American Place record $30.7M
Net loss of $10.4M ($0.29 diluted EPS) vs $8.6M ($0.25) in Q2 2024; Adjusted EBITDA $11.1M vs $14.1M.
Full House Resorts promotes CFO Fanger to President; new employment deals for Fanger and Guidroz
Lewis Fanger promoted to President, remains CFO and Treasurer; Daniel Lee stays as CEO. Effective July 11, 2025.
Full House Resorts enters new CEO employment agreement with Daniel Lee through 2030
Base salary $700,000/year; annual bonus target 100% of base (up to 175%) based on Adjusted EBITDA targets ($50M threshold, $65M target, $80M ceiling for 2025).
Full House Resorts extends CFO Lewis Fanger's employment to Aug 4, 2025; annual meeting results
Employment agreement extended to August 4, 2025, from May 19, 2025.
Full House Resorts names Joshua Le Duff as SVP and Chief Marketing Officer
Joshua Le Duff appointed Senior Vice President and Chief Marketing Officer, subject to gaming approvals.
Full House Resorts Q1 revenue up 7.3% to $75.1M; net loss narrows to $9.8M
Adjusted EBITDA of $11.5M vs $12.4M a year ago; American Place temporary casino hit record $10.9M monthly gaming revenue in March.
Full House Resorts extends employment agreement of Elaine Guidroz to August 4, 2025
Amendment dated March 31, 2025 extends Elaine Guidroz's term from Feb 4, 2025 to Aug 4, 2025.
Full House Resorts dismisses Deloitte, appoints EY as new auditor effective March 14, 2025
Audit committee terminated Deloitte and engaged EY as auditor for FY2025, effective March 14, 2025.
Full House Resorts Q4 revenue $73.0M (+21.5% YoY); net loss $12.3M; Adjusted EBITDA $10.4M (+42%)
Q4 revenue $73.0M, up 21.5% YoY; net loss $12.3M ($0.35) vs. $12.5M loss prior year.
Full House Resorts names Jeff Michie as VP/GM at Rising Star Casino Resort
Jeff Michie named VP & GM of Rising Star Casino Resort, replacing Angi Truebner-Webb who moves to Silver Slipper.
Full House Resorts Q3 net loss $8.5M; Chamonix grand opening completed; sells Stockman's for $9.2M
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.
Full House Resorts sells Stockman's Casino for $9.2M to focus on larger properties
Total gross proceeds of $9.2M: $7.0M for real property (close late-Sept 2024) and $2.2M for remaining operating assets (upon gaming approvals).
Full House Resorts Q2 revenue rises 23.8% to $73.5M; Adjusted EBITDA up 34.6% to $14.1M
Revenue $73.5M (+23.8% YoY); net loss $8.6M ($0.25 diluted loss) vs $5.6M loss last year.
Full House Resorts extends casino lease to 2034; rent rises 2% annually from 2025
Seventh Amendment extends lease term from Dec 31, 2024 to Dec 31, 2034.
Full House Resorts director Michael Hartmeier resigns effective June 7, 2024
Michael Hartmeier resigned as director effective June 7, 2024; resignation not due to any disagreement.
Full House Resorts COO John Ferrucci to retire April 11, 2025; to consult through 2026
COO John Ferrucci will retire as officer April 11, 2025, then serve as independent contractor consultant for one year through April 11, 2026.
Full House Resorts Q1 revenue up 39.6% to $69.9M; American Place leads growth
Revenue $69.9M, +39.6% YoY; net loss $11.3M ($0.33/share) vs $11.4M prior year.
Full House Resorts Q4 revenue up 66.4% to $60.0M; net loss $12.5M; Chamonix opens
Q4 2023 revenues $60.0M (+66.4% YoY); net loss $12.5M (-$0.36/diluted); Adjusted EBITDA $7.3M (+87.4%).
Full House Resorts Q3 revenue $71.5M (+72.8%), net income $4.6M, Chamonix opens Dec 26
Revenue $71.5M (+72.8% YoY), net income $4.6M vs $(3.6M) loss, diluted EPS $0.13.
Full House Resorts Q2 revenue up 33.8% to $59.4M; net loss $5.6M
The Temporary by American Place generated $20.3M revenue and $4.1M Adjusted Property EBITDA in first full quarter.
Full House Resorts annual meeting elects directors, ratifies auditor, approves say-on-pay
80.1% of outstanding shares (27,569,665) were present at the May 18, 2023 Annual Meeting.
Full House Resorts Q1 2023: Revenue up 21% to $50.1M, net loss $11.4M on preopening costs
Revenue $50.1M (+21% YoY); net loss $11.4M ($0.33 diluted loss) includes $10.5M preopening costs.
Full House Resorts Q4 revenue $36.1M, net loss $7.0M; The Temporary opens Feb 17
Q4 revenue $36.1M (down 16.6% YoY); net loss $7.0M ($0.20 loss per share) vs net income $5.0M in prior year.
Issued $40M aggregate principal of 8.25% Senior Secured Notes due 2028; net proceeds ~$34M.
Full House Resorts extends Lake Tahoe casino lease to Dec 31, 2024
Sixth Amendment to Casino Operations Lease extends initial term to 11:59 p.m. on December 31, 2024.
FHR-Illinois subsidiary and City of Waukegan signed Development Agreement for temporary and permanent casino facilities.
Full House Resorts Q3 net loss $3.6M; revenue down 12% YoY; Illinois casino opening in 3 months
Net loss of $3.6M ($0.10 diluted loss) vs net income of $4.6M ($0.13) in Q3 2021.
Full House Resorts Q2 revenue down, net loss $0.13/sh; construction on two major projects on track
Q2 2022 revenue $44.4M (-6.3% YoY); net loss $4.4M vs net income $5.5M in Q2 2021.
New employment agreement for CFO Lewis Fanger extends term through May 19, 2025, with base salary raised to $425,000.
Net income $0.1M vs loss $3.4M; EPS $0 vs -$0.13.
Full House Resorts sets COO John Ferrucci salary $400K, equity grants
Base salary $400K/year with annual bonus up to 100% of salary based on performance criteria.
Full House Resorts Q4 rev $43.3M (+13% YoY); full-year net income $11.7M vs $0.1M
Q4 net income $5.0M ($0.14 diluted EPS) vs $3.5M ($0.12) prior year; Adj. EBITDA $7.9M from $9.8M.
Full House Resorts promotes John Ferrucci to COO; updates American Place project
John Ferrucci appointed SVP & COO; will oversee The Temporary opening and continue as Silver Slipper GM.
Full House Resorts enters new employment agreement with SVP/GC Guidroz; salary raised to $275k
Base salary increased to $275,000/year; one-time retroactive payment for gap between prior contract expiration and effective date.
Full House Resorts closes $100M add-on notes at 8.25% due 2028; credit line boosted to $40M
Issued $100M additional 8.25% senior secured notes due 2028 at 102% of par; same series as $310M notes from Feb 2021.
Consent from majority holders obtained to amend indenture for up to $100M additional notes and increase credit facility from $15M to $40M.
Full House Resorts launches consent solicitation to amend indenture for up to $100M additional notes
Company seeks consent to amend indenture to allow up to $100M of additional notes for developing The Temporary casino in Waukegan, IL.
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 House Resorts selected by Illinois Gaming Board for Waukegan casino project
American Place proposal selected by Illinois Gaming Board; temporary casino 'The Temporary by American Place' expected to open mid-2022.
Full House Resorts Q3 revenue $47.2M (+12.6%); Adjusted EBITDA $13.6M (+8.9%)
Revenues $47.2M (+12.6% YoY); net income $4.6M ($0.13 diluted) vs $7.7M ($0.28) in Q3 2020; Adjusted EBITDA $13.6M (+8.9%).
Full House Resorts Q2 revenue up 227% to $47.4M; net income $5.5M vs loss
Net income of $5.5M ($0.15 diluted EPS) vs net loss of $6.7M in Q2 2020.
On June 7, 2024, Michael Hartmeier submitted his resignation as a member of the Board of Directors (the "Board") of Full House Resorts, Inc. (the "Company"), effective immediately.
As a result of the Amendment, Mr. Ferrucci has provided the Company with notice of his intent to retire from his position as the Company’s Chief Operating Officer, effective on April 11, 2025.
On March 14, 2022, in connection with his appointment as Chief Operating Officer, the Compensation Committee approved a base salary for Mr. Ferrucci of $400,000 per year.
the Company’s Board of Directors appointed John Ferrucci, the current General Manager of the Company’s Silver Slipper Casino Hotel, to the newly-created position of Senior Vice President and Chief Operating Officer
Max materiality 0.80 · Median 0.65 · Most common event earnings