Full House Resorts, Inc. reported a total revenue of $302.4 million for the fiscal year ending December 31, 2025, reflecting a 3.5% increase from $292.1 million in 2024. The company's operating income rose by 13.6% to $3.1 million, compared to $2.8 million in the previous year. Despite these gains, Full House recorded a net loss of $40.2 million, a slight improvement from a loss of $40.7 million in 2024. The increase in revenue was primarily driven by the ramp-up of operations at the newly opened American Place and Chamonix properties, which contributed significantly to the overall performance.
In terms of operational changes, Full House completed the phased opening of Chamonix in October 2024 and opened a temporary facility for American Place in February 2023. The company also sold Stockman’s Casino in April 2025 for a total of $9.2 million, which is not expected to significantly impact its overall operations. Additionally, Full House extended its sports wagering agreement in Indiana through December 2031, receiving a prepayment of $1.5 million for the remaining term.
Customer engagement metrics showed a positive trend, with slot coin-in increasing by 3.4% to $3.18 billion and table game drop rising by 8.0% to $219.3 million. The company reported a slot win of $240.9 million, reflecting a 3.1% increase, while table game win improved by 8.1% to $39.3 million. However, non-casino revenues, including food and beverage and hotel services, saw a decline of 4.1%, attributed to reduced guest volumes and the discontinuation of unprofitable promotional programs.
Looking ahead, Full House anticipates continued growth driven by the construction of the permanent American Place facility, expected to take 18 to 24 months to complete. The company plans to fund this project through internal resources and additional financing, although it acknowledges the potential need for external capital. The ongoing development and operational improvements at its properties are expected to enhance customer experience and drive revenue growth, despite the competitive landscape and economic uncertainties that could impact discretionary spending.
About FULL HOUSE RESORTS INC
Full House Resorts, Inc. owns and operates regional casinos across the U.S., including properties in Mississippi, Colorado, Indiana, Nevada, and Illinois. Its core activities include casino gaming, hospitality, and entertainment services, with additional revenue from sports wagering and related amenities. The company emphasizes customer experience, loyalty programs, and property development, competing in a highly regulated, capital-intensive industry focused on regional markets and diversified gaming offerings.
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