Full House Resorts, Inc. reported a slight decline in total revenues for the first quarter of 2026, totaling $74.4 million, down 0.8% from $75.1 million in the same period last year. The company's casino revenue increased marginally to $55.7 million, compared to $55.3 million in the prior year, driven by a 2.7% rise in slot revenue. However, non-casino revenues, which include food and beverage and hotel operations, saw a decline of 5.3%, reflecting challenges in the food and beverage segment and a decrease in hotel revenue. The company recorded an operating income of $2.4 million, a significant increase from $738,000 in the previous year, indicating improved operational efficiency.
In terms of profitability, Full House Resorts reported a net loss of $8.2 million for the quarter, an improvement from the $9.8 million loss reported in the same period last year. The basic loss per share was $0.23, compared to $0.27 in the prior year. The reduction in net loss was attributed to a decrease in operating expenses, which fell by 3.0% to $72.1 million, primarily due to the absence of costs associated with the now-sold Stockman’s Casino and ongoing efforts to streamline operations at existing properties.
Strategically, Full House has been focused on expanding its footprint and enhancing its offerings. The company opened its temporary American Place facility in February 2023 and is currently in the design phase for a permanent facility, with construction expected to begin soon. The Waukegan City Council has approved revised site plans, and the company anticipates that the permanent casino will open within 18 to 24 months. Additionally, the company has extended its sports wagering agreements, securing a long-term partnership in Indiana.
Operationally, Full House Resorts has seen fluctuations in customer engagement metrics. The total slot coin-in decreased slightly to $773.7 million, while slot win increased by 3.7% to $60.1 million, indicating a higher hold percentage. The company’s focus on operational efficiencies has led to a 13.1% increase in Adjusted Segment EBITDA, reaching $14.5 million, driven by growth in the Midwest & South segment, which includes the American Place and Rising Star properties. The company continues to assess growth opportunities and aims to leverage its existing properties to enhance profitability.
Looking ahead, Full House Resorts remains cautiously optimistic about its future performance. The company plans to utilize its current cash reserves, along with available borrowing capacity, to fund ongoing operations and capital expenditures. With a focus on improving operational efficiencies and expanding its market presence, Full House is positioned to navigate the competitive landscape of the gaming and hospitality industry. However, the company acknowledges the potential impact of economic conditions and regulatory changes on its operations and financial performance.
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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