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NEWS 10 August 2018
Full House Resorts reports improvements for Q2
By Jake Patel

Full House Resorts reported a 3% year-on-year increase on its net revenue to $41.2m forthe second quarter of 2018, with revenue growth across all establishments.

The Silver Slipper Casino and Hotel was Full House’s best performing establishment, bringing in $17.4m in net revenue.

The Rising Star Casino Resort followed with $12.5m. Bronco Billy’s Casino and Hotel bought in $6.7m,while Northern Nevada Casinos contributed $4.4m.

Not only did Full House see growth, but there was a 57% improvement on net losses, which sat at $700,000 for the quarter.

The company also reported an adjusted EBITDA for the quarter of $4.4m, which grew by 20% when compared with last year’s figure.

Daniel R. Lee, President and CEO of Full House Resorts, said: “We are proud of our second quarter, which showed strong growth over the prior-year period.”

Full House Resorts has had a busy quarter, with the Silver Slipper Casino & Hotel gearing up for the launch of sports betting in the coming weeks and gaining approval to expand Bronco Billy’s Casino & Hotel.

Lee added: “At the Silver Slipper, we are diligently preparing a portion of the casino floor for sports betting.  Following the United States Supreme Court ruling modifying federal restrictions, Mississippi approved sports betting at casinos throughout the state.”

The company also submitted a letter of intent to participate in the competitive process for the New Mexico Racing Commission’s sixth racing licence.

 

 

RELATED TAGS: Financial
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