Q1 2025 Full House Resorts Inc Earnings Call Transcript

May 8, 2025 / 08:30 PM GMT

Release Date Price: $3.3 (+1.54%)

Transcript 10-Q8-K

Key Points

Positve

Full House Resorts Inc (FLL) reported a 21% increase in adjusted property EBITDA at Silver Slipper despite a small decline in revenue.
The company has implemented cost-saving measures, achieving over $2 million in annualized savings at Silver Slipper.
Revenue at Chamonix and Broncho Billies grew by 34% in the first quarter.
American Place achieved a record gaming revenue month in March, crossing $10 million for the first time.
The company has extended the maturity date of its revolver from March 2026 to January 2027, improving financial flexibility.

Negative

Despite revenue growth, expenses at Chamonix and Broncho Billies grew at a similar pace, resulting in a slight EBITDA loss.
The company faced challenges with management at Chamonix, leading to significant personnel changes.
The sports wagering contract business has been impacted, with some contracts falling out and challenges in securing new partnerships.
The temporary casino at American Place incurs over $100,000 a month in rent for modular kitchens and offices, affecting margins.
The company is facing uncertainties in the bond market, which could impact financing for the permanent American Place facility.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FLL.OQ - Full House Resorts Inc
Q1 2025 Full House Resorts Inc Earnings Call
May 08, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon ladies and gentlemen, and welcome to the Full House Resorts first quarter 2025 earnings call.

At this time, all lines are in listen-only mode.

Following the presentation, we will conduct a question and answer session.

If at any time during this call you require immediate assistance, please press 0 for the operator.

This call is being recorded on Thursday, May 8th of 2025.

I would now like to turn the conference over to Adam Campbell. Please.

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Unidentified_2 [2]
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Go ahead.

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