Q4 2025 Full House Resorts Inc Earnings Call Transcript

Mar 5, 2026 / 09:30 PM GMT

Release Date Price: $2.27 (-0.44%)

Transcript 10-K8-K

Key Points

Positve

Full House Resorts Inc (FLL) reported a revenue increase to $75.4 million in Q4 2025, up from $73 million in Q4 2024, representing a 5.6% growth on an apples-to-apples basis.
Adjusted EBITDA for Q4 2025 rose to $10.7 million, marking a 23% increase when excluding one-time benefits from the previous year.
The American Place temporary casino showed significant growth with an 11% increase in revenues to $32 million in Q4 2025 and a 29% rise in adjusted property EBITDA.
The management team at Chamonix has been fully revamped, leading to a $4.2 million increase in adjusted property EBITDA in the second half of 2025 compared to the same period in 2024.
Full House Resorts Inc (FLL) has secured several attractive financing proposals for the construction of the permanent American Place facility, with no equity issuance required.

Negative

The Chamonix property experienced a small adjusted property EBITDA loss in Q4 2025 due to the seasonally weaker winter season.
Grand Lodge continues to be adversely affected by renovations at the Hyatt Lake Tahoe, impacting its performance.
The Rising Star property faces uncertainty due to legislative changes in Indiana, which could affect its future operations.
The Silver Slipper and Rising Star properties saw slight declines in performance for the quarter.
The company is still in the process of securing financing for the permanent American Place facility, with construction timelines dependent on finalizing these arrangements.

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

FLL.OQ - Full House Resorts Inc
Q4 2025 Full House Resorts Inc Earnings Call
Mar 05, 2026 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Full House Resort's 4th quarter in full year 2025 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance, please press 0 on your telephone keypad. It is now my pleasure to introduce your host, Adam Campbell.

Thank you. You may begin.

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Unidentified_2 [2]
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Thank you and good afternoon everyone. Welcome to our 4th quarter earnings call. As always, before we begin, we remind you that today

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