Full House Resorts Reports Steady Q2 Revenue with Focus on Efficiency

Overview of Full House Resorts’ Second Quarter Performance

Full House Resorts, a prominent casino and hospitality company, has released its financial results for the second quarter of the year. The company’s revenue remained largely stable, as management continued to work on identifying inefficiencies and improving operational effectiveness.

Stable Revenue with Mixed Financial Outcomes

For the second quarter, Full House Resorts reported revenue of $73.9 million, representing a marginal 0.6% increase compared to the same period last year. This growth was driven primarily by the expanding operations of its newer properties, including American Place Casino and Chamonix Casino Hotel, although it was partially offset by declining revenue at Silver Slipper Casino and Hotel.

The company experienced a net loss of $10.4 million in Q2 2025, which equates to a loss of $0.29 per diluted common share. This was a larger loss compared to the $8.6 million net loss recorded during the corresponding quarter in 2024.

Adjusted EBITDA for the quarter stood at $11.1 million, down from $14.1 million in the prior year. The decrease was mainly due to higher costs at the Chamonix property, where efforts to improve operational efficiency are ongoing. Although improvements have been seen since the first quarter, Chamonix’s financial performance still detracts from the overall gains made by American Place.

As of June 30, 2025, Full House Resorts held $32.1 million in cash and cash equivalents, with $450 million in outstanding debt. Additionally, the company had $25 million outstanding against its revolving credit facility.

Performance Across Company Segments

The Midwest & South segment, encompassing Silver Slipper Casino and Hotel, Rising Star Casino Resort, and American Place Casino, posted revenues of $57.8 million, marking a 4.2% increase year-over-year. Adjusted EBITDA for this segment rose 3.9% to $12.8 million.

The West segment, which includes Grand Lodge Casino, Stockman’s Casino, Bronco Billy’s Casino, and Chamonix Casino Hotel, saw a revenue decline of 4.4% to $14.5 million. This was largely due to the sale of Stockman’s Casino, although other properties in the segment showed growth. The West segment reported an adjusted EBITDA loss of $1.1 million, a downturn from a positive $0.9 million the previous year. Nonetheless, the company expects operational efficiencies at Chamonix to positively influence future results.

The Contracted Sports Wagering segment recorded revenues of $1.7 million and an adjusted EBITDA of $1.6 million, both reflecting a decrease compared to $2.9 million in revenue and $2.6 million in adjusted EBITDA from the prior year’s second quarter.

CEO’s Optimistic Outlook on Future Growth

Daniel R. Lee, CEO of Full House Resorts, expressed confidence in the company’s ongoing efforts to enhance efficiency. With a refreshed management team at Chamonix, the company anticipates reduced costs and improved profitability in the near term.

Moreover, construction progress continues on the permanent American Place facility. The temporary location remains highly successful, achieving record levels in revenue and operating profit, fueling optimism for the long-term prospects of the permanent venue.