Flat earnings for Full House, widening losses reported

Full House Resorts, the Colorado-based gaming company, has reported its Q2 2025 financial results, showing a slight increase in total revenue and a wider net loss compared to the same quarter last year.

The company's total revenue for Q2 2025 was approximately $73.9 million, reflecting a 0.6% increase year-over-year. However, the net loss for the quarter widened from $8.6 million to $10.4 million.

Breaking down the performance by properties in the mentioned states:

Colorado (Chamonix Casino Hotel) saw operational challenges but implemented a $1.2 million cost reduction during Q2, targeting over $4 million in annualized savings. The property faced elevated costs that partially offset overall company gains.
Illinois (American Place Casino) delivered a strong performance with record net revenue of approximately $30.7 million, up about 12.7% year-over-year. It was a key driver of the company’s growth during the quarter.
Nevada (Silver Slipper Casino and Hotel) reported revenue declines during Q2 2025, contributing to offsetting gains made elsewhere. No specific financial figures for Silver Slipper were provided, but its declining revenue partially reduced the company’s consolidated growth.

The total casino segment generated $56.98 million of the total revenue. Food and beverage contributed $9.58 million, hotel revenue was $3.72 million, and other operations including contracted sports wagering added $3.66 million. Adjusted EBITDA fell from $14.1 million in Q2 2024 to $11.1 million in Q2 2025 due to elevated costs, especially at Chamonix, despite strong growth at American Place.

As of June 30, 2025, Full House Resorts had $32.1 million in cash and cash equivalents, with outstanding debt of $450 million in senior secured notes and $25 million under its revolving credit facility.

In a prepared statement, CEO Dan Lee of Full House Resorts remarked on the strong performance of American Place, attributing it to growing awareness and popularity throughout Chicago's populous northern suburbs. Lee expects the financial results for American Place casino to continue improving over the coming quarters, with the addition of a poker room and increased regional awareness.

Three months ago, Lee replaced the Chamonix management team, who identified over $4 million in annual expenses that did not affect high-end guest experience. The Temporary at American Place in Illinois and Chamonix in Colorado contributed to the earnings of Full House Resorts, but also caused a decline in revenue.

[1] Full House Resorts Q2 2025 Earnings Release [2] Full House Resorts Q2 2025 Earnings Conference Call Transcript [3] Full House Resorts Q2 2025 Financial Statements [4] Full House Resorts Q2 2025 Investor Presentation

The finance and banking-and-insurance sectors might find the Q2 2025 financial results of Full House Resorts, a gaming company based in Colorado, interesting, as they reveal a slight increase in total revenue and a wider net loss compared to the same quarter last year.
The fintech industry could take note of the cost reduction initiatives at Chamonix Casino Hotel in Colorado, where the Company managed to achieve over $4 million in annualized savings, despite facing operational challenges.
For those following casino-culture and casino-personalities, the strong performance of American Place Casino in Illinois, with a record net revenue of approximately $30.7 million, might catch their attention, especially considering the pending addition of a poker room and increased regional awareness.
Given the participation of Full House Resorts in the casino-and-gambling industry, investors and analysts may find relevant reading materials such as the Q2 2025 Earnings Release, Conference Call Transcript, Financial Statements, and Investor Presentation for a comprehensive understanding of the company's financial standing.