Flat revenue and increasing losses reported for Full House

In the second quarter of 2025, Full House Resorts, a leading casino and hotel operator, reported a consolidated revenue of $73.9 million, marking a slight increase of 0.6% year-over-year. However, the company posted a wider net loss of $10.4 million, or $0.29 loss per diluted share, compared to the $8.6 million loss in Q2 2024.

The company's performance varied across its regions. In Colorado, operations showed strong growth with a 7.8% increase in revenue, reflecting the ongoing ramp-up at the American Place Casino. The casino achieved record net revenue and operating profit, posting $30.7 million in revenue—a 12.7% increase year-over-year.

However, Illinois' Chamonix Casino Hotel faced operational challenges, leading Full House Resorts to implement focused cost reduction measures expected to yield $4 million in annualized savings. The property is currently under the leadership of a new general manager, with a focus on improving operating efficiency and long-term profitable growth. Chamonix launched a new marketing initiative in the third quarter.

Nevada's Silver Slipper Casino and Hotel saw revenues decline, offsetting gains from the other properties.

The Midwest and South division reported a 4.2% revenue boost and cash flow of $12.3 million. The Temporary at American Place in Illinois and Chamonix in Colorado contributed to the earnings of Full House Resorts.

Additional financial points include an adjusted EBITDA of $11.1 million, down from $14.1 million in 2024, due mainly to elevated costs at Chamonix. Full House Resorts ended the second quarter with $450 million in debt and $32.1 million cash on hand.

Looking ahead, Full House Resorts is focused on efficiency improvements and cost savings. Lee, the company's CEO, expects the financial results for the temporary American Place casino to continue improving, with the addition of a poker room and increased regional awareness. The management team at Chamonix is focusing on inefficient operations and has identified over $4 million in annual expenses that do not impact high-end guest experience.

In conclusion, Full House Resorts saw stable to slightly growing revenue overall, with notable growth in Colorado, operational cost challenges in Illinois, and revenue declines in Nevada for Q2 2025. The company is focused on efficiency improvements and cost savings moving forward.

The performance of Full House Resorts' Nevada property, Silver Slipper Casino and Hotel, showed revenues declining, contrasting the growth seen in other regions.
Parked in the heart of Las Vegas, the casino-culture continues to thrive, with Full House Resorts actively implementing cost-cutting measures to improve the profitability of its casino-games.
The financial focus of Full House Resorts for the upcoming quarters includes an emphasis on the industry of casino-and-gambling, particularly seeking efficiency improvements and cost savings across its properties in the United States.