Full House Resorts Announces Second Quarter Results
Full House Resorts Announces Second Quarter Results
August 6, 2024 16:05 ET ｜ Information providers: Full House Risoths Co., Ltd. Full House Risoth Co., Ltd.
-The sales in the second quarter of 2024 increase 23, 8 % to $ 73. 5 million
-Chamonix Casino Hotel continued to open in step, with hig h-end steak houses, rooftop pools, and some spas in the second quarter.
-A 1 0-year extension of Grand Lodge Casino Lease until December 31, 2034
Full House Resorts (NASDAQ: FLL) has announced today's second quarter performance, with June 30, 2024.
In the consolidated basis, the revenue in the second quarter of 2024 was $ 73. 5 million, increasing 23. 8 % from $ 59. 4 million in the previous fiscal year. These results reflect the continuous business growth in American Place, which opened in mi d-February 2023, and the steps of the chamonie casino hotel from late December 2023. The net loss in the second quarter of 2024 was $ 8. 6 million (per share of ordinary shares (0. 25) after sparse), which costs 0. 8 million dollars and development costs, and American Place and Chamoni. Includes depreciation expenses related to the new facility. Temporary depreciation of the US casino is more than a general casino because many of its assets are expected to be temporary. The net loss in the previous fiscal year was $ 56 million, dollar (0, 16) per share after thinning. After the adjustment, EBITDA (a) increased from $ 10. 5 million in the second quarter of 2024 to $ 34, 6%to $ 14. 1 million, but this was a powerful growth and online sports betting. It reflects $ 09 million in advance from "skin". < Span> August 6, 2024 16:05 et ｜ Information providers: Full House Risoths Co., Ltd. Full House Rizot Co., Ltd.
-The sales in the second quarter of 2024 increase 23, 8 % to $ 73. 5 million
-Chamonix Casino Hotel continued to open in step, with hig h-end steak houses, rooftop pools, and some spas in the second quarter.
-A 1 0-year extension of Grand Lodge Casino Lease until December 31, 2034
Full House Resorts (NASDAQ: FLL) has announced today's second quarter performance, with June 30, 2024.
- In the consolidated basis, the revenue in the second quarter of 2024 was $ 73. 5 million, increasing 23. 8 % from $ 59. 4 million in the previous fiscal year. These results reflect the continuous business growth in American Place, which opened in mi d-February 2023, and the steps of the chamonie casino hotel from late December 2023. The net loss in the second quarter of 2024 was $ 8. 6 million (per share of ordinary shares (0. 25) after sparse), which costs 0. 8 million dollars and development costs, and American Place and Chamoni. Includes depreciation expenses related to the new facility. Temporary depreciation of the US casino is more than a general casino because many of its assets are expected to be temporary. The net loss in the previous fiscal year was $ 56 million, dollar (0, 16) per share after thinning. After the adjustment, EBITDA (a) increased from $ 10. 5 million in the second quarter of 2024 to $ 34, 6%to $ 14. 1 million, but this was a powerful growth and online sports betting. It reflects $ 09 million in advance from "skin". August 6, 2024 16:05 ET ｜ Information providers: Full House Risoths Co., Ltd. Full House Risoth Co., Ltd.
- -The sales in the second quarter of 2024 increase 23, 8 % to $ 73. 5 million
-Chamonix Casino Hotel continued to open in step, with hig h-end steak houses, rooftop pools, and some spas in the second quarter.
-A 1 0-year extension of Grand Lodge Casino Lease until December 31, 2034
Full House Resorts (NASDAQ: FLL) has announced today's second quarter performance, with June 30, 2024.
In the consolidated basis, the revenue in the second quarter of 2024 was $ 73. 5 million, increasing 23. 8 % from $ 59. 4 million in the previous fiscal year. These results reflect the continuous business growth in American Place, which opened in mi d-February 2023, and the steps of the chamonie casino hotel from late December 2023. The net loss in the second quarter of 2024 was $ 8. 6 million (per share of ordinary shares (0. 25) after sparse), which costs 0. 8 million dollars and development costs, and American Place and Chamoni. Includes depreciation expenses related to the new facility. Temporary depreciation of the US casino is more than a general casino because many of its assets are expected to be temporary. The net loss in the previous fiscal year was $ 56 million, dollar (0, 16) per share after thinning. After the adjustment, EBITDA (a) increased from $ 10. 5 million in the second quarter of 2024 to $ 34, 6%to $ 14. 1 million, but this was a powerful growth and online sports betting. It reflects $ 09 million in advance from "skin".
"Full House Resorts's president and CEO (CEO), CEO, Daniel R Lee said," The latest description casino in Clipple Creek, Colorado, Hamonics Casino Hotel is a customer base. The hotel has been steadily rising since the opening of the business, and the number of nights in January 2024 was about 5. 900 nights. The increase in the number of visitors will open the new amenities in the facility and the more summer opening, "980 Prime", will be opened in April 2024. It became a reputation. In late May 2024, the rooftop pool and spa selection were opened. These facilities have joined a hotel and Sunrit Casino with 300 chamonie guest rooms, and we are convinced that the quality and beauty are unmatched in this area. In the third quarter, the opening of Shamonispa will be completed and a jewelry shop facing the street will be shown. The early visitors' reactions to Chamonies are still very good and are more confident in the possibility of lon g-term interests. "
The company recently announced to be promoted to Angi Truebner-Webb to Silver Slipper Casino & Hotel Vice President and General Manager. Born in Germany, Germany, he got an MBA at Dresden's Applied Science University. She joined the Silver Slipper's financial team in 2010 and moved to the company's Rising Star Casino & Resort as an executive director in charge of finance and management in 2019. In 2021 he was promoted to Rising Star General Manager. John Ferb, who joined the Silver Slipper, has earned John Ferci, who announced that he would retire from the company in April 2025. The transfer will be made this fall, and the responsibility will be taken in orderly. < SPAN> Daniel R Ree Lee, president and CEO of Full House Resorts (CEO), said, "The latest destruction casinos in Colorado Creek, Hamonics Casino Hotel. Since the opening of the customer base, the hotel's operating rate has been steadily rising, and the number of nights in January 2024 was about 5. 900 nights. The number of visitors has been opened in April 2024, with the new amenities of the facility. It became a reputation as one of the restaurants. In late May 2024, the rooftop pool and spa selection were opened. These facilities have joined a hotel and Sunrit Casino with 300 chamonie guest rooms, and we are convinced that the quality and beauty are unmatched in this area. In the third quarter, the opening of Shamonispa will be completed and a jewelry shop facing the street will be shown. The early visitors' reactions to Chamonies are still very good and are more confident in the possibility of lon g-term interests. "
The company recently announced to be promoted to Angi Truebner-Webb to Silver Slipper Casino & Hotel Vice President and General Manager. Born in Germany, Germany, he got an MBA at Dresden's Applied Science University. She joined the Silver Slipper's financial team in 2010 and moved to the company's Rising Star Casino & Resort as an executive director in charge of finance and management in 2019. In 2021 he was promoted to Rising Star General Manager. John Ferb, who joined the Silver Slipper, has earned John Ferci, who announced that he would retire from the company in April 2025. The transfer will be made this fall, and the responsibility will be taken in orderly. "Full House Resorts's president and CEO (CEO), CEO, Daniel R Lee said," The latest description casino in Clipple Creek, Colorado, Hamonics Casino Hotel is a customer base. The hotel has been steadily rising since the opening of the business, and the number of nights in January 2024 was about 5. 900 nights. The increase in the number of visitors will open the new amenities in the facility and the more summer opening, "980 Prime", will be opened in April 2024. It became a reputation. In late May 2024, the rooftop pool and spa selection were opened. These facilities have joined a hotel and Sunrit Casino with 300 chamonie guest rooms, and we are convinced that the quality and beauty are unmatched in this area. In the third quarter, the opening of Shamonispa will be completed and a jewelry shop facing the street will be shown. The early visitors' reactions to Chamonies are still very good and are more confident in the possibility of lon g-term interests. "
The company recently announced to be promoted to Angi Truebner-Webb to Silver Slipper Casino & Hotel Vice President and General Manager. Born in Germany, Germany, he got an MBA at Dresden's Applied Science University. She joined the Silver Slipper's financial team in 2010 and moved to the company's Rising Star Casino & Resort as an executive director in charge of finance and management in 2019. In 2021, he was promoted to Rising Star General Manager. John Ferb, who joined the Silver Slipper, has earned John Ferci, who announced that he would retire from the company in April 2025. The transfer will be made this fall, and the responsibility will be taken in orderly.
"I am very proud of Anti, who has been steadily succeeding in Full House Resorts." I have been a rising star, often creating a team in severe competitive conditions and improving my grades. She. He is now eager to return as a Silver Slipper captain, and is ready for his lon g-term contribution. I am looking forward to working with John for a few months, as the maximum executive officer. Masu.
| Highlights for the second quarter and future events | The Midwest and Southern Division include Sylver Slipper Casino & Hotel, Rising Star Casino Resort, and American Place. In the second quarter of 2024, the sales of the segment were $ 55. 5 million, an increase of 11. 1 % from $ 49. 9 million in the previous fiscal year. After adjustments by segment, EBITDA was $ 12. 3 million, increasing by $ 9. 4 million in the previous fiscal year to 30, 7 %. These results reflect the continuous growth of the business in American Place, which opened on February 17, 2023. American place sales in the second quarter of 2024 were $ 27. 2 million, up 34, 0 % and 83, 5 % compared to the second quarter of the second quarter of the 2023 in the second quarter. | ||||||||||||
| In the western segment, the Grand Lodge Casino (located in the Hyatt Regency Lake Lake Taho Resort in the Incline Village), Stockman's Casino, Bronco Billy's Casino, and on December 27, 2023 Includes Chamonie Casino Hotels, which have begun to open. Bronco Billy's and Chamonix are integrated and adjacent casinos and are operated as a single entity by Colorado management. Sales in the same industry were $ 8. 1 million in the same period of the previous year to $ 87, 3 % in the second quarter of 2024 to $ 15. 2 million. After coordination, EBITDA, which was highly expensive for the opening of Chamonies, increased $ 2 million in the same period of the previous year, while the second quarter of 2024 increased to $ 9 million. Such expenses include new employee training, additional marketing costs that are expected to be useful for future management, and costs to operate many amenities in new resorts until construction is completed. 。 | In the western segment, the Grand Lodge Casino (located in the Hyatt Regency Lake Lake Taho Resort in the Incline Village), Stockman's Casino, Bronco Billy's Casino, and on December 27, 2023 Includes Chamonie Casino Hotels, which have begun to open. Bronco Billy's and Chamonix are integrated and adjacent casinos and are operated as a single entity by Colorado management. Sales in the same industry were $ 8. 1 million in the same period of the previous year to $ 87, 3 % in the second quarter of 2024 to $ 15. 2 million. After coordination, EBITDA, which was highly expensive for the opening of Chamonies, increased $ 2 million in the same period of the previous year, while the second quarter of 2024 increased to $ 9 million. Such expenses include new employee training, additional marketing costs that are expected to be useful for future management, and costs to operate many amenities in new resorts until construction is completed. 。 | ||||||||||||
| Conference Call Information We will host an investor conference call today, August 6, 2024, at 4:30 p. m. ET (1:30 p. m. PT). We will host an investor conference call at 4:30 p. m. ET (1:30 p. m. PT) to discuss our second quarter 2024 results. Investors may access a live audio webcast at the Investor Relations section of the Company's website at www. fullhouseresorts. com. The conference call may also be accessed by calling (201) 689-8470. | A replay of the conference call will be available shortly after the conclusion of the call until August 20, 2024. To access the replay, please visit www. fullhouseresorts. com/ 412) 317-6671 and use the password 13746753 to access the replay. | Conference Call Information We will host an investor conference call today, August 6, 2024, at 4:30 p. m. ET (1:30 p. m. PT). We will host an investor conference call at 4:30 p. m. ET (1:30 p. m. PT) to discuss our second quarter 2024 results. Investors may access a live audio webcast at the Investor Relations section of the Company's website at www. fullhouseresorts. com. The conference call may also be accessed by calling (201) 689-8470. | A replay of the conference call will be available shortly after the conclusion of the call until August 20, 2024. To access the replay, please visit www. fullhouseresorts. com/ 412) 317-6671 and use the password 13746753 to access the replay. | ||||||||||
| A replay of the conference call will be available shortly after the conclusion of the call until August 20, 2024. To access the replay, please visit www. fullhouseresorts. com/reports/2024. You may also access the replay by calling 412) 317-6671 and using the password 13746753. | |||||||||||||
| (a) Reconciliation of Non-GAAP Financial Measures The presentation of our non-GAAP financial measures may differ from presentations used by other companies, which may limit comparability. Although excluded from certain non-GAAP measures, the Company incurs and will continue to incur depreciation, interest and income taxes. Each of these items should also be considered in assessing the Company's overall performance. In addition, our non-GAAP measures do not consider capital expenditures and other investing activities and should not be considered as measures of liquidity. The Company compensates for these limitations by disclosing depreciation and amortization, interest, income taxes, and other items that should be considered in evaluating its performance in the reconciliations to historical GAAP financial measures and in the condensed consolidated financial statements. Liquidity and Capital Resources As of June 30, 2024, the Company had cash and cash equivalents of $44. 7 million, including $13. 6 million committed to the Chamonix Completion Notes. The Company's debt consists primarily of $450 million of Senior Notes due 2028, payable at a fixed premium beginning in February 2024, and $27 million of revolving credit facilities. | $ | Conference Call Information We will host an investor conference call today, August 6, 2024, at 4:30 p. m. ET (1:30 p. m. PT). We will host an investor conference call at 4:30 p. m. ET (1:30 p. m. PT) to discuss our second quarter fiscal 2024 results. Investors can access a live audio webcast under Investor Relations on the Company's website at www. fullhouseresorts. com. The conference call may also be accessed by calling (201) 689-8470. | $ | A replay of the conference call will be available shortly after the conclusion of the call and until August 20, 2024. To access the replay, please visit www. fullhouseresorts. com/. You may also access the replay by calling 412) 317-6671 and using the password 13746753. | $ | (a) Reconciliation of Non-GAAP Financial Measures The presentation of our non-GAAP financial measures may differ from presentations used by other companies, which may limit comparability. Although excluded from certain non-GAAP measures, we have incurred and will continue to incur depreciation, interest, income taxes and other items. Each of these items should also be considered in assessing our overall performance. In addition, our non-GAAP measures do not consider capital expenditures and other investing activities and should not be considered as a measure of liquidity. We compensate for these limitations by disclosing depreciation and amortization, interest, income taxes and other items that should be considered in evaluating our performance in the reconciliations to historical GAAP financial measures and in our condensed consolidated financial statements. | $ | Our non-GAAP measures should be used in addition to and in conjunction with our GAAP financial results. These non-GAAP measures should not be considered as a substitute for, or relied upon to exclude, net income, operating income or other measures of operating performance provided in accordance with GAAP. These non-GAAP measures reflect additional ways of looking at our business that, when considered together with our GAAP results and a reconciliation to the corresponding historical GAAP financial measures, provide a more complete understanding of the factors and trends affecting our business than can be obtained from this disclosure. Management urges investors to consider the financial data in its entirety and not rely on any single financial measure. | |||||
| Segment Adjusted EBITDA. We use segment adjusted EBITDA as a measure of segment profitability in evaluating our performance and allocating resources at the reportable segment level. Adjusted Segment EBITDA is defined as earnings before interest and other non-operating income (expenses), taxes, depreciation and amortization, pre-operating expenses, certain impairment charges, asset write-downs, recoveries, gains and losses on asset sales, project development and acquisition costs, non-stock compensation expenses, and corporate-related costs and expenses not allocated to each segment. | Customized Same-Store EBITDA Division. The Adjusted Same-Store EBITDA Division further adjusts the Adjusted EBITDA Division to exclude Adjusted EBITDA attributes for properties that are not open for the full year. Adjusted Same-Store EBITDA is defined as earnings before interest and other non-operating income (expenses), taxes, depreciation and amortization, pre-operating expenses, certain impairment charges, asset write-downs, recoveries, acquisition costs, non-stock compensation expenses, and corporate-related costs and expenses not allocated to each property. | EBITDA after adjustment. In addition, we use EBITDA after adjustment. After adjustment, EBITDA is defined as after the adjustment of EBITDA, and deduct corporat e-related expenses and expenses. After adjustment, EBITDA is not an indicator of performance or liquidity calculated according to GAAP, but we believe that this no n-GAAP financial indicator provides meaningful supplementary information on our performance and fluidity. The Company uses this indicator i n-house, focusing on changes in major sales performance that is considered to be a continuous and customary work of our company, and determines that it is useful for investors. 。 As a result, management excludes specific items when analyzing major operating results, such as the above items, and this must be reflected in continuous and customary duties. Because I'm thinking. | Full House Resorts Ink and Subscription Summary Connection Income Balculation Documents (Unpacked) (excluding data per share) | Third quarter | |||||||||
| Quarterly consolidated period | 30th of the month | 30th of the month | 2024 | 2023 | |||||||||
| 2024 | 2023 | income | casino | 54. 685 | |||||||||
| 45. 359 | 106, 358 | 81. 346 | Food and beverage charges | ||||||||||
| 10. 403 | |||||||||||||
| (a) Reconciliation of Non-GAAP Financial Measures The presentation of our non-GAAP financial measures may differ from presentations used by other companies, which may limit comparability. Although excluded from certain non-GAAP measures, the Company incurs and will continue to incur depreciation, interest and income taxes. Each of these items should also be considered in assessing the Company's overall performance. In addition, our non-GAAP measures do not consider capital expenditures and other investing activities and should not be considered as measures of liquidity. The Company compensates for these limitations by disclosing depreciation and amortization, interest, income taxes, and other items that should be considered in evaluating its performance in the reconciliations to historical GAAP financial measures and in the condensed consolidated financial statements. Liquidity and Capital Resources As of June 30, 2024, the Company had cash and cash equivalents of $44. 7 million, including $13. 6 million committed to the Chamonix Completion Notes. The Company's debt consists primarily of $450 million of Senior Notes due 2028, payable at a fixed premium beginning in February 2024, and $27 million of revolving credit facilities. | 20, 172 | 16. 333 | Hotel | 3. 742 | |||||||||
| Segment Adjusted EBITDA. We use segment adjusted EBITDA as a measure of segment profitability in evaluating our performance and allocating resources at the reportable segment level. Adjusted Segment EBITDA is defined as earnings before interest and other non-operating income (expenses), taxes, depreciation and amortization, pre-operating expenses, certain impairment charges, asset write-downs, recoveries, gains and losses on asset sales, project development and acquisition costs, non-stock compensation expenses, and corporate-related costs and expenses not allocated to each segment. | 6. 594 | 4. 492 | Other businesses (including conventional sports betting) | 4. 662 | |||||||||
| Quarterly consolidated period | 10. 292 | 7, 317 | 73. 492 | 59, 382 | |||||||||
| 143. 416 | 990 | 705 | 109. 488 | Expenses and expenses | |||||||||
| casino | 20, 719 | 16, 990 | 41, 294 | 30. 334 | |||||||||
| Eating and drinking | 3 | 17 | 3 | 24 | |||||||||
| 10. 714 | 757 | 9. 030 | 20. 474 | 16. 485 | |||||||||
| Hotel | 2. 383 | 1. 228 | 4. 546 | 2. 447 | |||||||||
| Other businesses | — | — | 18 | — | |||||||||
| 1. 781 | 1. 187 | Sales and general management costs | 25. 285 | ||||||||||
| 21. 577 | 50. 220 | 594 | 39, 806 | Project development costs | ) | ||||||||
| Protection expenses | |||||||||||||
| 1. 086 | 2. 420 | ) | 11. 583 | ) | Depreciation and depreciation costs | ) | 10, 326 | ) | |||||
| 8, 155 | — | — | — | 355 | |||||||||
| 2. 420 | ) | 11. 583 | ) | Depreciation and depreciation costs | ) | 71, 177 | ) | ||||||
| 58. 788 | 141. 707 | ) | 115, 880 | ) | Operating income (loss) | ) | 2. 315 | ) | |||||
| 1. 709 | (6. 392 | ) | 561 | 337 | 526 | ||||||||
| Other revenue (cost) | $ | Payment interest-net amount | ) | $ | (11. 023 | ) | $ | (5. 633 | ) | $ | (21. 273 | ) | |
| (10. 452 | $ | Insurance Japanese money | ) | $ | (11. 023 | ) | $ | (5. 633 | ) | $ | (21. 273 | ) | |
| (10. 097 | $ | Insurance Japanese money | ) | $ | (11. 023 | ) | $ | (5. 633 | ) | $ | (21. 273 | ) | |
| (16. 489 | Corporate tax adjustment amount | (79 | Net loss | (8. 629 | |||||||||
| (5. 600 | Corporate tax adjustment amount | (79 | Net loss | (8. 629 | |||||||||
(0, 16
| Highlights for the second quarter and future events | The Midwest and Southern Division include Sylver Slipper Casino & Hotel, Rising Star Casino Resort, and American Place. In the second quarter of 2024, the sales of the segment were $ 55. 5 million, an increase of 11. 1 % from $ 49. 9 million in the previous fiscal year. After adjustments by segment, EBITDA was $ 12. 3 million, increasing by $ 9. 4 million in the previous fiscal year to 30, 7 %. These results reflect the continuous growth of the business in American Place, which opened on February 17, 2023. American place sales in the second quarter of 2024 were $ 27. 2 million, up 34, 0 % and 83, 5 % compared to the second quarter of the second quarter of the 2023 in the second quarter. | ||||||||||||
| In the western segment, the Grand Lodge Casino (located in the Hyatt Regency Lake Lake Taho Resort in the Incline Village), Stockman's Casino, Bronco Billy's Casino, and on December 27, 2023 Includes Chamonie Casino Hotels, which have begun to open. Bronco Billy's and Chamonix are integrated and adjacent casinos and are operated as a single entity by Colorado management. Sales in the same industry were $ 8. 1 million in the same period of the previous year to $ 87, 3 % in the second quarter of 2024 to $ 15. 2 million. After coordination, EBITDA, which was highly expensive for the opening of Chamonies, increased $ 2 million in the same period of the previous year, while the second quarter of 2024 increased to $ 9 million. Such expenses include new employee training, additional marketing costs that are expected to be useful for future management, and costs to operate many amenities in new resorts until construction is completed. 。 | In the western segment, the Grand Lodge Casino (located in the Hyatt Regency Lake Lake Taho Resort in the Incline Village), Stockman's Casino, Bronco Billy's Casino, and on December 27, 2023 Includes Chamonie Casino Hotels, which have begun to open. Bronco Billy's and Chamonix are integrated and adjacent casinos and are operated as a single entity by Colorado management. Sales in the same industry were $ 8. 1 million in the same period of the previous year to $ 87, 3 % in the second quarter of 2024 to $ 15. 2 million. After coordination, EBITDA, which was highly expensive for the opening of Chamonies, increased $ 2 million in the same period of the previous year, while the second quarter of 2024 increased to $ 9 million. Such expenses include new employee training, additional marketing costs that are expected to be useful for future management, and costs to operate many amenities in new resorts until construction is completed. 。 | ||||||||||||
| Conference Call Information We will host an investor conference call today, August 6, 2024, at 4:30 p. m. ET (1:30 p. m. PT). We will host an investor conference call at 4:30 p. m. ET (1:30 p. m. PT) to discuss our second quarter 2024 results. Investors may access a live audio webcast at the Investor Relations section of the Company's website at www. fullhouseresorts. com. The conference call may also be accessed by calling (201) 689-8470. | A replay of the conference call will be available shortly after the conclusion of the call until August 20, 2024. To access the replay, please visit www. fullhouseresorts. com/ 412) 317-6671 and use the password 13746753 to access the replay. | Conference Call Information We will host an investor conference call today, August 6, 2024, at 4:30 p. m. ET (1:30 p. m. PT). We will host an investor conference call at 4:30 p. m. ET (1:30 p. m. PT) to discuss our second quarter 2024 results. Investors may access a live audio webcast at the Investor Relations section of the Company's website at www. fullhouseresorts. com. The conference call may also be accessed by calling (201) 689-8470. | A replay of the conference call will be available shortly after the conclusion of the call until August 20, 2024. To access the replay, please visit www. fullhouseresorts. com/ 412) 317-6671 and use the password 13746753 to access the replay. | ||||||||||
| A replay of the conference call will be available shortly after the conclusion of the call until August 20, 2024. To access the replay, please visit www. fullhouseresorts. com/reports/2024. You may also access the replay by calling 412) 317-6671 and using the password 13746753. | |||||||||||||
| 34. 496 | $ | 34. 650 | $ | 34. 453 | $ | Number of shares issued after diluting | $ | 34. 710 | |||||
| 34. 496 | 34. 650 | 34. 453 | Full House Resorts Ink and subsidiaries Supplement Supplementary information Segment profits, after adjustment eBITDA and after adjustment EBITDA (unit: thousand, unpapided) | Third quarter | |||||||||
| First half of the year | 30 June | June 30th | 2024 | 2023 | |||||||||
| $ | 45. 359 | $ | 106, 358 | $ | 81. 346 | $ | Food and beverage charges | ||||||
| 55. 458 | |||||||||||||
| 34. 496 | $ | 110. 088 | $ | 90. 713 | $ | West | $ | 15. 151 | |||||
| 34. 496 | 865 | 177 | 731 | 234 | |||||||||
| First half of the year | 16. 213 | Sports betting contract | 2. 883 | 1. 382 | |||||||||
| 5. 143 | 2. 562 | 73. 492 | 59. 382 | 143. 416 | |||||||||
| 109. 488 | After adjustment EBITDA (1) and after adjustment EBITDA | ) | Midwest and Southern | ) | 12. 275 | ) | 9. 391 | ) | |||||
| 24. 958 | $ | 20. 077 | $ | West | $ | Sports betting contract | $ | 2. 577 | |||||
1. 361
4. 512
| Highlights for the second quarter and future events | The Midwest and Southern Division include Sylver Slipper Casino & Hotel, Rising Star Casino Resort, and American Place. In the second quarter of 2024, the sales of the segment were $ 55. 5 million, an increase of 11. 1 % from $ 49. 9 million in the previous fiscal year. After adjustments by segment, EBITDA was $ 12. 3 million, increasing by $ 9. 4 million in the previous fiscal year to 30, 7 %. These results reflect the continuous growth of the business in American Place, which opened on February 17, 2023. American place sales in the second quarter of 2024 were $ 27. 2 million, up 34, 0 % and 83, 5 % compared to the second quarter of the second quarter of the 2023 in the second quarter. | ||||||||||||||
| In the western segment, the Grand Lodge Casino (located in the Hyatt Regency Lake Lake Taho Resort in the Incline Village), Stockman's Casino, Bronco Billy's Casino, and on December 27, 2023 Includes Chamonie Casino Hotels, which have begun to open. Bronco Billy's and Chamonix are integrated and adjacent casinos and are operated as a single entity by Colorado management. Sales in the same industry were $ 8. 1 million in the same period of the previous year to $ 87, 3 % in the second quarter of 2024 to $ 15. 2 million. After coordination, EBITDA, which was highly expensive for the opening of Chamonies, increased $ 2 million in the same period of the previous year, while the second quarter of 2024 increased to $ 9 million. Such expenses include new employee training, additional marketing costs that are expected to be useful for future management, and costs to operate many amenities in new resorts until construction is completed. 。 | 10. 929 | In the western segment, the Grand Lodge Casino (located in the Hyatt Regency Lake Lake Taho Resort in the Incline Village), Stockman's Casino, Bronco Billy's Casino, and on December 27, 2023 Includes Chamonie Casino Hotels, which have begun to open. Bronco Billy's and Chamonix are integrated and adjacent casinos and are operated as a single entity by Colorado management. Sales in the same industry were $ 8. 1 million in the same period of the previous year to $ 87, 3 % in the second quarter of 2024 to $ 15. 2 million. After coordination, EBITDA, which was highly expensive for the opening of Chamonies, increased $ 2 million in the same period of the previous year, while the second quarter of 2024 increased to $ 9 million. Such expenses include new employee training, additional marketing costs that are expected to be useful for future management, and costs to operate many amenities in new resorts until construction is completed. 。 | 10. 929 | ||||||||||||
| Corporate | Conference Call Information We will host an investor conference call today, August 6, 2024, at 4:30 p. m. ET (1:30 p. m. PT). We will host an investor conference call at 4:30 p. m. ET (1:30 p. m. PT) to discuss our second quarter 2024 results. Investors may access a live audio webcast at the Investor Relations section of the Company's website at www. fullhouseresorts. com. The conference call may also be accessed by calling (201) 689-8470. | A replay of the conference call will be available shortly after the conclusion of the call until August 20, 2024. To access the replay, please visit www. fullhouseresorts. com/ 412) 317-6671 and use the password 13746753 to access the replay. | (3. 651 | Conference Call Information We will host an investor conference call today, August 6, 2024, at 4:30 p. m. ET (1:30 p. m. PT). We will host an investor conference call at 4:30 p. m. ET (1:30 p. m. PT) to discuss our second quarter 2024 results. Investors may access a live audio webcast at the Investor Relations section of the Company's website at www. fullhouseresorts. com. The conference call may also be accessed by calling (201) 689-8470. | A replay of the conference call will be available shortly after the conclusion of the call until August 20, 2024. To access the replay, please visit www. fullhouseresorts. com/ 412) 317-6671 and use the password 13746753 to access the replay. | (3. 651 | |||||||||
| 10. 507 | |||||||||||||||
| 26. 550 | $ | 20. 632 | $ | (1) In order to evaluate business performance on a report segment basis and allocate management resources, we use EBITDA after adjusting segments as an indicator of segment operating profitability. | Supplementary information for Full House Resorts and Subsidents Supplementary Store Sales and Segments after adjustment EBITDA (unit: Dollar, not audited) | ) | % | $ | Third quarter | $ | Cumulative period of consolidation for the second quarter | June 30th | ) | % | |
| Increase and decrease | June 30th | Increase and decrease | Reporting department | % | 2024 | 2023 | Decline | % | |||||||
| 2024 | $ | 34. 650 | $ | 34. 453 | Midwest and Southern | % | $ | Number of shares issued after diluting | $ | 34. 710 | 29. 584 | % | |||
| (4. 6 | $ | 57. 037 | $ | 59. 966 | (4. 9 | ) | % | $ | American Place | $ | 27. 246 | 20. 327 | ) | % | |
| Increase and decrease | 53. 051 | 30. 747 | 72, 5 | % | Midwest / Southern Total income | 55. 458 | 49. 911 | % | |||||||
| 11. 1 | $ | 110. 088 | $ | 90. 713 | 21. 4 | % | $ | West | $ | 15. 151 | 5. 258 | % | |||
| (10. 8 | |||||||||||||||
| 9. 991 | $ | 550 | $ | June 30th | (19. 2 | ) | % | $ | American Place | $ | 2023 | 4. 133 | ) | % | |
| 83, 5 | 893 | — | 14. 967 | 893 | — | 14. 967 | |||||||||
| 94. 3 | After adjustment segment EBITDA | — | 14. 967 | 9. 391 | — | 14. 967 | |||||||||
| 24. 958 | $ | 30 June | $ | June 30th | Contract sports bed | % | $ | 2024 | $ | 2023 | (60. 2 | % | |||
| 1. 375 | $ | 281 | $ | Sports betting contract | (46. 3 | ) | % | $ | 827 | $ | 1. 382 | N. M. | ) | % | |
| 83, 5 | 893 | — | 14. 967 | 893 | — | 14. 967 | |||||||||
| 94. 3 | 2. 875 | — | 14. 967 | Total income from sports betting contracts | — | 14. 967 | |||||||||
| 1. 382 | $ | 16. 213 | $ | Sports betting contract | 2. 562 | % | $ | 2. 883 | $ | 1. 382 | 1. 361 | % | |||
(79. 4
2. 522
| Highlights for the second quarter and future events | The Midwest and Southern Division include Sylver Slipper Casino & Hotel, Rising Star Casino Resort, and American Place. In the second quarter of 2024, the sales of the segment were $ 55. 5 million, an increase of 11. 1 % from $ 49. 9 million in the previous fiscal year. After adjustments by segment, EBITDA was $ 12. 3 million, increasing by $ 9. 4 million in the previous fiscal year to 30, 7 %. These results reflect the continuous growth of the business in American Place, which opened on February 17, 2023. American place sales in the second quarter of 2024 were $ 27. 2 million, up 34, 0 % and 83, 5 % compared to the second quarter of the second quarter of the 2023 in the second quarter. | ||||||||||||
| In the western segment, the Grand Lodge Casino (located in the Hyatt Regency Lake Lake Taho Resort in the Incline Village), Stockman's Casino, Bronco Billy's Casino, and on December 27, 2023 Includes Chamonie Casino Hotels, which have begun to open. Bronco Billy's and Chamonix are integrated and adjacent casinos and are operated as a single entity by Colorado management. Sales in the same industry were $ 8. 1 million in the same period of the previous year to $ 87, 3 % in the second quarter of 2024 to $ 15. 2 million. After coordination, EBITDA, which was highly expensive for the opening of Chamonies, increased $ 2 million in the same period of the previous year, while the second quarter of 2024 increased to $ 9 million. Such expenses include new employee training, additional marketing costs that are expected to be useful for future management, and costs to operate many amenities in new resorts until construction is completed. 。 | In the western segment, the Grand Lodge Casino (located in the Hyatt Regency Lake Lake Taho Resort in the Incline Village), Stockman's Casino, Bronco Billy's Casino, and on December 27, 2023 Includes Chamonie Casino Hotels, which have begun to open. Bronco Billy's and Chamonix are integrated and adjacent casinos and are operated as a single entity by Colorado management. Sales in the same industry were $ 8. 1 million in the same period of the previous year to $ 87, 3 % in the second quarter of 2024 to $ 15. 2 million. After coordination, EBITDA, which was highly expensive for the opening of Chamonies, increased $ 2 million in the same period of the previous year, while the second quarter of 2024 increased to $ 9 million. Such expenses include new employee training, additional marketing costs that are expected to be useful for future management, and costs to operate many amenities in new resorts until construction is completed. 。 | ||||||||||||
| Conference Call Information We will host an investor conference call today, August 6, 2024, at 4:30 p. m. ET (1:30 p. m. PT). We will host an investor conference call at 4:30 p. m. ET (1:30 p. m. PT) to discuss our second quarter 2024 results. Investors may access a live audio webcast at the Investor Relations section of the Company's website at www. fullhouseresorts. com. The conference call may also be accessed by calling (201) 689-8470. | A replay of the conference call will be available shortly after the conclusion of the call until August 20, 2024. To access the replay, please visit www. fullhouseresorts. com/ 412) 317-6671 and use the password 13746753 to access the replay. | Conference Call Information We will host an investor conference call today, August 6, 2024, at 4:30 p. m. ET (1:30 p. m. PT). We will host an investor conference call at 4:30 p. m. ET (1:30 p. m. PT) to discuss our second quarter 2024 results. Investors may access a live audio webcast at the Investor Relations section of the Company's website at www. fullhouseresorts. com. The conference call may also be accessed by calling (201) 689-8470. | A replay of the conference call will be available shortly after the conclusion of the call until August 20, 2024. To access the replay, please visit www. fullhouseresorts. com/ 412) 317-6671 and use the password 13746753 to access the replay. | ||||||||||
| Other revenue (cost) | $ | Payment interest-net amount | ) | $ | (11. 023 | ) | $ | (5. 633 | ) | $ | (21. 273 | ) | |
| 1. 709 | (6. 392 | ) | 561 | 337 | 526 | ||||||||
| 1. 086 | N. M. Unknown. (1) Comparable operations exclude the results of American Place, which opened on February 17, 2023. (2) Comparable operations exclude the results of Illinois, which commenced its contract on August 15, 2023. Revenues from termination of contract for same-store operations. (3) To improve comparability, also excludes front-loaded revenues from termination of contract for same-store operations. Such adjustments reflect Sport Skin, which ceased operations in the second quarter of 2024. | Full House Resorts, Inc. and Subsidiaries Supplemental Information Reconciliation of Net Loss and Operating Income (Loss) to Adjusted EBITDA (In thousands, unaudited) | Expiration 3 months | 6 months | |||||||||
| 8, 155 | — | — | — | June 30 | ) | ||||||||
| 21. 577 | 50. 220 | 594 | 39, 806 | Project development costs | ) | ||||||||
| Eating and drinking | 3 | 17 | 3 | 24 | |||||||||
| 10. 714 | 757 | 9. 030 | 20. 474 | 16. 485 | |||||||||
| Hotel | 2. 383 | 1. 228 | 4. 546 | 2. 447 | |||||||||
| Other businesses | — | — | 18 | — | |||||||||
| 10. 452 | 740 | 655 | Insurance Settlement Proceeds | 2. 875 | |||||||||
| Operating Income (Loss) | $ | 20. 077 | $ | West | $ | Sports betting contract | $ | 2. 577 | |||||
Protection Costs
| 1. 086 | ||||||||||||||||||||
| 2. 420 | ||||||||||||||||||||
| 11. 583 | ||||||||||||||||||||
| Depreciation and amortization | 10, 326 | 8, 155 | 20, 951 | 14. 014 | ||||||||||||||||
| Asset disposal losses | Compensation based on reserves | 1. 449 | 1. 403 | Adjusted EBITDA | 2. 420 | |||||||||||||||
| 10, 507 | 26. 550 | 20, 632 | 20, 632 | Three Months Ended June 30, 2024 | Adjusted | |||||||||||||||
| Corporate | ||||||||||||||||||||
| 34. 496 | $ | Amortization | $ | Plan | $ | — | $ | — | $ | — | $ | 110. 088 | ||||||||
| 34. 496 | Gain | ) | Development | — | 757 | — | 865 | |||||||||||||
| First half of the year | 16. 213 | — | — | — | — | 16. 213 | ||||||||||||||
| 2023 | Loss | — | 757 | — | 2. 562 | |||||||||||||||
| Legal expenses | ||||||||||||||||||||
| 109. 488 | Compensation | ) | 28 | 3 | — | 740 | After adjustment EBITDA (1) and after adjustment EBITDA | ) | ||||||||||||
| $ | 50. 220 | $ | 2. 383 | $ | 3 | $ | 757 | $ | 740 | $ | 20. 077 | |||||||||
| 6. 042 | ||||||||||||||||||||
| 2. 420 | ||||||||||||||||||||
| 11. 583 | ||||||||||||||||||||
| Depreciation and amortization | 10, 326 | 8, 155 | 20, 951 | 14. 014 | ||||||||||||||||
| Asset disposal losses | Compensation based on reserves | 1. 449 | 1. 403 | Adjusted EBITDA | 2. 420 | |||||||||||||||
| 10, 507 | 26. 550 | 20, 632 | 20, 632 | Three Months Ended June 30, 2024 | Adjusted | |||||||||||||||
| Corporate | ||||||||||||||||||||
| 34. 496 | $ | Amortization | $ | Plan | $ | — | $ | 5 | $ | — | $ | 90. 713 | ||||||||
| 34. 496 | Profit | ) | 569 | — | Development | — | 177 | |||||||||||||
| First half of the year | Sports betting contract | — | — | — | — | Sports betting contract | ||||||||||||||
| Custom | Loss | — | 9. 030 | — | 73. 492 | |||||||||||||||
| Legal expenses | ||||||||||||||||||||
| 109. 488 | EBITDA | ) | 30 | 17 | — | 655 | Midwest and Southern | ) | ||||||||||||
| $ | 594 | $ | 1. 228 | $ | 17 | $ | 9. 030 | $ | 655 | $ | West | |||||||||
Protection Costs
| West | |||||||||||||||||||||||
| 2. 420 | |||||||||||||||||||||||
| 11. 583 | |||||||||||||||||||||||
| Depreciation and amortization | 10, 326 | 1. 361 | 8, 155 | 20, 951 | 14. 014 | ||||||||||||||||||
| Asset disposal losses | Compensation based on reserves | Corporate | 1. 449 | 1. 403 | Adjusted EBITDA | 2. 420 | |||||||||||||||||
| 10, 507 | 26. 550 | For the six months ended June 30, 2024 | 20, 632 | 20, 632 | Three Months Ended June 30, 2024 | Adjusted | |||||||||||||||||
| Corporate | |||||||||||||||||||||||
| 34. 496 | $ | Equity | $ | EBITDA and | $ | 18 | $ | — | $ | 119 | $ | — | $ | West | |||||||||
| 34. 496 | Disposal | ) | Development | — | — | Preparation | — | 731 | |||||||||||||||
| First half of the year | 2. 883 | — | — | — | — | — | 2. 883 | ||||||||||||||||
| Creolisis | Assets | 18 | — | 20. 474 | — | 59. 382 | |||||||||||||||||
| Legal expenses | |||||||||||||||||||||||
| 109. 488 | Reportable Segments | ) | 58 | — | 3 | — | Insurance Settlement Proceeds | 12. 275 | ) | ||||||||||||||
| $ | 39, 806 | $ | 4. 546 | $ | 18 | $ | 3 | $ | 20. 474 | $ | Insurance Settlement Proceeds | $ | Sports betting contract | ||||||||||
| 2. 301 | ||||||||||||||||||||
| 2. 420 | ||||||||||||||||||||
| 11. 583 | ||||||||||||||||||||
| Depreciation and amortization | 10, 326 | 8, 155 | 20, 951 | 14. 014 | ||||||||||||||||
| Asset disposal losses | Compensation based on reserves | 1. 449 | 1. 403 | Adjusted EBITDA | 2. 420 | |||||||||||||||
| 10, 507 | 26. 550 | 20, 632 | 20, 632 | Three Months Ended June 30, 2024 | Adjusted | |||||||||||||||
| Corporate | ||||||||||||||||||||
| 34. 496 | $ | Amortization | ) | $ | Plan | $ | — | $ | Equity | $ | — | $ | 15. 151 | |||||||
| 34. 496 | Development | ) | Development | — | Preparation | — | 234 | |||||||||||||
| First half of the year | 1. 382 | — | — | — | — | 1. 382 | ||||||||||||||
| Creolesis | ) | Legal Expenses | — | 16. 485 | — | 143. 416 | ||||||||||||||
| Legal expenses | ||||||||||||||||||||
| 109. 488 | Midwest & South | ) | 61 | 24 | — | 2. 875 | 9. 391 | ) | ||||||||||||
| $ | Project development costs | ) | $ | 2. 447 | $ | 24 | $ | 16. 485 | $ | 2. 875 | $ | 2. 577 | ||||||||
1. 482
#Full #House #Resorts #Announces #Second #Quarter #Results>Full #House #Resorts #Announces #Second #Quarter #Results #full #house #casino. On a consolidated basis, revenues in the second quarter of were $ million, a % increase from $ million in the prior-year period. Full House Resorts, Inc. ; Sector. Casinos & Gaming ; Calendar. - Q3 Earnings Release (Projected) ; Related indices. Russell ; Mean consensus.
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