Casino and hospitality company Full House Resorts has published its financial results for the second quarter of the year. The company’s revenue remained mostly stable, with its team continuing its efforts to identify and address inefficiencies.
Full House Resorts’ Revenue Was Mostly Stable
In its report, Full House Resorts outlined revenues of $73.9 million – a figure that was mostly consistent with Q2 2024, marking a slight increase of 0.6%. The company noted that the revenue reflected the continued ramp-up of operations at its latest properties, American Place Casino and Chamonix Casino Hotel, and was partially offset by a decline in Silver Slipper Casino and Hotel’s revenues.
In the second quarter of 2025, Full House Resorts’ net loss broadened, reaching $10.4 million, which was equivalent to a loss of $0.29 per diluted common share. For comparison, the company reported a net loss of $8.6 million in the prior year period.
In addition to that, Full House Resorts reported adjusted EBITDA of $11.1 million, down from $14.1 million in the 2024 period. The decline was attributed to elevated costs at Chamonix, whose team continues to target areas of improved operating efficiency. While these efforts have yielded results compared to Q1, Chamonix’s financials still offset the strong growth of American Place.
As of June 30, 2025, Full House Resorts had $32.1 million in cash and cash equivalents, with an outstanding debt of $450 million. The company added that it had $25 million outstanding under its revolving credit facility.
The Company’s Segments Reported Somewhat Mixed Results
According to Full House Resorts, its Midwest & South segment, which includes Silver Slipper Casino and Hotel, Rising Star Casino Resort, and American Place Casino, reported revenue of $57.8 million, up 4.2% year-on-year. The segment’s adjusted EBITDA reached $12.8 million, representing an increase of 3.9% year-on-year.
The West segment, which includes Grand Lodge Casino, Stockman’s Casino, Bronco Billy’s Casino, and Chamonix Casino Hotel, experienced a 4.4% decrease in revenue to $14.5 million. The company attributed this to the sale of Stockman’s, which offset growth across other properties. The West segment’s adjusted EBITDA loss stood at $1.1 million, down from an adjusted EBITDA gain of $0.9 million in the prior year period. However, improved efficiencies at Chamonix should lead to improvements in the near future, Full House believes.
Last but not least, the Contracted Sports Wagering segment reported revenue of $1.7 million, with adjusted EBITDA of $1.6 million. Both figures represented YOY declines from the $2.9 million in revenue and $2.6 million in adj. EBITDA reported in Q2 2024.
CEO Lee Was Confident in the Company’s Long-Term Success
Daniel R. Lee, Full House Resorts’ CEO, said that the company’s journey toward improved efficiency continues. With a new management team, the Chamonix property is expected to soon turn the tide by reducing expenses and improving profitability.
At the same time, the company continues to make progress toward the construction of its permanent American Place facility. The temporary property continues to perform well, delivering record revenue and operating profit and sparking optimism about the future of its permanent counterpart.