"Full House Resorts Full Year 2024 Earnings: In Line With Expectations"

Full House Resorts, Inc. has just released its full-year 2024 earnings report, and the results are in line with expectations. The company reported a 21.2% year-over-year increase in total revenues, reaching $292.1 million. This growth was driven by strong performances at American Place and the newly opened Chamonix Casino Hotel. American Place saw revenue jumps of 27.5% in the fourth quarter and 42.4% for the full year, while Colorado operations surged by 161.1% in the fourth quarter and 159.9% for the full year.



Despite the revenue growth, Full House reported a net loss of $40.7 million for the full year, up significantly from $24.9 million in 2023. This widening net loss raises concerns about the company's financial health and sustainability. However, the company is optimistic about further growth prospects and plans to break ground on a permanent American Place facility in 2025.

The company's Adjusted EBITDA increased by 42% to $10.4 million in the fourth quarter, indicating strong operational efficiency. However, the Adjusted Segment EBITDA for the West segment, which includes the Chamonix Casino Hotel, was negative at $(3.2) million in the fourth quarter, reflecting early operational inefficiencies and elevated costs amid ongoing construction disruptions.



In conclusion, Full House Resorts' full-year 2024 earnings report shows strong revenue growth driven by successful operational ramp-ups at American Place and Chamonix Casino Hotel. However, the widening net loss raises concerns about the company's financial health and sustainability. The company's plans to break ground on a permanent American Place facility in 2025 and its strong operational efficiency indicate optimism for future growth. Investors should keep an eye on the company's progress in addressing its financial challenges and sustaining its revenue growth.