Full House Resorts shares surge 20.48% intraday amid progress on American Place casino and improved operations at Chamonix despite Q4 net loss.

Full House Resorts surged 20.48% intraday trading following the release of its Q4 earnings report, which highlighted mixed results. While the company posted a $12.4 million net loss and revenue growth of 3.4%, executives emphasized strong performance at the temporary American Place casino in Illinois, where revenue rose 11% to $32 million in the quarter. Management also outlined progress on the permanent American Place project, including nearing completion of foundation designs and discussions for an 18-month license extension, signaling long-term growth potential. Additionally, improved operations at Chamonix in Colorado contributed to a 5% revenue increase. Despite challenges like construction disruptions and the sale of Stockman’s Casino, the stock’s sharp rise suggests investor optimism about the company’s strategic.