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Full House Resorts Inc

fullhouseresorts.com

Full House Resorts Inc (NYSE: FLL) is a regional gaming company that owns and operates casino properties across the United States. Revenue comes primarily from slot machines and table games, supplemented by food and beverage, hotel, and other non-casino sources. For the year ended December 31, 2025, total revenues were $302.4 million, up 3.5% from $292.1 million in FY2024. Casino revenues of $230.3 million (FY2025) were split between slots at $191.2 million and table games at $38.3 million. Non-casino revenues totaled $72.1 million (FY2025), with food and beverage at $39.3 million and hotel at $16.0 million. The company operates properties under names including American Place (Waukegan, Illinois), Silver Slipper, Chamonix, Bronco Billy's, Rising Star, and Grand Lodge, with 1,557 full-time and 274 part-time casino employees as of December 31, 2025. Headquarters are in Las Vegas, Nevada. The company carries an accumulated deficit and reported net losses in both FY2024 and FY2025.

Products & Services

Slot machine gaming, table game gaming, food and beverage service, hotel accommodations, and other resort amenities across multiple casino properties including American Place (temporary facility in Waukegan, IL, with permanent facility in design as of the 10-K filed 2026-03-16), Silver Slipper, Chamonix, Bronco Billy's, Rising Star, and Grand Lodge.

Revenue Model

Transactional gaming revenue from slot machines (hold on coin-in) and table games (hold on drop), with ancillary revenue from food and beverage, hotel rooms, and other amenities. Slot hold percentage was 7.6% and table game hold percentage was 17.9% for both FY2025 and FY2024.

Customers & Markets

Regional gaming consumers at destination and local casino properties. No disclosed customer concentration data. End market demand is driven by regional discretionary consumer spending on gaming and hospitality.

Geographic Exposure

United States regional markets. Properties include Waukegan, Illinois (American Place, Midwest and South segment), plus Silver Slipper, Chamonix/Bronco Billy's, Rising Star, and Grand Lodge locations as of December 31, 2025. Corporate headquarters in Las Vegas, Nevada.

Financial Snapshot

Revenue
TTM
$301.7M
Gross Margin
TTM
82.33%
Net Income
TTM
-$38.58M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
59.6%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
-5.350M
Cash
2026 Q1
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
$3.141M

Stock Price

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Market Cap: $80.146 Million

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