Full House Resorts reports $10.4m net loss for Q2 2025, revenue increases 0.6%

Full House Resorts has released the financial results for its performance throughout the second quarter of 2025, reporting a net loss of $10.4m which equates to an increase of 20.3% from the prior-year period, while revenue still managed to increase by 0.6% year-over-year to $73.9m. 

The operator’s adjusted EBITDA for the second quarter of 2025 was reported to be $11.1m, also representing a decrease of 21.3% from the prior-year period, with results said to be affected by “increased costs” at the Chamonix property which was only operational for portions of Q2 2024. 

Midwest & south operations accounted for the highest revenue of any segment for Full House Resorts, reported to be $57.8m and increasing 4.2% year-over-year. Revenue for the operator’s West segment fell 4.4% from the prior-year period for a total of $14.5m, while contracted sports wagering accounted for $1.7m but decreased 42.5% year-over-year. 

Full House Resorts generated an adjusted segment EBITDA of nearly $12.8m in the Midwest & south, but a loss of over $1.1m from operations in the West. Contracted sports wagering adjusted segment EBITDA was reported to be $1.6m, falling by 37.5% from the prior-year period. 

“American Place continued its strong ramp in operations, delivering record net revenue and operating profit in the second quarter,” Full House Resorts CEO Daniel Lee said. 

Good to know: Full House Resorts promoted Lewis Fanger to the role of President on July 15 following over 10 years of serving as the company’s CFO and Treasurer, titles he will continue to hold with the new appointment

“This strong performance reflects the growing awareness and popularity of American Place throughout Chicago’s populous northern suburbs. Over the coming quarters, we expect the financial results for our temporary American Place casino to continue to improve, as we add a poker room and continue to build awareness in the region.”

Casino operations were the only Full House Resorts business to report an increase in revenue from the prior-year period, growing 4.2% year-over-year for a total of just under $57m. Food & beverage and hotel operations generated $9.6m and $3.7m of revenue throughout Q2 2025, respectively, but decreased 7.9% and 0.6% from the prior-year period. 

Operating expenses for Full House Resorts increased by nearly $3m from the prior-year period to just over $74m throughout the second quarter of 2025, leading to an operating loss of $74,000. Casino operations and selling, general and administrative accounted for the highest cost for Q2 2025, totaling $22.9m and $27.9m in expenses according to Full House Resorts. 

Kirk Geller

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