Full House Resorts has released its financial report for the third quarter of 2023. The company also announced that its Illinois sportsbook operations are now live.
The company posted $71.5m in revenue, reflecting a 72.8% boost year-over-year. Net income rose to $4.6m during the third quarter as well.
However, the most substantial growth spike in Q3 was in Full House Resorts’ adjusted EBITDA, which reached $20.6m. Adjusted EBITDA grew by 165.9% when compared to results from last year’s corresponding quarter.
According to the company report, The Temporary by American Place had a strong quarter across the board.
Full House Resorts President and CEO Daniel R. Lee discussed the operations results from The Temporary by American Place by saying, “As envisioned, results at The Temporary by American Place continued to improve during the third quarter.
"Our table games business at The Temporary was strong initially, and continued to build as we hired more dealers and increased the number of available table games. Our slots business also continues to ramp up, aided by our guest database that continues to grow meaningfully in size with every passing week.
“As a result, both revenues and adjusted property EBITDA at The Temporary increased from the second quarter of this year, reaching $23.9m and $6.8m, respectively. The Temporary’s available amenities also continue to expand, with the on-site sportsbook welcoming its first bets approximately one month ago."
