Full House Resorts, Inc. announced its financial results for the second quarter ended June 30, 2025, with consolidated revenues of $73.9 million, a 0.6% increase from $73.5 million in the prior-year period. This modest growth was partially offset by the sale of Stockman’s Casino and modifications to contracted sports agreements in mid-2024.
The company reported a net loss of $10.4 million, or $(0.29) per diluted common share, compared to a net loss of $8.6 million, or $(0.25) per diluted common share, in Q2 2024. Adjusted EBITDA for the quarter was $11.1 million, down from $14.1 million in the prior-year period, reflecting strong growth at American Place offset by elevated costs at Chamonix, which was fully open in the recent quarter compared to partial operations previously.
American Place continued its strong ramp-up, delivering record net revenue and operating profit in the second quarter, reflecting growing awareness in Chicago’s northern suburbs. Management expects continued improvement with the addition of a poker room and ongoing awareness campaigns. Progress is also being made toward the start of construction for the permanent American Place facility.
At Chamonix, the new management team focused on operational efficiencies, identifying over $4 million of annual expenses that do not impact the high-end guest experience. Operating costs at Chamonix were $1.2 million lower in the second quarter compared to the first quarter of 2025, and revamped marketing efforts launched in the third quarter. As of June 30, 2025, the company had $32.1 million in cash and cash equivalents and reduced its outstanding revolving credit facility from $30.0 million to $25.0 million.
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