Full House Resorts Q1 Operating Income +218.4% to $2.4M
Full House Resorts reported a strong first quarter 2026, with consolidated operating income surging 218.4% to $2.4 million and Adjusted EBITDA increasing 14.7% to $13.2 million. The net loss improved to $(8.2) million from $(9.8) million in the prior year. Revenues were $74.4 million, a slight decrease year-over-year, but increased 0.9% excluding the sale of Stockman’s Casino. The company highlighted continued strength at American Place Casino, which saw revenues grow 7.1%, and significant profitability improvements in its Colorado operations. Progress is being made on the permanent American Place facility, including earthmoving plans, contractor agreements, and anticipated financing details within weeks, alongside legislative efforts to extend the temporary casino's operating period.
Key Highlights
- Consolidated Operating Income rose 218.4% to $2.4 million in Q1 2026.
- Adjusted EBITDA increased 14.7% to $13.2 million in Q1 2026.
- Net loss improved to $(8.2) million from $(9.8) million year-over-year.
- American Place Casino revenues increased 7.1% in the first quarter.
- Midwest & South segment Adjusted Segment EBITDA rose 13.1% to $14.8 million.
- West segment Adjusted Segment EBITDA improved 28.3% to $(1.8) million.
- Cash and cash equivalents were $31.4 million as of March 31, 2026.
- Debt included $450.0 million in senior secured notes due 2028.