FLL PRESS-RELEASE SEC Filing Analysis

Final — all horizons settled through T+60d ⚠ clustered

FLL ▼ -4.10% at T+60d

NEUTRAL call ✗ call lost -4.10% · α vs SPY -16.89% · entry $2.68 → $2.57

Last close $2.42 (close Jun 8) · -9.70% from $2.68 entry

Entry anchored
Mar 5, 03:59 PM ET
via Databento tick

T+1d

-1.49%

call -1.49% · α -2.34%

$2.64

settled 3mo ago

T+5d

-2.61%

call -2.61% · α -1.08%

$2.61

settled 3mo ago

T+20d

-4.48%

call -4.48% · α -2.43%

$2.56

settled 2mo ago

T+60d

-4.10%

call -4.10% · α -16.89%

$2.57

settled 9d ago

Price Chart

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Executive Summary

Full House Resorts reported modest revenue growth for Q4 and full-year 2025, driven by strong performance at American Place and improving operations at Chamonix/Bronco Billy’s, offset by the sale of Stockman’s Casino. Net losses remained stable year-over-year, while Adjusted EBITDA declined slightly due to the absence of a prior-year $1.2M recovery. The company plans to begin construction on its permanent American Place casino in Q2 2026, with an 18-month extension bill introduced to keep the temporary facility open longer.

Key Financial Metrics

Revenue

$302.4M

+3.5% YoY

EPS

$-1.12

Actionable Insight

Traders should monitor progress on permanent American Place financing and construction start, as well as the Illinois legislative extension. Continued ramp at Chamonix and sustained growth at American Place could drive EBITDA expansion in 2026, but high leverage ($450M notes due 2028) remains a risk.

Key Facts

Q4 2025 revenue increased 3.4% YoY to $75.4M; full-year revenue up 3.5% to $302.4M
Q4 Adjusted EBITDA rose to $10.7M from $10.4M, but full-year Adjusted EBITDA declined to $48.1M from $48.6M
American Place Casino delivered 11.0% Q4 revenue growth and 13.1% full-year growth
Chamonix/Bronco Billy’s revenue up 11.2% for the year; Adjusted Property EBITDA loss narrowed significantly
Net loss for the year was $(40.2)M vs. $(40.7)M in 2024; EPS improved to $(1.12) from $(1.16)
Construction on permanent American Place casino expected to begin March/April 2026, with opening in 18–24 months
Illinois bill introduced to extend temporary American Place operations by 18 months beyond August 2027

Financial Impact

Revenue growth of $10.3M year-over-year, but Adjusted EBITDA down $0.5M despite growth at key properties due to lapping of $1.2M recovery

revenueepsebitdacashFlow

Risk Factors

High debt load with $450M senior notes due 2028 and limited revolver capacity
Construction delays or cost overruns at American Place
Failure of Illinois extension bill could create operational gap
Chamonix still in early ramp phase with negative Adjusted Property EBITDA

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3250667

3 reports for FLL

T+1T+5T+20T+60

Filters

Reports for FLL — sortable, filterable
	Type				Now
Apr 22, 2026 6w ago	Press Release NEUTRAL ★ 3/10	$2.47 $2.74	▲ +10.93%	▲ +6.30%	$2.42 (−2.02%)
Mar 5, 2026 13w ago	8-K MIXED ★ 6/10	$2.68 $2.56	▼ −4.48%	▼ −2.43%	$2.42 (−9.70%)
Mar 5, 2026 13w ago	Press Release MIXED ★ 6/10	$2.68 $2.56	▼ −4.48%	▼ −2.43%	$2.42 (−9.70%)

US Market Status

Market Closed — Opens in 7h 17m

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