Full House Resorts, Inc. (FLL) Q4 2024 Earnings Conference Call
On March 6, 2025, at 4:30 PM ET, Full House Resorts, Inc. (FLL) held its Fourth Quarter and Full Year 2024 Earnings Call. The conference call was led by Lewis Fanger, Chief Financial Officer, and Dan Lee, President and Chief Executive Officer. Participating analysts included Ryan Sigdahl from Craig-Hallum Capital Group, Jordan Bender from Citizens, John DeCree from CBRE, Chad Beynon from Macquarie Asset Management, and Ricardo Chinchilla from Deutsche Bank. The operator began the call with the following greeting:
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Greetings and welcome to the Full House Resorts’ Fourth Quarter and Full Year 2024 Earnings Call. At this time, all participants are in a listen-only mode.“
Financial Highlights
During the call, management discussed the company’s financial results for the quarter and the year. For the fourth quarter, net revenue came in at $62.9 million, a 2.5% increase compared to the same period in 2023. Adjusted EBITDA was $13.1 million, a 12.3% decrease from the prior-year quarter. The decrease in Adjusted EBITDA was primarily due to higher operating expenses and a decrease in revenue.
Business Updates
Lee also provided updates on the company’s business operations. He highlighted the successful integration of the Rising Star Casino Resort in Indiana, which was acquired in the second quarter of 2024. The property has performed better than expected, with strong revenue growth and improved operating margins. Additionally, the company’s Silver Slipper Casino and Hotel in Mississippi is undergoing a major renovation, which is expected to be completed in the second quarter of 2026.
Analyst Questions
The call included a question-and-answer session with the participating analysts. The topics discussed included the company’s growth strategy, capital allocation, and the outlook for the gaming industry. Fanger and Lee provided detailed and informative responses to each question, offering insights into the company’s financial position and future plans.
Impact on Individual Investors
For individual investors, the earnings call provided valuable information about the company’s financial performance and future prospects. The call helped investors better understand the company’s business operations and the factors driving its financial results. Additionally, the call offered insights into the management team’s thinking and their plans for the future.
Impact on the World
Beyond the impact on individual investors, the earnings call also provided insights into the broader gaming industry. The call offered insights into the company’s strategies for growth and expansion, as well as the challenges and opportunities facing the industry. Additionally, the call provided insights into the company’s approach to capital allocation and its plans for investing in its properties and expanding its footprint.
Conclusion
In conclusion, Full House Resorts’ Fourth Quarter and Full Year 2024 Earnings Call provided valuable insights into the company’s financial performance and future prospects. The call offered insights into the company’s business operations, growth strategy, and capital allocation. Additionally, the call provided insights into the broader gaming industry and the challenges and opportunities facing the sector. Overall, the call was an informative and engaging event for investors and industry observers alike.
- Net revenue for Q4 2024 was $62.9 million, a 2.5% increase from the prior-year quarter.
- Adjusted EBITDA for Q4 2024 was $13.1 million, a 12.3% decrease from the prior-year quarter.
- Rising Star Casino Resort in Indiana has performed better than expected since its acquisition in Q2 2024.
- Silver Slipper Casino and Hotel in Mississippi is undergoing a major renovation, expected to be completed in Q2 2026.
- Management discussed the company’s growth strategy, capital allocation, and the outlook for the gaming industry during the Q&A session.
