Full House Resorts Q2 Revenue Climbs 5.6%, Adjusted EBITDA Surges 19.5% as New Casinos Gain Traction
FLL is trading near its 52-week low of $2.02 (3.5% above the low).
Summary
Full House Resorts posted Q2 revenue of $78.1M (+5.6% YoY) and Adjusted EBITDA of $13.3M (+19.5% YoY), with its new casinos driving growth. The IGB extended the temporary American Place license through 2029, and sitework on the permanent facility has begun.
Key Events · Earnings and Guidance · FLL
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Revenue Up 5.6% to $78.1M
Q2 2026 revenue rose to $78.1 million from $73.9 million a year ago, led by the Midwest & South segment (American Place, Silver Slipper, Rising Star), which grew 5.6% to $61.0 million.
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Adjusted EBITDA Jumps 19.5% to $13.3M
Adjusted EBITDA increased to $13.3 million from $11.1 million, with the West segment (Chamonix, Bronco Billy's, Grand Lodge) narrowing its loss to $0.1 million from a $1.1 million loss a year ago.
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Operating Income Swings to $2.3M Profit
Operating income was $2.3 million compared to an operating loss of $0.1 million in Q2 2025, reflecting improved margins as new properties ramp up.
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IGB Extends Temporary American Place License Through 2029
The Illinois Gaming Board approved an extension allowing the temporary American Place casino to operate through February 17, 2029, ensuring no gap in operations before the permanent facility opens.
Analysis · FLL · Real Estate & Construction
A solid quarter for Full House Resorts saw revenue climb 5.6% to $78.1 million and Adjusted EBITDA surge 19.5% to $13.3 million, fueled by its two newest properties, American Place and Chamonix. The company swung to an operating profit of $2.3 million from a small loss a year ago, though heavy interest expense kept the bottom line in the red. Removing a key overhang, the Illinois Gaming Board extended the temporary American Place license through February 2029, and sitework has begun on the permanent facility. Yet the balance sheet remains stretched with a stockholders' deficit of $13.3 million and $475 million in gross debt, and the stock trades near its 52-week low. The results show operational momentum, but capital-structure risk persists.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 31.5% of the 1750 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, FLL was trading at $2.09 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $79.4M. The 52-week trading range was $2.02 to $4.56. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.