Revenue for Full House Resorts slimmed slightly from $75.1 million in the first quarter of 2025 to $74.4 million in the same period of 2026. However, the casino company reduced its quarterly loss from $9.8 million to $8.2 million.
Cash flow grew 14.7 percent to $13.2 million and operating income rose $2.4 million. The company reported its financial results following the market close on Thursday.
According to Full House, growth at Rising Star Casino Resort in Indiana and Illinois’s The Temporary at American Place was offset by the discontinued operations of Stockman’s Casino, sold in April of 2025. On a same-store basis, revenue edged up 0.9 percent.
Full House’s Midwest/South division saw $59.4 million in revenue, a 3.8 percent increase, driven by a 7.1 percent uptick at American Place. Divisional cash flow grew 13.1 percent to $14.8 million.
Revenue, however, slipped at Full House’s Nevada and Colorado properties, dipping from $15.6 million in early 2025 to $13.6 million in 2026’s first quarter. Said the company, “Chamonix is early in its expected ramp, with operations expected to continue improving in the coming quarters and years.”
CEO Dan Lee disclosed that Full House had retained multiple firms to design and build the permanent American Place in Waukegan. They include Power Construction and W.A. Richardson Builders. The former was responsible for the new Hollywood Joliet casino. Richardson has worked on Durango Resort and Fontainebleau Las Vegas.
WATG was revealed as the American Place architectural firm. Its previous design credits include Hard Rock Rockford, also in Illinois.
Lee said “significant progress” had been made in underwriting the project. “We anticipate refinancing our existing bonds, which mature in February 2028, as part of that financing,” he explained. An 18-month to two-year construction timeline was contemplated.
“Our growth at American Place, located in Chicago’s northern suburbs, reflects its increasing awareness and popularity, as well as the continued expansion of our player database,” said Lee in a prepared statement. “The permanent casino is designed to have more than twice the overall square footage, 39 percent more slot machines, 86 percent more table games, additional amenities, and significantly more lavish street appeal and décor than the temporary casino, which is in a sprung structure.”
Full House ended the first quarter with $31.4 million cash on hand. It is carrying $450 million in debt.
