Propelled by “strong year-over-year growth” from The Temporary at American Place in Waukegan Full House Resorts reported higher third-quarter revenue. Improved financial performance at Indiana’s Rising Star Casino and at its Chamonix resort in Colorado also contributed to the upturn.
Full House lost $8.6 million, as revenue climbed 4.9 percent to $81.8 million. Cash flow narrowed slightly, down to $14.6 million from $14.8 million in 2025’s third quarter.
Midwest and southern revenue for Full House grew 6.4 percent to $62.1 million. Divisional cash flow jumped 18 percent, reaching $13.6 million.
In the western states, revenues rose 1.2 percent to $18.2 million. Cash flow shrank from $3.2 million to $1 million year over year.
The western properties faced a pair of adversities. Wildfires in Colorado dampened summertime business in Chamonix. Also, continued renovation of the Grand Hyatt on Lake Tahoe disrupted business for Full House’s Grand Lodge Casino. The work is expected to continue for another year.
In a prepared statement, Full House CEO Dan Lee said, “Since its opening in February 2023, revenue and profits at American Place have increased in every quarter when compared to the prior-year period. We believe our temporary facility will continue to grow in the coming quarters, and we look forward to even greater contributions from our permanent American Place casino, which is expected to open approximately two years from now.”
Turning to Chamonix, Lee noted revenue growth across all principal departments. “We are also executing on new initiatives to further advance our profit objectives at the property, while minimizing disruptions to customer service,” he added.
The CEO praised Rising Star for a 10 percent revenue leap. Of Silver Slipper in Biloxi, he said, “The property’s management team took a focused look at its cost structure, revising our marketing strategy and controlling departmental expenses. Those efforts produced improved margins and meaningful growth in operating profits.”
The company ended the third quarter with $30.7 million in cash on hand. Its debt load was $475 million.
