Full House Resorts, Inc. Announces Consolidated Earnings Guidance for the Fourth Quarter Ended December 31, 2020
January 25, 2021 at 08:30 am EST
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Full House Resorts announced earnings guidance for the fourth quarter ended December 31, 2020. For the fourth quarter of 2020, consolidated net revenues are expected to be in the range of $37.8 million to $38.5 million, compared to $39.0 million for the fourth quarter of 2019. Consolidated operating income for the fourth quarter of 2020 is expected to be in the range of $7.1 million to $8.0 million, compared to an operating loss of $0.4 million for the fourth quarter of 2019. Net income is expected to be in the range of $1.2 million to $4.0 million for the fourth quarter of 2020, an improvement from a net loss of $4.1 million in the fourth quarter of 2019.
Full House Resorts, Inc. owns, leases, develops and operates gaming facilities throughout the country. The Company operates seven casinos: six on real estate that it owns, or leases and one located within a hotel owned by a third party. The Company operates through three segments: Midwest & South, West, and Contracted Sports Wagering. The Midwest & South segment includes Silver Slipper Casino and Hotel, Rising Star Casino Resort and American Place. The West segment includes Grand Lodge, Stockmanâs Casino, Bronco Billyâs Casino and Hotel, and Chamonix Casino Hotel. The Contracted Sports Wagering segment consists of its on-site and online sports wagering skins in Colorado, Indiana, and Illinois. Its properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Chamonix Casino Hotel and Bronco Billyâs Casino and Hotel in Cripple Creek, Colorado; and Rising Star Casino Resort in Rising Sun, Indiana, among others.