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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Full House Resorts
Full House Resorts (FLL) investor relations material
Full House Resorts Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary6 Aug, 2026
Executive summary
Consolidated revenues for Q2 2026 increased 5.6% year-over-year to $78.1 million, driven by strong growth at American Place and Chamonix, partially offset by the sale of Stockman's Casino and fewer contracted sports wagering skins.
Adjusted EBITDA rose 19.5% year-over-year to $13.3 million, with American Place achieving its best quarter ever and margin improvements in both Midwest & South and West segments.
Net loss improved to $(8.7) million from $(10.4) million in Q2 2025, reflecting improved operating income and lower corporate expenses; diluted loss per share was $(0.24) versus $(0.29) last year.
Chamonix saw nearly 12% revenue growth, with break-even adjusted property EBITDA after targeted marketing and operational changes.
Other properties faced mixed results: Rising Star was impacted by a 42-hour power outage, Silver Slipper improved EBITDA despite lower revenues, and Grand Lodge Casino continued to be disrupted by ongoing Hyatt renovations.
Financial highlights
Q2 2026 revenues were $78.1 million (Q2 2025: $73.9 million); H1 2026 revenues: $152.5 million (H1 2025: $149.0 million).
Adjusted EBITDA for H1 2026 was $26.5 million, up 17% year-over-year.
American Place revenues rose 13.4% year-over-year to $34.8 million; adjusted property EBITDA up 13.8% to $10.1 million.
Chamonix's win per position per day was about $175, below the Black Hawk market average, but targeted improvements are underway.
Net loss per share improved to $(0.24) in Q2 2026 from $(0.29) in Q2 2025.
Outlook and guidance
Permanent American Place casino expected to open in the second half of 2028, with construction requiring 18–24 months and sitework underway.
Temporary American Place facility approved to operate through February 2029, ensuring continuity during construction.
Chamonix aims to improve win per position per day to the Black Hawk average, targeting $30–$40 million annual EBITDA over 18 months.
Management expects continued ramp-up at Chamonix and American Place to drive future growth.
Margin expansion at American Place is expected to reach mid-30% EBITDA margins in the permanent facility.
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Latest events from Full House Resorts
- Adjusted EBITDA rose 14.7% to $13.2M as net loss narrowed and casino growth accelerated.FLL
Q1 2026 - Proxy covers director elections, charter changes, auditor ratification, and executive pay.FLLProxy filing
- Shareholders to vote on directors, governance, auditor, and executive pay amid growth and ESG focus.FLLProxy filing
- Record revenue and EBITDA growth driven by new casinos in high-barrier, underserved markets.FLLInvestor presentation
- Strong revenue growth and luxury expansion in key underserved markets drive performance.FLLInvestor presentation
- Q4 revenue and EBITDA rose, led by American Place and Colorado, with permanent casino construction imminent.FLLQ4 2025
- Q3 revenue up 5.8% to $75.7M, but higher costs led to a net loss of $8.5M.FLLQ3 2024
- Q2 2024 revenue rose 23.8% to $73.5M, with Adjusted EBITDA up 34.6% to $14.1M.FLLQ2 2024
- Strong revenue growth from new properties, but losses persist amid expansion and ramp-up costs.FLLQ4 2024
Next Full House Resorts earnings date
Q3 20265 Nov, 2026
Full House Resorts
Next Full House Resorts earnings date
Q3 20265 Nov, 2026
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Frequently asked questions
Full House Resorts Inc. is a gaming and hospitality company that develops, owns, and operates casinos and entertainment properties in the United States. The company’s portfolio includes regional gaming establishments featuring slot machines, table games, sports betting, hotels, restaurants, and other resort amenities. Full House Resorts serves local and tourist markets, offering gaming and leisure experiences across its various properties. Full House Resorts Inc. is headquartered in Las Vegas, Nevada, and its shares are listed on the NASDAQ.