Business
Full House Resorts Announces Fourth Quarter Results
- The Temporary by American Place Officially Opened on February 17th; Illinois Sports Skin Expected to Commence Operations in the Coming Months - Construction
About this update from Full House Resorts, Inc.
[{"type":"text","content":"- The Temporary by American Place Officially Opened on February 17th; Illinois Sports Skin Expected to Commence Operations in the Coming Months - Construction Continues at Chamonix Casino Hotel, with an Opening Expected in the Second Half of 2023 - Executed New Sports Skin Agreement in Colorado - Lease Agreement to Operate Grand Lodge Casino in Lake Tahoe Extended to December 31, 2024 - Completed a $40 Million Bond Deal in February, Further Ensuring That No Additional Capital Will be Required Prior to Arranging Financing for the Permanent American Place Casino LAS VEGAS, March 07, 2023 (GLOBE NEWSWIRE) -- Full House Resorts, Inc. (Nasdaq: FLL) today announced results for the fourth quarter and year ended December 31, 2022, including updates regarding its growth pipeline. “On February 17th, The Temporary by American Place officially opened to the public,” said Daniel R. Lee, President and Chief Executive Officer of Full House Resorts. “We are very pleased with the positive response received from guests thus far, with many commenting that The Temporary is one of the nicest casinos in the area, despite being in a temporary structure. In its first twelve days of operation, we welcomed more than 40,000 guests through its doors. “Typical of many new casinos, we opened at less than full capacity. On opening night, for example, only approximately 80% of our slot floor and 60% of our permitted table games were available. Over the coming weeks, we expect to further augment the number of available games on our floor and increase the hours of operation for our table games, which currently operate from 2 p.m. to 2 a.m. As our team gains more experience, we also expect to operate the casino 24 hours per day, versus our current schedule of 8 a.m. to 4 a.m. “We are currently operating only one of our restaurants, L’Américain. We expect to open our Asia-Azteca fusion restaurant in the next few weeks. A third restaurant, North Shore Steaks and Seafood, is expected to be completed and open in the second quarter. Given the early response to The Temporary, we remain confident in our ability to generate attractive returns from both The Temporary and our future American Place destination.” Continued Mr. Lee, “At our Chamonix project in Cripple Creek, Colorado, we continue to make substantial progress. Drywall is being installed in guest rooms and the ...