Business
Full House Resorts Announces Second Quarter Results and Provides Construction Updates for Its Growth Projects
Construction of Company’s Two Major Growth Projects Continues, with Significant Progress in the Quarter Erection of the Sprung Structure is Nearly Complete at
About this update from Full House Resorts, Inc.
[{"type":"text","content":"Construction of Company’s Two Major Growth Projects Continues, with Significant Progress in the Quarter Erection of the Sprung Structure is Nearly Complete at The Temporary in Waukegan, Illinois Casino Opening Anticipated in the Fourth Quarter of 2022 Tower One of Chamonix Casino Hotel in Cripple Creek, Colorado, has Topped Off Second Hotel Tower Will Top Off Within a Few WeeksLast Hotel Tower is Beginning to Rise from its Foundations, as ScheduledOpening is Anticipated in Mid-2023 Management is Confident that its Existing Cash On-Hand and Other Existing Resources are Sufficient to Complete Both The Temporary and ChamonixAgreement Reached with Circa Sports for Internet and On-site Sports Wagering in IllinoisOperating Results Compared Well to Pre-Pandemic Results, but Lagged Prior-Year Results Principally due to Absence of Stimulus Spending, Construction Disruption in Colorado and Increased Property Insurance Costs LAS VEGAS, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Full House Resorts, Inc. (Nasdaq: FLL) today announced results for the second quarter ended June 30, 2022, including a construction update for its two major new casinos. “We made significant progress on our growth projects during the second quarter,” said Daniel R. Lee, President and Chief Executive Officer of Full House Resorts. “Our casino site in Waukegan, Illinois, has been transformed, with the Sprung structure now nearly complete. We are now installing utilities within the structure for items like bathrooms, bars, and slot machines, and expect to pour the floor slab within the next month. We have identified and are placing orders for The Temporary’s approximately 1,000 slot machines, have hired much of the management team for the property, and have begun hosting job fairs for positions throughout the casino. When The Temporary opens, as anticipated, in the fourth quarter of 2022, it will be the only casino in Lake County, Illinois, which has a population of approximately 700,000 and ranks as one of the wealthiest counties in the U.S. “At our Chamonix project in Cripple Creek, Colorado, construction also continues at a swift pace,” continued Mr. Lee. “The central tower, which anchors the casino and includes the spa, has topped out. The parking garage is complete, and the guest rooms above the garage are starting to take shape. Foundations for the final guest room tower ...