Full House Resorts, Inc. · NASDAQ:FLL
Full House Resorts — Investor Presentation (July 2024)
30 slides from Full House Resorts's investor presentation, July 2024
Slide 1: Investor Presentation July 2024
Investor Presentation July 2024
Slide 2: Forward-looking Statements & Regulation G
Forward-looking Statements & Regulation G 2 This presentation contains statements by us and our officers that are “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified b
Slide 3: Forward-looking Statements & Regulation G
Forward-looking Statements & Regulation G 3 Our presentation of non-GAAP Measures may be different from the presentation used by other companies, and therefore, comparability may be limited. While excluded from certain non-GAAP Measures, depreciation and amortization expense, interest expense, incom
Slide 4: Property Overview
Property Overview 4 1 Grand Lodge Casino Incline Village, Nevada (North Lake Tahoe) 2 Stockman’s Casino Fallon, NV (Near Reno and Navy Air Station: Fallon) 2 6 1 3 Bronco Billy’s / Chamonix Casino Hotel 3 5 Cripple Creek, CO (Near Colorado Springs) 4 Silver Slipper Hancock County, MS (Near New Orlea
Slide 5: 1Q24 Financial Results
1Q24 Financial Results 5 ● Total revenues increased 39.6% from $50.1 million to $69.9 million ○ Includes $25.8 million from American Place ● Adjusted EBITDA increased 22.6% from $10.1 million to $12.4 million ○ American Place contributed $7.4 million to Adjusted EBITDA in 1Q24 ● Newest properties co
Slide 6: Grand Lodge Casino: Lease Extension Through 2034
Grand Lodge Casino: Lease Extension Through 2034 6 ● Extended Grand Lodge Casino lease agreement with Hyatt Lake Tahoe ○ 10-year extension ○ Lease now expires on December 31, 2034, subject to certain outs ● Minimal rent increase of 2% per year, beginning in 2026
Slide 7: American Place: Located in an Underpenetrated Area of Chicagoland
American Place: Located in an Underpenetrated Area of Chicagoland American Place is the closest casino to 1.1mm people 12mm people live within a 75 mi radius LTM AGR: $527 million 8 8 Source: StatsAmerica, Illinois Gaming Board, Google Maps (drive times based on 5pm departure on Friday, 1/7/22).
Slide 8: American Place: Operations Continue to Season
American Place: Operations Continue to Season 8 ● American Place reached its highest monthly gaming revenue in March 2024 ○ May 2024 and June 2024 reflect market seasonality Source: Illinois Gaming Board
Slide 9: American Place: Operations Continue to Season
American Place: Operations Continue to Season 9 ● High-end steakhouse recently opened in February 2024 ● Database continues to expand, recently surpassing 75,000 guests ● Our sports betting partner, Circa Sports, announced a multi-year deal as the home jersey patch partner of the Chicago Blackhawks
Slide 10: The Temporary: Canoe Bar
The Temporary: Canoe Bar
Slide 11: The Temporary: L'Américain
The Temporary: L’Américain
Slide 12: The Temporary: Asia-Azteca
The Temporary: Asia-Azteca
Slide 13: Chamonix Casino Resort
Chamonix Casino Resort 13 Fort Collins ● Cripple Creek: ~1 hour from approximately one Drive time: ~1hr 45min million people in the broader Colorado Springs Greeley market Drive time: ~1hr 50min Boulder ○ Similar driving distance from Black Drive time: ~1hr 5min Greater Denver area Hawk/Central City
Slide 14: Chamonix: Cripple Creek, Colorado
Chamonix: Cripple Creek, Colorado 14 ● Began its phased opening on December 27, 2023 ● $250 million project, which includes: ○ Luxurious, unparalleled casino in the local market ○ Approximately 300 guestrooms, the market’s first high-end room product ○ Steakhouse operated by Barry Dakake and Yassine
Slide 15: Chamonix: First Luxury Gaming Product in Cripple Creek
Chamonix: First Luxury Gaming Product in Cripple Creek 15
Slide 16: Chamonix: Database is Growing
Chamonix: Database is Growing 16 ● Chamonix’s opening in December helped drive database growth ● Several advertising mailers to proven casino guests began hitting mailboxes in June and July
Slide 17: Chamonix: Database is Growing
Chamonix: Database is Growing 17 ● Several advertising mailers to proven casino guests began hitting mailboxes in June and July
Slide 18: Chamonix: Database Sign-ups by City
Chamonix: Database Sign-ups by City 18 ● Colorado Springs will always be Chamonix’s primary market, but Denver is showing potential to be a meaningful secondary market ● Since opening, Denver has comprised 21% of new registrations to Chamonix’s loyalty program ● With typical weekend traffic, residen
Slide 19: Chamonix: Hotel Ramp Has Begun
Chamonix: Hotel Ramp Has Begun 19 ● Since the commencement of meaningful new amenities in May 2024, Chamonix’s hotel occupancy has shown strong improvement
Slide 20: Chamonix: Table Games Potential
Chamonix: Table Games Potential 20 ● Table games remains a largely untapped revenue source ● Hired a new table games director on July 1 to help elevate awareness of our unique table games product
Slide 21: Chamonix: Main Arrival
Chamonix: Main Arrival = Msmnitnin
Slide 22: Chamonix: Casino Arrival
22 Chamonix: Casino Arrival
Slide 23: Chamonix: Hotel Lobby
23 Chamonix: Hotel Lobby
Slide 24: Chamonix: Table Games Pit
24 Chamonix: Table Games Pit
Slide 25: Chamonix: Casino
25 Chamonix: Casino
Slide 26: Chamonix: Meeting Space
26 Chamonix: Meeting Space
Slide 27: Chamonix: Meeting Space
27 Chamonix: Meeting Space
Slide 28: Chamonix: Guestroom
28 Chamonix: Guestroom
Slide 29: Chamonix: Guestroom
29 Chamonix: Guestroom
Slide 30: Chamonix: View from Suite
30 Chamonix: View from Suite
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