Full House Resorts stock posts higher revenue, wider Q3 loss

Published on 11/12/2026 at 02:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Full House Resorts stock reported third-quarter revenue growth and a wider net loss year over year. Expansion and debt remain key investor issues.

Third-quarter results reshape the outlook

Full House Resorts grew revenue across several casino operations, led by American Place.
Higher interest expense contributed to the wider quarterly net loss.
Liquidity, debt refinancing and the permanent American Place project remain central investor considerations.

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Full House Resorts reported its third-quarter results on Thursday, November 5, 2026, for the period ended September 30. According to Markets Insider, consolidated revenue rose 4.9 percent year over year to 81.8 million US dollars.

Revenue growth meets higher financing costs

American Place Casino, Chamonix and Rising Star contributed to the increase. American Place revenue rose 9.8 percent and reached a new property record, while Rising Star revenue increased 10.0 percent from the prior-year quarter.

Net loss widened to 8.6 million US dollars from 7.7 million US dollars a year earlier. Diluted loss per share was 0.24 US dollars, compared with 0.21 US dollars in the prior-year period. Operating income improved to 4.4 million US dollars from 3.4 million US dollars, but net interest expense rose to 13.0 million US dollars from 11.1 million US dollars.

Regional performance remains uneven

The Midwest and South segment generated revenue of 62.1 million US dollars, up 6.4 percent, while adjusted segment EBITDA increased 18.0 percent to 13.6 million US dollars. The West segment grew revenue 1.2 percent to 18.2 million US dollars, but adjusted segment EBITDA fell to 1.0 million US dollars from 3.2 million US dollars.

Management attributed pressure in the West to nearby Colorado wildfires and renovation work at Grand Lodge Casino. The company said the Lake Tahoe renovations are expected to be completed in late 2027. Company-wide adjusted EBITDA was 14.6 million US dollars, slightly below 14.8 million US dollars in the prior-year quarter.

Debt and expansion set the next milestones

Full House Resorts had liquidity of 45.7 million US dollars at September 30, including 30.7 million US dollars in cash and cash equivalents. Debt consisted mainly of 450.0 million US dollars in senior secured notes due in 2028 and 25.0 million US dollars drawn under a 40.0 million US dollar revolving credit facility. The maturity of that facility was extended to November 15, 2027.

The company expects its permanent American Place casino to open approximately two years from now. Investors will weigh the planned expansion against refinancing needs, construction risks and the cost pressure reflected in the wider net loss.

Full House Resorts' business and competitors

Full House Resorts owns, leases, develops and operates gaming facilities in the United States, including casinos in Illinois, Mississippi, Colorado, Indiana and Nevada. Its portfolio combines casino gaming, hotels, food and beverage, entertainment and contracted sports wagering.

The company is a regional operator rather than a national-scale casino group. Larger competitors include Caesars Entertainment, MGM Resorts International and Penn Entertainment, while Full House Resorts focuses on selected regional properties and smaller market niches.