Full House Resorts Q2 Earnings Tops Estimate

  • Full House Resorts Inc FLL reported second-quarter FY21 revenue growth of 226.9% year-on-year, to $47.44 million, beating the analyst consensus of $45.59 million.
  • Casino revenues rose 216.3% Y/Y, Food & Beverage increased 273.1%, and Hotel sales grew 249.1%.
  • Revenues at Silver Slipper Casino and Hotel rose 165.7% Y/Y to $24.2 million, Rising Star Casino Resort increased 381.8%, and Bronco Billy's Casino grew 300%.
  • Selling, general and administrative expenses increased 42.9% Y/Y to $14 million.
  • The operating margin was 25.7%, and operating income for the quarter was $12.2 million.
  • The company held $281.5 million in cash and equivalents as of June 30, 2021.
  • Adjusted EBITDA was $14.9 Million, versus $(1.4) million last year.
  • EPS of $0.15 beat the analyst consensus of $0.07.
  • "As with last quarter, our financial results continue to benefit from structural changes throughout the company," said CEO Daniel R. Lee.
  • Price Action: FLL shares closed lower by 3.22% at $8.12 on Tuesday.

Posted In: BriefsEarningsNews

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