Full House Resorts has reported a net loss of $10.4 million for the second quarter of 2025, an increase from the $8.7 million loss recorded in the same period last year.
The widening loss came despite a marginal 0.6% year-on-year rise in revenue to $73.9 million. The company‘s profitability was significantly impacted by a 21.3% decline in adjusted EBITDA, which fell to $11.1 million.
Full House attributed the weaker bottom-line performance primarily to elevated operating costs at its Chamonix Casino Hotel in Colorado, which continues to weigh on margins during its ramp-up phase.
The company’s Midwest & South operations segment was a notable bright spot in the quarterly report. This region, which includes the successful American Place in Illinois, generated $57.8 million in revenue, a 4.2% increase, and delivered a segment EBITDA of $12.8 million.
CEO Daniel Lee commented on the performance, stating:
American Place continued its strong ramp in operations, delivering record net revenue and operating profit in the second quarter.
The property’s player database has now grown to over 100,000 members, indicating strong local engagement.
In contrast, the West segment, which includes the Chamonix property, reported a 4.4% revenue decline to $14.5 million and an EBITDA loss of $1.1 million.
While casino operations revenue grew company-wide, other segments declined, including a sharp 42.5% drop in contracted sports wagering revenue.
This was attributed to a key sportsbook partner planning to exit Colorado and Indiana by the end of the year.
Amid these challenges, the company announced the promotion of Lewis Fanger to President, a move aimed at improving cost efficiency and leadership stability as Full House navigates its ongoing operational and financial pressures.
