Full House Resorts records 11 7m in net income for 2021

Full House Resorts has reported $43

Full House Resorts has reported $43.3m inward revenue for Q4 2021, a 13.1% increment over the prior-year period’s $38.3m.

After closure inwards March 2020 due to Covid-19, all of the company’s properties had reopened past June of the same year, and since then, Full House has experienced comparatively consistent revenue growth.

On a whole-year basis, Full House Resorts’ revenue amounted to $180.2m, upward 43.5% from 2020’s $125.6m.

Full House generated nearly $8m inward familiarised Earnings Before Interest Taxes Depreciation and Amortization for Q4 2021, mastered from $9.8m for the prior-year period, though this included $2.1m for the cut-rate sale of “free play” inward Indiana.

However, for the replete(p) year, familiarised EBITDA climbed to $47.2m, a more than 140% increase from 2020’s $19.7m.

Net income, meanwhile, came to $5m for the 4th quarter, driving its full-year tally to $11.7m, an impressive 11,600% step-up from 2020’s considerably to a greater extent meagre $100,000 — though this development testament potential make been inflated by the company’s Covid-related closures.

“We are proud of our continued ontogeny in 2021,” said Book of Daniel R. Lee, President and CEO of Full House Resorts.

He added: “All of our segments achieved their highest profits inwards any of the past times V years and some properties, same the Silver Slipper, reached new all-time records for financial performance. It was an exceedingly strong year end-to-end the company.”

Looking forward, Henry Lee was optimistic regarding 2022 and touched on Full House Resorts upcoming interim casino, The Temporary by American Place.

“We expect 2022 to follow a likewise transformative year for Full House Resorts,” continued Lee. “While our permanent American Place readiness in Waukegan, Illinois testament require more or less deuce-ace years to construct, we look to innovate American Place to the area’s residents much sooner — this upcoming summertime — via The Temporary.”