Full House Resorts has reported its revenues and earnings results for the second quarter ended June 30 2021
Full House Resorts has reported its revenues and earnings results for the endorse billet ended June 30 2021.
Revenues were $47.4m, a 227% growth from $14.5m inwards the prior-year period.
The prior-year full stop reflects the pandemic-related cloture of all of the company’s properties from mid-March 2020 through late-May 2020 for Silver Slipper, and through and through June 2020 for its other properties.
The mesh income for Q2 2021 improved to $5.5m - $0.15 per dilute unwashed share - compared to a meshwork deprivation of $6.7m inward the prior-year period.
Adjusted EBITDA was $14.9m, compared to an familiarised Earnings Before Interest Taxes Depreciation and Amortization deprivation of $1.4m in the sec quarter of 2020.
The accompany said the ontogeny was due to in operation(p) and marketing improvements, as wellspring as the closure of all of its properties noted above.
“As with lowest quarter, our financial results go along to welfare from structural changes throughout the company,” said Book of Daniel Lee, President and CEO of Full House Resorts.
“These operating results are significantly to a higher place non only if the 2020 period, but also meaningfully in a higher place any back billet or first-half results in at to the lowest degree the past times V years.
“These strong continued results feature allowed us to persist in to re-invest in, and improve, our properties. For example, with the ramp-up of our new marketing systems at Bronco Billy’s and Rising Star largely complete, we now look forrad to upgrading the casino marketing systems at our deuce Silver State properties, scheduled for this year’s fourth quarter.”
Currently, V of the company’s half dozen permitted sports wagering “skins” in Indiana and Colorado are at present operating. Two additional sports wagering websites were also launched on Apr 1 and Apr 23. The remaining sports pare is expected to lead off operations inward the coming months.