Recent Updates — FLL

Full House Resorts intends to construct a permanent American Place casino in Waukegan, Illinois, replacing its current temporary facility. The company is negotiating with financial institutions to fund construction costs and has discussed refinancing existing 8.25% Senior Secured Notes due 2028. Proposed transactions include a private offering of approximately $525 million of new senior secured notes due 2031 and a new $100 million revolving credit facility. Proceeds would redeem existing debt, repay the current credit facility, fund construction, and cover fees. Discussions are ongoing, subject to definitive documentation. Full House Resorts operates casinos in Illinois.

Full House Resorts reported second quarter 2026 results with consolidated revenues increasing 5.6% to $78.1 million and adjusted EBITDA rising 19.5% to $13.3 million. Net loss narrowed to $8.7 million, or $0.24 per diluted share, compared to a $10.4 million loss in the prior-year period. Operating income turned positive at $2.3 million, driven by strong growth at American Place Casino and Chamonix/Bronco Billy’s. The company confirmed approval to operate its temporary American Place facility through February 2029 while pursuing financing for a permanent casino expected to open in late 2028. Full House Resorts operates casinos and hospitality resorts primarily in the Midwest, South, and West regions of the United States.