{"id":21760,"date":"2024-05-10T13:38:01","date_gmt":"2024-05-10T13:38:01","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=21760"},"modified":"2024-05-10T15:14:27","modified_gmt":"2024-05-10T15:14:27","slug":"39-6-per-cent-revenue-growth-reported-by-full-house-resorts-for-q1-2024","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/blog\/39-6-per-cent-revenue-growth-reported-by-full-house-resorts-for-q1-2024\/","title":{"rendered":"Impressive 39.6% Revenue Growth Reported By Full House Resorts For Q1 2024"},"content":{"rendered":"

Full House Resorts revenue has grown by 39.6 per cent year-on-year for the first quarter of 2024, financial results confirmed.\u00a0<\/strong><\/p>\n

In total, revenue was reported at $69.9Million compared to $50.1m in the prior-year period. In February 2023, operations at American Place was launched which is reflected in the results.<\/p>\n

Additionally, the phased opening of Chamonix Casino Hotel from late December is also included. The net loss for the opening quarter of 2024 was $11.3m. This does include $1.7m of pre-opening costs.<\/p>\n

Adjusted EBITDA rose 22.6 per cent to $12.4m. Furthermore, the net losses also took into account depreciation and amortisation charges related to American Place and Chamonix of $5.5 m and $3.7m respectively.<\/p>\n

Full House Resorts Revenue<\/h2>\n

\u201cWe had a strong quarter of growth, led by American Place. Typical of most new casino openings, American Place has continued to improve its operations since its opening just over a year ago,” said Daniel R. Lee, president and chief executive officer of Full House Resorts.<\/p>\n

“During the first quarter, quarterly revenues at American Place rose to their highest yet \u2013 $25.8m. Similarly, Adjusted Property EBITDA rose to $7.4m.<\/p>\n

“March was the first month with full year-over-year comparisons, and gaming revenues in that month rose 34 per cent compared to March 2023.<\/p>\n

“The strong first quarter results were assisted by the opening of our high-end restaurant, North Shore Steaks & Seafood, which opened on February 14 2024.<\/p>\n

“We look forward to continued growth at American Place as its database continues to grow and operations continue to season.<\/p>\n

“We believe that American Place provides a reasonable case study for how Chamonix should perform in the nearer term,” he added.<\/p>\n

Additionally, Lee went on to say how he believes Chamonix is far superior to the other casinos in Cripple Creek.<\/p>\n

Check out Instant Withdrawal Casinos<\/a> for the latest updates on fast payout online casinos.<\/p>\n","protected":false},"excerpt":{"rendered":"

Full House Resorts revenue has grown by 39.6 per cent year-on-year for the first quarter of 2024, financial results confirmed.\u00a0 In total, revenue was reported at $69.9Million compared to $50.1m in the prior-year period. In February 2023, operations at American Place was launched which is reflected in the results. Additionally, the phased opening of Chamonix … <\/p>\n","protected":false},"author":61,"featured_media":21766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-21760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"\nFull House Resorts Revenue Grows 39.6 Per Cent In Q1 2024<\/title>\n<meta name=\"description\" content=\"Full House Resorts revenue has grown by 39.6% year-on-year for the first quarter of 2024, financial results confirmed.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/instantcasinos.com\/blog\/39-6-per-cent-revenue-growth-reported-by-full-house-resorts-for-q1-2024\/\" \/>\n<meta property=\"og:locale\" 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