Q3 2024 Full House Resorts Inc Earnings Call Transcript
Key Points
- Full House Resorts Inc (FLL) reported a significant increase in revenues at American Place, with a 17.6% rise, marking its best quarter to date.
- The company successfully hosted a grand opening weekend for VIP players at Chamonix, featuring Jay Leno, which was well-received and aimed at boosting customer engagement.
- Full House Resorts Inc (FLL) is adding approximately 5,000 people per month to its mailing list, indicating a growing customer base.
- The company has hired a new VP of advertising with over 20 years of industry experience to enhance targeted marketing efforts.
- Full House Resorts Inc (FLL) is exploring the potential relocation of its Rising Star Casino to Fort Wayne, Indiana, which could significantly increase its profitability.
- The third quarter was not favorable for Full House Resorts Inc (FLL), with expenses growing at the same rate as revenues, resulting in a small loss.
- Marketing expenses, including a failed mailing list campaign, negatively impacted the quarter's financial performance.
- The Silver Slipper Casino experienced a decline in EBITDA due to an active hurricane season affecting customer attendance.
- The Grand Lodge Casino faced weaker occupancy due to postponed construction plans at the hotel, impacting its financial results.
- The company's Rising Star Casino continues to face challenges due to competition from newer casinos in the region, limiting its profitability.
Good afternoon and welcome to the Full House Resorts third quarter earnings call at this time. All participants are in listen-only mode, a question and answer session will follow the formal presentation.
If anyone should require operator assistance during the conference, please press star then zero on your telephone keypad as a reminder, this conference is being recorded.
I would now like to turn the conference over to your host, Lewis Fanger, Chief Financial Officer of Full House Resorts. Please go ahead, sir.
Thank you. Good afternoon, everyone. Welcome to our third quarter earnings call. As always before we begin, we remind you that today's conference call may contain forward-looking statements that we're making under the safe harbor provision of federal security laws. I would also like to remind you that the company's actual results could differ materially from the anticipated results in these forward-looking statements. Please see today's press
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