Full House Resorts Delivers Strong Q4 Performance, Sets Stage for Growth in 2026

Full House Resorts has reported a robust performance in its fourth quarter and full-year 2025 earnings, with revenues rising to $75.4 million, up from $73 million in the same period of 2024. The increase was driven by growth at the company's American Place casino, which saw revenues surge by 11% to $32 million in the final quarter of the year. Adjusted property EBITDA at American Place rose 29% to $8.7 million, while the full-year revenues and adjusted property EBITDA increased by 13% and 17%, respectively.

The company's executives expressed confidence in their market's potential for growth, highlighting that the temporary American Place facility is expected to eventually achieve a run-rate EBITDA of around $50 million, with the permanent casino capable of earning double that amount. They also noted that Full House Resorts is located in one of the wealthiest counties in the country and enjoys significant proximity advantages over its competitors.

"We are sandwiched not just midway between those two very successful casinos, but also between two of the major north-south traffic arteries in northern Chicagoland," said Lewis, a company executive. "Those facts, combined with our three years of operating experience in the market, are what give us so much conviction in what we think American Place can achieve in the long term."

Full House Resorts' Colorado operations also showed signs of improvement, with revenues increasing by $1.2 million or about 5% and adjusted property EBITDA jumping by $4.2 million in the second half of 2025 compared to the same period a year earlier. The company's management team at Chamonix has been revamped in recent months, with new personnel being appointed to key roles.

The fourth quarter of 2025 was marked by significant growth and momentum for Full House Resorts, setting the stage for further expansion and revenue growth in 2026.