Full House Resorts, Inc. Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables)

6 Months Ended

Jun. 30, 2024

The following tables present the Company’s segment information:


(In thousands)	Three Months Ended June 30, 2024
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	43,051	$	11,634	$	—	$	54,685
Food and beverage		8,683		1,720		—		10,403
Hotel		2,126		1,616		—		3,742
Other operations, including contracted sports wagering		1,598		181		2,883		4,662
	$	55,458	$	15,151	$	2,883	$	73,492

Adjusted Segment EBITDA	$	12,275	$	865	$	2,577	$	15,717
Other operating costs and expenses:
Depreciation and amortization								(10,326)
Corporate expenses								(1,576)
Project development costs								(3)
Preopening costs								(757)
Stock-based compensation								(740)
Operating income								2,315
Other expense:
Interest expense, net								(11,023)
								(11,023)
Loss before income taxes								(8,708)
Income tax benefit								(79)
Net loss							$	(8,629)


(In thousands)	Three Months Ended June 30, 2023
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	38,281	$	7,078	$	—	$	45,359
Food and beverage		7,894		779		—		8,673
Hotel		2,229		119		—		2,348
Other operations, including contracted sports wagering		1,507		113		1,382		3,002
	$	49,911	$	8,089	$	1,382	$	59,382

Adjusted Segment EBITDA	$	9,391	$	177	$	1,361	$	10,929
Other operating costs and expenses:
Depreciation and amortization								(8,155)
Corporate expenses								(422)
Project development costs								(17)
Preopening costs								(1,086)
Stock-based compensation								(655)
Operating income								594
Other expense:
Interest expense, net								(5,633)
								(5,633)
Loss before income taxes								(5,039)
Income tax provision								561
Net loss							$	(5,600)


(In thousands)	Six Months Ended June 30, 2024
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	83,960	$	22,398	$	—	$	106,358
Food and beverage		17,193		2,979		—		20,172
Hotel		4,132		2,462		—		6,594
Other operations, including contracted sports wagering		4,803		346		5,143		10,292
	$	110,088	$	28,185	$	5,143	$	143,416

Adjusted Segment EBITDA	$	24,958	$	731	$	4,512	$	30,201
Other operating costs and expenses:
Depreciation and amortization								(20,951)
Corporate expenses								(3,651)
Project development costs								(3)
Preopening costs								(2,420)
Loss on disposal of assets								(18)
Stock-based compensation								(1,449)
Operating income								1,709
Other expense:
Interest expense, net								(21,273)
								(21,273)
Loss before income taxes								(19,564)
Income tax provision								337
Net loss							$	(19,901)


(In thousands)	Six Months Ended June 30, 2023
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	67,133	$	14,213	$	—	$	81,346
Food and beverage		14,791		1,542		—		16,333
Hotel		4,269		223		—		4,492
Other operations, including contracted sports wagering		4,520		235		2,562		7,317
	$	90,713	$	16,213	$	2,562	$	109,488

Adjusted Segment EBITDA	$	20,077	$	234	$	2,522	$	22,833
Other operating costs and expenses:
Depreciation and amortization								(14,014)
Corporate expenses								(2,201)
Project development costs								(24)
Preopening costs								(11,583)
Stock-based compensation								(1,403)
Operating loss								(6,392)
Other (expense) income:
Interest expense, net								(10,452)
Gain on insurance settlement								355
								(10,097)
Loss before income taxes								(16,489)
Income tax provision								526
Net loss							$	(17,015)