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

SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables)

9 Months Ended

Sep. 30, 2024

The following tables present the Company’s segment information:


(In thousands)	Three Months Ended September 30, 2024
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	41,855	$	14,261	$	—	$	56,116
Food and beverage		8,866		2,234		—		11,100
Hotel		2,136		2,557		—		4,693
Other operations, including contracted sports wagering		1,653		335		1,790		3,778
	$	54,510	$	19,387	$	1,790	$	75,687

Adjusted Segment EBITDA	$	10,249	$	1,198	$	2,037	$	13,484
Other operating costs and expenses:
Depreciation and amortization								(10,493)
Corporate expenses								(1,742)
Project development costs								(52)
Preopening costs								(42)
Gain on sale of Stockman’s								2,000
Stock-based compensation								(706)
Operating income								2,449
Other expense:
Interest expense, net								(11,047)
								(11,047)
Loss before income taxes								(8,598)
Income tax benefit								(126)
Net loss							$	(8,472)


(In thousands)	Three Months Ended September 30, 2023
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	40,341	$	9,899	$	—	$	50,240
Food and beverage		8,242		844		—		9,086
Hotel		2,369		191		—		2,560
Other operations, including contracted sports wagering		1,601		151		7,905		9,657
	$	52,553	$	11,085	$	7,905	$	71,543

Adjusted Segment EBITDA	$	11,750	$	2,308	$	7,852	$	21,910
Other operating costs and expenses:
Depreciation and amortization								(8,468)
Corporate expenses								(1,280)
Project development costs								(21)
Preopening costs								(1,051)
Loss on disposal of assets								(7)
Stock-based compensation								(726)
Operating income								10,357
Other expense:
Interest expense, net								(5,867)
Gain on settlements								29
								(5,838)
Income before income taxes								4,519
Income tax benefit								(74)
Net income							$	4,593


(In thousands)	Nine Months Ended September 30, 2024
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	125,815	$	36,659	$	—	$	162,474
Food and beverage		26,059		5,213		—		31,272
Hotel		6,269		5,018		—		11,287
Other operations, including contracted sports wagering		6,456		681		6,933		14,070
	$	164,599	$	47,571	$	6,933	$	219,103

Adjusted Segment EBITDA	$	35,206	$	1,928	$	6,549	$	43,683
Other operating costs and expenses:
Depreciation and amortization								(31,444)
Corporate expenses								(5,391)
Project development costs								(55)
Preopening costs								(2,462)
Loss on disposal of assets								(18)
Gain on sale of Stockman’s								2,000
Stock-based compensation								(2,155)
Operating income								4,158
Other expense:
Interest expense, net								(32,320)
								(32,320)
Loss before income taxes								(28,162)
Income tax provision								211
Net loss							$	(28,373)


(In thousands)	Nine Months Ended September 30, 2023
					Contracted
					Sports
	Midwest & South		West		Wagering		Total
Revenues
Casino	$	107,474	$	24,112	$	—	$	131,586
Food and beverage		23,032		2,387		—		25,419
Hotel		6,638		414		—		7,052
Other operations, including contracted sports wagering		6,123		384		10,467		16,974
	$	143,267	$	27,297	$	10,467	$	181,031

Adjusted Segment EBITDA	$	31,830	$	2,538	$	10,373	$	44,741
Other operating costs and expenses:
Depreciation and amortization								(22,482)
Corporate expenses								(3,479)
Project development costs								(45)
Preopening costs								(12,634)
Loss on disposal of assets								(7)
Stock-based compensation								(2,129)
Operating income								3,965
Other (expense) income:
Interest expense, net								(16,319)
Gain on settlements								384
								(15,935)
Loss before income taxes								(11,970)
Income tax provision								452
Net loss							$	(12,422)