Quarterly report [Sections 13 or 15(d)]

ORGANIZATION

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ORGANIZATION
6 Months Ended
Jun. 30, 2025
ORGANIZATION  
ORGANIZATION

1. ORGANIZATION

Organization. Formed as a Delaware corporation in 1987, Full House Resorts, Inc. owns, leases, operates, develops, manages, and/or invests in casinos and related hospitality and entertainment facilities. References in this document to “Full House,” the “Company,” “we,” “our,” or “us” refer to Full House Resorts, Inc. and its subsidiaries, except where stated or the context otherwise indicates.

The following table presents selected information concerning our segments, along with properties and their locations:

Segments and Properties*

 Locations

Midwest & South

American Place Casino (“American Place”)

Waukegan, IL (northern suburb of Chicago)

Silver Slipper Casino and Hotel (“Silver Slipper”)

 

Hancock County, MS (near New Orleans)

Rising Star Casino Resort (“Rising Star”)

 

Rising Sun, IN (near Cincinnati)

West*

Bronco Billy’s Casino (“Bronco Billy’s”) and
Chamonix Casino Hotel (“Chamonix”)

 

Cripple Creek, CO
(near Colorado Springs)

Grand Lodge Casino (“Grand Lodge”),
leased and part of the Hyatt Regency Lake Tahoe Resort, Spa and Casino

 

Incline Village, NV
(North Shore of Lake Tahoe)

Contracted Sports Wagering

Three idle sports wagering websites (“skins”)

Colorado

One active sports wagering website (“skin”), plus two others that are currently idle

Indiana

One active sports wagering website (“skin”)

Illinois

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* On April 1, 2025, the Company completed its sale of Stockman’s Casino. See Note 4 for details.

The Company currently operates six casinos: five on real estate that we own or lease, and one located within a hotel owned by a third party. Additionally, we benefit from two active permitted sports wagering skins – one each in Indiana and Illinois.

In February 2023, we opened our temporary American Place facility, which we are permitted to operate until August 2027. We have begun the design work for the permanent gaming facility that we plan to build on adjoining land.

In October 2024, we completed the phased opening of Chamonix, our newest property, located adjacent to our existing Bronco Billy’s Casino.

In April 2025, we completed the sale of Stockman’s Casino (“Stockman’s”) to a privately-owned company.

In July 2025, we agreed to an extension of our active sports wagering skin in Indiana through December 2031.

For additional information about the Company’s segments, see Note 11.